United States Steel Corporation (X) Given Market Perform Rating at BMO Capital Markets

BMO Capital Markets reiterated their market perform rating on shares of United States Steel Corporation (NYSE:X) in a research report released on Friday, September 8th.

A number of other equities analysts also recently issued reports on X. Barclays PLC reaffirmed an equal weight rating and set a $25.00 price target (up from $24.00) on shares of United States Steel Corporation in a research report on Wednesday, August 9th. Longbow Research downgraded United States Steel Corporation from a buy rating to a neutral rating in a research report on Thursday, July 27th. J P Morgan Chase & Co reaffirmed an overweight rating and set a $51.00 price target on shares of United States Steel Corporation in a research report on Thursday, July 27th. Cowen and Company upped their price target on United States Steel Corporation from $21.00 to $24.00 and gave the stock a market perform rating in a research report on Thursday, July 27th. Finally, Axiom Securities reaffirmed a sell rating and set a $14.00 price target on shares of United States Steel Corporation in a research report on Wednesday, June 14th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of $28.52.

Shares of United States Steel Corporation (NYSE X) opened at 25.09 on Friday. United States Steel Corporation has a 52 week low of $16.17 and a 52 week high of $41.83. The firm’s 50-day moving average price is $24.89 and its 200 day moving average price is $26.01. The stock has a market capitalization of $4.39 billion, a P/E ratio of 158.80 and a beta of 2.88.

United States Steel Corporation (NYSE:X) last issued its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.66. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $2.98 billion. United States Steel Corporation had a net margin of 0.24% and a return on equity of 6.50%. United States Steel Corporation’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. Analysts expect that United States Steel Corporation will post $1.74 earnings per share for the current year.

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The company also recently announced 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. This represents a $0.20 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Monday, August 7th. United States Steel Corporation’s payout ratio is currently 125.00%.

In other news, Director Murry Gerber bought 4,000 shares of the stock in a transaction dated Friday, September 1st. The shares were acquired at an average cost of $26.89 per share, with a total value 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Kevin Bradley bought 22,835 shares of the stock in a transaction dated Wednesday, September 6th. The shares were purchased at an average cost of $27.62 per share, for a total transaction of $630,702.70. Following the completion of the purchase, the chief financial officer now owns 30,415 shares in the company, valued at $840,062.30. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 63,597 shares of company stock worth $1,739,292. Corporate insiders own 1.00% of the company’s stock.

Several hedge funds have recently bought and sold shares of X. Northwestern Mutual Wealth Management Co. boosted its stake in shares of United States Steel Corporation by 1,971.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,315 shares of the basic materials company’s stock worth $112,000 after acquiring an additional 3,155 shares in the last quarter. Global X Management Co. LLC raised its position in shares of United States Steel Corporation by 221.0% during the 2nd quarter. Global X Management Co. LLC now owns 5,473 shares of the basic materials company’s stock worth $121,000 after purchasing an additional 3,768 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of United States Steel Corporation by 10.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the basic materials company’s stock worth $154,000 after purchasing an additional 674 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of United States Steel Corporation during the 1st quarter worth about $209,000. Finally, Sigma Planning Corp raised its position in shares of United States Steel Corporation by 21.3% during the 2nd quarter. Sigma Planning Corp now owns 9,662 shares of the basic materials company’s stock worth $214,000 after purchasing an additional 1,696 shares during the last quarter. 63.37% of the stock is currently owned by institutional investors and hedge funds.

About United States Steel Corporation

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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