United States Steel Corporation (X) Price Target Raised to $22.00 at Citigroup Inc.

United States Steel Corporation (NYSE:X) had its price objective raised by Citigroup Inc. from $20.00 to $22.00 in a research report sent to investors on Friday morning. They currently have a sell rating on the basic materials company’s stock.

Other analysts have also recently issued reports about the stock. Standpoint Research upgraded shares of United States Steel Corporation from a hold rating to a buy rating and set a $28.00 price target on the stock in a report on Wednesday, June 7th. They noted that the move was a valuation call. Longbow Research upgraded shares of United States Steel Corporation from a neutral rating to a buy rating in a report on Monday, June 19th. Jefferies Group LLC restated a buy rating on shares of United States Steel Corporation in a report on Friday, June 30th. Deutsche Bank AG upgraded shares of United States Steel Corporation from a hold rating to a buy rating and set a $30.00 price target on the stock in a report on Friday, June 23rd. Finally, Argus raised their price target on shares of United States Steel Corporation to $1.48 and gave the company a buy rating in a report on Friday, July 28th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. The stock has an average rating of Hold and an average target price of $28.52.

Shares of United States Steel Corporation (NYSE X) traded down 2.03% on Friday, reaching $25.09. 12,629,029 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $24.89 and a 200-day moving average price of $26.01. United States Steel Corporation has a 12-month low of $16.17 and a 12-month high of $41.83. The company has a market cap of $4.39 billion, a PE ratio of 158.80 and a beta of 2.88.

United States Steel Corporation (NYSE:X) last released its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.66. United States Steel Corporation had a net margin of 0.24% and a return on equity of 6.50%. The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same period last year, the business earned ($0.32) EPS. The company’s revenue was up 21.7% compared to the same quarter last year. Equities research analysts anticipate that United States Steel Corporation will post $1.74 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Wednesday, August 9th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, August 7th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.80%. United States Steel Corporation’s payout ratio is 125.00%.

In related news, CFO Kevin Bradley purchased 22,835 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were purchased at an average price of $27.62 per share, with a total value of $630,702.70. Following the purchase, the chief financial officer now owns 30,415 shares of the company’s stock, valued at $840,062.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Murry Gerber purchased 4,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was bought at an average cost of $26.89 per share, for a total transaction of $107,560.00. Following the purchase, the director now directly owns 168,457 shares in the company, valued at approximately $4,529,808.73. The disclosure for this purchase can be found here. Insiders have bought a total of 63,597 shares of company stock worth $1,739,292 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. WFG Advisors LP boosted its stake in United States Steel Corporation by 84.3% during the 2nd quarter. WFG Advisors LP now owns 20,400 shares of the basic materials company’s stock worth $452,000 after purchasing an additional 9,333 shares during the last quarter. Toronto Dominion Bank acquired a new stake in United States Steel Corporation during the 2nd quarter worth $294,000. Advisory Services Network LLC boosted its stake in United States Steel Corporation by 21.5% during the 2nd quarter. Advisory Services Network LLC now owns 22,050 shares of the basic materials company’s stock worth $488,000 after purchasing an additional 3,900 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in United States Steel Corporation by 135.5% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 14,600 shares of the basic materials company’s stock worth $323,000 after purchasing an additional 8,400 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in United States Steel Corporation by 12.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 74,283 shares of the basic materials company’s stock worth $1,645,000 after purchasing an additional 8,077 shares during the last quarter. 63.37% of the stock is currently owned by hedge funds and other institutional investors.

United States Steel Corporation Company Profile

United States Steel Corporation is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular).

Analyst Recommendations for United States Steel Corporation (NYSE:X)

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