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United States Steel - X Stock Forecast, Price & News

$23.38
-1.51 (-6.07%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$23.28
$24.28
50-Day Range
$17.02
$25.25
52-Week Range
$16.41
$39.25
Volume
12.48 million shs
Average Volume
15.80 million shs
Market Capitalization
$5.55 billion
P/E Ratio
1.36
Dividend Yield
0.80%
Price Target
$29.05

United States Steel MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
24.3% Upside
$29.05 Price Target
Short Interest
Healthy
20.35% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-4.31
Upright™ Environmental Score
News Sentiment
1.24mentions of United States Steel in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-75.03%
From $9.93 to $2.48 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.13 out of 5 stars

Basic Materials Sector

104th out of 171 stocks

Blast Furnaces & Steel Mills Industry

8th out of 15 stocks

X stock logo

About United States Steel (NYSE:X) Stock

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through four segments: North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke. This segment serves customers in the service center, conversion, transportation, automotive, construction, container, appliance, and electrical markets. The Mini Mill segment provides hot-rolled, cold-rolled, and coated sheets and electrical products. This segment serves customers in the automotive, appliance, construction, container, transportation, and service center markets. The USSE segment provides slabs, strip mill plates, sheets, tin mill products, and spiral welded pipes. This segment serves customers in the construction, container, appliance and electrical, service center, conversion, oil, gas, and petrochemical markets. The Tubular segment offers seamless and electric resistance welded steel casing and tubing products, as well as standard and line pipe and mechanical tubing products primarily to customers in the oil, gas, and petrochemical markets. The company also engages in the real estate business. United States Steel Corporation was founded in 1901 and is headquartered in Pittsburgh, Pennsylvania.

United States Steel Trading Down 6.1 %

Shares of X Stock traded down $1.51 during trading hours on Wednesday, hitting $23.38. 12,479,599 shares of the company were exchanged, compared to its average volume of 15,798,085. The firm has a market cap of $5.55 billion, a P/E ratio of 1.36 and a beta of 2.16. United States Steel has a fifty-two week low of $16.41 and a fifty-two week high of $39.25. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.98. The company has a 50 day simple moving average of $20.57 and a two-hundred day simple moving average of $26.35.

United States Steel (NYSE:X - Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The basic materials company reported $3.86 earnings per share for the quarter, beating the consensus estimate of $3.85 by $0.01. The firm had revenue of $6.29 billion for the quarter, compared to analyst estimates of $5.82 billion. United States Steel had a net margin of 21.59% and a return on equity of 49.21%. The business's quarterly revenue was up 25.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.37 earnings per share. Equities analysts anticipate that United States Steel will post 9.93 EPS for the current year.

United States Steel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Monday, August 8th will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, August 5th. This represents a $0.20 annualized dividend and a yield of 0.86%. United States Steel's payout ratio is 1.17%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Credit Suisse Group dropped their price objective on shares of United States Steel from $49.00 to $44.00 and set an "outperform" rating for the company in a research note on Friday, June 17th. UBS Group set a $23.00 price target on United States Steel in a research note on Monday, June 20th. BMO Capital Markets reduced their price objective on United States Steel from $30.00 to $23.00 in a research report on Friday, June 17th. StockNews.com downgraded United States Steel from a "buy" rating to a "hold" rating in a research report on Friday, July 29th. Finally, The Goldman Sachs Group reduced their price target on United States Steel from $36.00 to $22.00 and set a "sell" rating on the stock in a report on Tuesday, May 31st. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $29.05.

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X Stock News Headlines

3 Low Priced Stocks With Good Growth Prospects (X)
These three low priced stocks have such solid long-term growth expectations—and valuations that are becoming hard to ignore.
U.S. Steel, Shell in clean energy collaboration
The Market Has Spoken (And I'm Listening)
Fight the Rally, or Fight the Fed?
United States Steel (NYSE:X) Price Target Raised to $21.50
United States Steel (NYSE:X) Downgraded by StockNews.com
Amazon, Apple and More Stocks to Watch Friday
New Strong Buy Stocks for July 11th
See More Headlines
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X Company Calendar

