United States Steel's (X) Peer Perform Rating Reaffirmed at Wolfe Research

Wolfe Research restated their peer perform rating on shares of United States Steel (NYSE:X - Free Report) in a research report report published on Tuesday, Marketbeat.com reports.

A number of other research firms have also weighed in on X. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $38.00 price target (down previously from $43.00) on shares of United States Steel in a research report on Wednesday, April 16th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $45.00 target price on shares of United States Steel in a research report on Monday, March 31st. Finally, Morgan Stanley upped 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 note on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $41.37.

United States Steel Price Performance

Shares of NYSE:X traded up $0.31 during trading hours on Tuesday, hitting $53.35. 11,951,609 shares of the company's stock traded hands, compared to its average volume of 6,036,913. United States Steel has a 52 week low of $26.92 and a 52 week high of $54.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. The company's fifty day simple moving average is $42.97 and its two-hundred day simple moving average is $38.91. The company has a market cap of $12.08 billion, a price-to-earnings ratio of 35.81, a price-to-earnings-growth ratio of 1.53 and a beta of 1.82.

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

United States Steel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Monday, May 12th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Monday, May 12th. United States Steel's dividend payout ratio is currently 68.97%.

Institutional Investors Weigh In On United States Steel

A number of hedge funds have recently bought and sold shares of X. Golden State Wealth Management LLC lifted its position in United States Steel by 643.8% in the first quarter. Golden State Wealth Management LLC now owns 595 shares of the basic materials company's stock worth $25,000 after purchasing an additional 515 shares during the period. HM Payson & Co. raised its stake in shares of United States Steel by 57.2% in the 1st 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. raised its stake in shares of United States Steel by 64.0% in the 4th 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 bought a new position in shares of United States Steel during the 1st quarter worth about $31,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in shares of United States Steel during the 4th quarter valued at about $27,000. 81.92% of the stock is currently owned by institutional investors.

About United States Steel

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.