United States Steel Corporation (NYSE:X - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $52.19, but opened at $54.79. United States Steel shares last traded at $54.88, with a volume of 5,381,109 shares.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on X. Morgan Stanley increased their price objective on United States Steel from $35.00 to $38.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. BMO Capital Markets restated a "market perform" rating and set a $45.00 price objective on shares of United States Steel in a report on Monday, March 31st. Glj Research lowered shares of United States Steel from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 30th. JPMorgan Chase & Co. lifted their target price on United States Steel from $39.00 to $55.00 and gave the stock a "neutral" rating in a research report on Monday, June 2nd. Finally, Jefferies Financial Group restated a "hold" rating and set a $55.00 price target (up from $50.00) on shares of United States Steel in a research note on Tuesday, May 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $43.80.
Read Our Latest Stock Report on X
United States Steel Stock Performance
The firm has a market capitalization of $12.45 billion, a price-to-earnings ratio of 189.56, a price-to-earnings-growth ratio of 2.21 and a beta of 1.87. The firm's 50-day moving average price is $46.28 and its two-hundred day moving average price is $40.43. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.75 and a current ratio of 1.45.
United States Steel (NYSE:X - Get Free Report) last released its quarterly earnings data 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 net margin of 0.64% and a return on equity of 1.69%. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. The firm's revenue for the quarter was down 10.4% compared to the same quarter last year. Sell-side analysts predict that United States Steel Corporation will post 1.43 earnings per share for the current year.
United States Steel Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Monday, May 12th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date was Monday, May 12th. United States Steel's dividend payout ratio (DPR) is 68.97%.
Institutional Investors Weigh In On United States Steel
Hedge funds have recently made changes to their positions in the company. Golden State Wealth Management LLC increased its holdings in United States Steel by 643.8% during the 1st quarter. Golden State Wealth Management LLC now owns 595 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 515 shares in the last quarter. HM Payson & Co. grew its holdings in shares of United States Steel by 57.2% during the first quarter. HM Payson & Co. now owns 706 shares of the basic materials company's stock worth $30,000 after purchasing an additional 257 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of United States Steel by 64.0% in the fourth quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company's stock valued at $25,000 after buying an additional 277 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in shares of United States Steel in the first quarter valued at $31,000. Finally, Versant Capital Management Inc raised its holdings in shares of United States Steel by 45.3% in the first quarter. Versant Capital Management Inc now owns 911 shares of the basic materials company's stock valued at $38,000 after buying an additional 284 shares during the last quarter. Institutional investors and hedge funds own 81.92% of the company's stock.
About United States Steel
(
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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