United States Steel (NYSE:X) Earns "Hold" Rating from Jefferies Financial Group

United States Steel (NYSE:X - Get Free Report)'s stock had its "hold" rating restated by Jefferies Financial Group in a research note issued on Tuesday, Marketbeat reports. They currently have a $55.00 price objective on the basic materials company's stock, up from their prior price objective of $50.00. Jefferies Financial Group's price target indicates a potential upside of 3.09% from the company's current price.

A number of other research firms also recently commented on X. Morgan Stanley boosted their price target on shares of United States Steel from $35.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Wolfe Research reiterated a "peer perform" rating on shares of United States Steel in a research note on Tuesday. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $38.00 target price (down from $43.00) on shares of United States Steel in a research report on Wednesday, April 16th. Finally, BMO Capital Markets restated a "market perform" rating and issued a $45.00 price target on shares of United States Steel in a research report on Monday, March 31st. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $41.37.

United States Steel Stock Performance

X traded up $0.31 during trading hours on Tuesday, hitting $53.35. The company's stock had a trading volume of 11,951,609 shares, compared to its average volume of 6,036,913. The company has a 50-day simple moving average of $42.97 and a 200 day simple moving average of $38.91. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $12.08 billion, a PE ratio of 35.81, a PEG ratio of 1.53 and a beta of 1.82. United States Steel has a fifty-two week low of $26.92 and a fifty-two week high of $54.00.

United States Steel (NYSE:X - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported ($0.39) EPS for the quarter, missing analysts' consensus estimates of ($0.35) by ($0.04). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same period last year, the business posted $0.82 earnings per share. United States Steel's revenue for the quarter was down 10.4% on a year-over-year basis. As a group, sell-side analysts expect that United States Steel will post 1.43 EPS for the current year.

Institutional Investors Weigh In On United States Steel

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in X. Vanguard Group Inc. increased its holdings in United States Steel by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 20,558,732 shares of the basic materials company's stock worth $698,791,000 after buying an additional 186,994 shares during the last quarter. Dimensional Fund Advisors LP grew its position in United States Steel by 7.3% in the first quarter. Dimensional Fund Advisors LP now owns 9,970,755 shares of the basic materials company's stock worth $421,368,000 after acquiring an additional 678,849 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of United States Steel by 14.0% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,440,069 shares of the basic materials company's stock worth $229,897,000 after purchasing an additional 666,844 shares during the last quarter. Donald Smith & CO. Inc. raised its holdings in shares of United States Steel by 1.4% during the 4th quarter. Donald Smith & CO. Inc. now owns 4,788,075 shares of the basic materials company's stock valued at $162,747,000 after purchasing an additional 68,230 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of United States Steel by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 3,862,064 shares of the basic materials company's stock valued at $131,313,000 after purchasing an additional 22,380 shares in the last quarter. Hedge funds and other institutional investors own 81.92% of the company's stock.

United States Steel Company Profile

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.