Ex-Dividend for 6/8 Dividend
5/06/2022
Dividend Payable
6/08/2022
Last Earnings
7/28/2022
Ex-Dividend for 9/8 Dividend
8/05/2022
Today
8/17/2022
Dividend Payable
9/08/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
CUSIP
91290910
Employees
24,540
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$29.05
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$21.50
Forecasted Upside/Downside
+24.3%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
8 Analysts

Profitability

Net Income
$4.17 billion
Pretax Margin
24.81%

Debt

Sales & Book Value

Annual Sales
$20.28 billion
Cash Flow
$16.24 per share
Book Value
$43.38 per share

Miscellaneous

Free Float
234,380,000
Market Cap
$5.55 billion
Optionable
Optionable
Beta
2.16














X Stock - Frequently Asked Questions

Should I buy or sell United States Steel stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for United States Steel in the last twelve months. There are currently 3 sell ratings, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" X shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in X, but not buy additional shares or sell existing shares.
View X analyst ratings
or view top-rated stocks.

What is United States Steel's stock price forecast for 2022?

8 brokers have issued 1-year price objectives for United States Steel's shares. Their X share price forecasts range from $21.50 to $50.00. On average, they expect the company's share price to reach $29.05 in the next twelve months. This suggests a possible upside of 24.3% from the stock's current price.
View analysts price targets for X
or view top-rated stocks among Wall Street analysts.

How have X shares performed in 2022?

United States Steel's stock was trading at $23.81 at the beginning of the year. Since then, X shares have decreased by 1.8% and is now trading at $23.38.
View the best growth stocks for 2022 here
.

When is United States Steel's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our X earnings forecast
.

How were United States Steel's earnings last quarter?

United States Steel Co. (NYSE:X) issued its earnings results on Thursday, July, 28th. The basic materials company reported $3.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.85 by $0.01. The basic materials company earned $6.29 billion during the quarter, compared to analyst estimates of $5.82 billion. United States Steel had a trailing twelve-month return on equity of 49.21% and a net margin of 21.59%. The company's revenue for the quarter was up 25.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.37 earnings per share.

How often does United States Steel pay dividends? What is the dividend yield for United States Steel?

United States Steel declared a quarterly dividend on Saturday, July 30th. Investors of record on Monday, August 8th will be paid a dividend of $0.05 per share on Thursday, September 8th. This represents a $0.20 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Friday, August 5th.
Read our dividend analysis for X
.

Is United States Steel a good dividend stock?

United States Steel (NYSE:X) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.80%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 1.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, X will have a dividend payout ratio of 8.06% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for X.

How will United States Steel's stock buyback program work?

United States Steel declared that its board has approved a stock repurchase plan on Thursday, July 28th 2022, which authorizes the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 8.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its stock is undervalued.

What guidance has United States Steel issued on next quarter's earnings?

United States Steel issued an update on its second quarter 2022 earnings guidance on Thursday, July, 14th. The company provided earnings per share guidance of $3.83-$3.88 for the period, compared to the consensus earnings per share estimate of $3.20. The company issued revenue guidance of -.

What is David Burritt's approval rating as United States Steel's CEO?

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.

What other stocks do shareholders of United States Steel own?

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).

What is United States Steel's stock symbol?

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

Who are United States Steel's major shareholders?

United States Steel's stock is owned by a number of institutional and retail investors. Top institutional shareholders include AQR Capital Management LLC (1.36%), Donald Smith & CO. Inc. (1.08%), Thompson Siegel & Walmsley LLC (0.94%), Northern Trust Corp (0.79%), Twin Tree Management LP (0.00%) and Renaissance Technologies LLC (0.54%). Insiders that own company stock include Christine S Breves, David B Burritt, Duane D Holloway, James E Bruno, Manpreet Grewal, Michael H Mcgarry, Scott D Buckiso, Stephen J Girsky and Tracy A Atkinson.
View institutional ownership trends
.

How do I buy shares of United States Steel?

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.

What is United States Steel's stock price today?

One share of X stock can currently be purchased for approximately $23.38.

How much money does United States Steel make?

United States Steel (NYSE:X) has a market capitalization of $5.55 billion and generates $20.28 billion in revenue each year. The basic materials company earns $4.17 billion in net income (profit) each year or $17.16 on an earnings per share basis.

How many employees does United States Steel have?

The company employs 24,540 workers across the globe.

How can I contact United States Steel?

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.

This page (NYSE:X) was last updated on 8/17/2022 by MarketBeat.com Staff

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