Shares of United States Steel Co. (NYSE:X - Get Free Report) hit a new 52-week high during mid-day trading on Saturday . The stock traded as high as $54.00 and last traded at $52.50, with a volume of 53706631 shares traded. The stock had previously closed at $42.90.
Analysts Set New Price Targets
X has been the subject of several recent research reports. BMO Capital Markets restated a "market perform" rating and set a $45.00 target price on shares of United States Steel in a report on Monday, March 31st. JPMorgan Chase & Co. restated a "neutral" rating and set a $38.00 target price (down previously from $43.00) on shares of United States Steel in a report on Wednesday, April 16th. Wolfe Research restated a "peer perform" rating on shares of United States Steel in a report on Tuesday. Jefferies Financial Group restated a "hold" rating and set a $55.00 target price (up previously from $50.00) on shares of United States Steel in a report on Tuesday. Finally, Morgan Stanley increased their target price on shares of United States Steel from $35.00 to $38.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $41.37.
Read Our Latest Stock Analysis on X
United States Steel Trading Up 1.7%
The company has a market cap of $11.98 billion, a price-to-earnings ratio of 35.52, a PEG ratio of 1.53 and a beta of 1.82. 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 business's 50 day moving average price is $42.48 and its 200-day moving average price is $38.71.
United States Steel (NYSE:X - Get Free Report) last posted its earnings results on Thursday, May 1st. The basic materials company reported ($0.39) earnings per share for the quarter, missing analysts' consensus estimates of ($0.35) by ($0.04). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same period in the prior year, the business posted $0.82 EPS. The firm's quarterly revenue was down 10.4% compared to the same quarter last year. On average, equities analysts anticipate that United States Steel Co. will post 1.43 EPS for the current fiscal year.
United States Steel Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Monday, May 12th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.38%. The ex-dividend date is Monday, May 12th. United States Steel's dividend payout ratio (DPR) is 68.97%.
Institutional Trading of United States Steel
Several hedge funds and other institutional investors have recently bought and sold shares of X. Kestra Advisory Services LLC increased its holdings in United States Steel by 0.3% in the 1st quarter. Kestra Advisory Services LLC now owns 84,972 shares of the basic materials company's stock valued at $3,591,000 after buying an additional 243 shares during the period. HM Payson & Co. boosted its stake in United States Steel by 57.2% in the first quarter. HM Payson & Co. now owns 706 shares of the basic materials company's stock valued at $30,000 after buying an additional 257 shares in the last quarter. Bessemer Group Inc. grew its position in United States Steel by 37.3% in the first quarter. Bessemer Group Inc. now owns 975 shares of the basic materials company's stock valued at $41,000 after acquiring an additional 265 shares during the last quarter. Versant Capital Management Inc raised its stake in United States Steel by 45.3% during the first quarter. Versant Capital Management Inc now owns 911 shares of the basic materials company's stock worth $38,000 after acquiring an additional 284 shares in the last quarter. Finally, Brooklyn Investment Group boosted its stake in shares of United States Steel by 4.6% in the 1st quarter. Brooklyn Investment Group now owns 6,792 shares of the basic materials company's stock valued at $287,000 after purchasing an additional 301 shares in the last quarter. Institutional investors and hedge funds own 81.92% of the company's stock.
United States Steel Company Profile
(
Get Free Report)
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.
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