United States Steel (X) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for United States Steel in the last year. There are currently 3 sell ratings and 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" X shares.
View X analyst ratings or view top-rated stocks.

7 brokers have issued 12 month target prices for United States Steel's shares. Their X share price forecasts range from $19.00 to $26.00. On average, they anticipate the company's stock price to reach $24.29 in the next year. This suggests that the stock has a possible downside of 24.2%.
View analysts price targets for X or view top-rated stocks among Wall Street analysts.

United States Steel's stock was trading at $25.05 at the beginning of the year. Since then, X shares have increased by 27.8% and is now trading at $32.02.
View the best growth stocks for 2023 here.

United States Steel saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 12,830,000 shares, a decline of 42.6% from the August 15th total of 22,340,000 shares. Based on an average daily trading volume, of 9,810,000 shares, the short-interest ratio is currently 1.3 days. Currently, 5.8% of the shares of the stock are sold short.
View United States Steel's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our X earnings forecast.

United States Steel Co. (NYSE:X) issued its quarterly earnings results on Friday, July, 28th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.86 by $0.06. The basic materials company had revenue of $5.01 billion for the quarter, compared to analysts' expectations of $5.11 billion. United States Steel had a net margin of 7.05% and a trailing twelve-month return on equity of 13.51%. United States Steel's revenue for the quarter was down 20.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.86 earnings per share.

United States Steel announced a quarterly dividend on Thursday, July 27th. Stockholders of record on Monday, August 7th will be paid a dividend of $0.05 per share on Thursday, September 7th. This represents a $0.20 annualized dividend and a yield of 0.62%. The ex-dividend date is Friday, August 4th.
Read our dividend analysis for X.

ETFs with the largest weight of United States Steel (NYSE:X) stock in their portfolio include First Trust Materials AlphaDEX Fund (FXZ), SPDR S&P Metals & Mining ETF (XME), VanEck Steel ETF (SLX), Direxion Daily Metals & Mining Bull 2X Shares (MNM), Invesco S&P MidCap 400 Pure Value ETF (RFV), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), Euclidean Fundamental Value ETF (ECML) and Invesco S&P MidCap 400 Revenue ETF (RWK).

United States Steel (NYSE:X) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.64%. The dividend payout ratio is 3.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, X will have a dividend payout ratio of 12.58% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for X.

United States Steel declared that its Board of Directors has approved a share buyback plan on Thursday, July 28th 2022, which permits the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 8.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its stock is undervalued.

United States Steel issued an update on its third quarter 2023 earnings guidance on Monday, September, 18th. The company provided EPS guidance of $1.10-$1.15 for the period, compared to the consensus earnings per share estimate of $1.01. The company issued revenue guidance of -.

116 employees have rated United States Steel Chief Executive Officer David Burritt on Glassdoor.com. David Burritt has an approval rating of 41% among the company's employees. This puts David Burritt in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. 45.0% of employees surveyed would recommend working at United States Steel to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other United States Steel investors own include NVIDIA (NVDA), Bank of America (BAC), Netflix (NFLX), Alibaba Group (BABA), Micron Technology (MU), Tesla (TSLA), Ford Motor (F), Advanced Micro Devices (AMD), General Electric (GE) and AK Steel (AKS).

United States Steel trades on the New York Stock Exchange (NYSE) under the ticker symbol "X."

United States Steel's stock is owned by a number of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (4.72%), Marshall Wace LLP (2.75%), Citadel Advisors LLC (0.00%), KGH Ltd (1.87%), Donald Smith & CO. Inc. (1.73%) and Geode Capital Management LLC (1.51%). Insiders that own company stock include Alicia J Davis, Andrea J Ayers, Christine S Breves, David B Burritt, Duane D Holloway, James E Bruno, Kenneth E Jaycox, Manpreet Grewal, Richard Fruehauf, Scott D Buckiso and Tracy A Atkinson.
View institutional ownership trends.

Shares of X stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of X stock can currently be purchased for approximately $32.02.

United States Steel (NYSE:X) has a market capitalization of $7.14 billion and generates $21.07 billion in revenue each year. The basic materials company earns $2.52 billion in net income (profit) each year or $5.20 on an earnings per share basis.

The company employs 22,740 workers across the globe.

United States Steel's mailing address is 600 GRANT STREET, PITTSBURGH PA, 15219. The official website for the company is www.ussteel.com. The basic materials company can be reached via phone at (412) 433-1121, via email at klewis@uss.com, or via fax at 302-674-5266.