United States Steel (NYSE:X) Downgraded by Glj Research to Strong Sell

United States Steel (NYSE:X - Get Free Report) was downgraded by Glj Research from a "strong-buy" rating to a "strong sell" rating in a research note issued to investors on Friday, MarketBeat reports.

X has been the subject of a number of other research reports. Wolfe Research reiterated a "peer perform" rating on shares of United States Steel in a research note on Tuesday, May 27th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $38.00 price objective (down from $43.00) on shares of United States Steel in a research note on Wednesday, April 16th. BMO Capital Markets reaffirmed a "market perform" rating and set a $45.00 price objective on shares of United States Steel in a research note on Monday, March 31st. Jefferies Financial Group reissued a "hold" rating and set a $55.00 target price (up from $50.00) on shares of United States Steel in a research note on Tuesday, May 27th. Finally, Morgan Stanley upped their price target on United States Steel from $35.00 to $38.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, United States Steel currently has a consensus rating of "Hold" and a consensus price target of $41.37.

United States Steel Trading Up 1.3%

Shares of X stock traded up $0.70 during trading on Friday, hitting $53.93. 18,740,951 shares of the stock traded hands, compared to its average volume of 6,119,405. The firm has a market capitalization of $12.21 billion, a P/E ratio of 36.19, a price-to-earnings-growth ratio of 1.53 and a beta of 1.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91. The firm's fifty day moving average price is $43.43 and its 200-day moving average price is $39.10. United States Steel has a 52-week low of $26.92 and a 52-week high of $54.03.

United States Steel (NYSE:X - Get Free Report) last posted its quarterly 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 during the quarter, compared to analyst estimates of $3.54 billion. United States Steel had a return on equity of 4.27% and a net margin of 2.46%. The business's revenue was down 10.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.82 EPS. As a group, research analysts forecast that United States Steel will post 1.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On United States Steel

Several hedge funds have recently made changes to their positions in the business. Strs Ohio purchased a new position in shares of United States Steel in the 1st quarter worth $1,013,000. Geneos Wealth Management Inc. increased its position in shares of United States Steel by 499.6% during the first quarter. Geneos Wealth Management Inc. now owns 2,998 shares of the basic materials company's stock worth $127,000 after acquiring an additional 2,498 shares during the last quarter. Focus Partners Wealth increased its holdings in United States Steel by 44.3% in the first quarter. Focus Partners Wealth now owns 29,974 shares of the basic materials company's stock valued at $1,267,000 after buying an additional 9,201 shares during the last quarter. Woodline Partners LP increased its holdings in United States Steel by 113.1% in the first quarter. Woodline Partners LP now owns 1,261,242 shares of the basic materials company's stock valued at $53,300,000 after buying an additional 669,392 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new stake in United States Steel in the first quarter valued at about $226,000. Institutional investors and hedge funds 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.