United States Steel Corporation (NYSE:X) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Thursday.
X has been the topic of several other research reports. Jefferies Group LLC restated a “buy” rating and issued a $32.00 price target on shares of United States Steel Corporation in a report on Thursday, August 31st. BidaskClub upgraded shares of United States Steel Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Bank of America Corporation upgraded shares of United States Steel Corporation from a “neutral” rating to a “buy” rating and raised their price target for the company from $29.00 to $31.00 in a report on Tuesday, September 5th. Cowen and Company restated a “hold” rating and issued a $24.00 price target on shares of United States Steel Corporation in a report on Friday, September 1st. Finally, BMO Capital Markets raised their price target on shares of United States Steel Corporation from $29.00 to $33.00 and gave the company a “market perform” rating in a report on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. United States Steel Corporation currently has an average rating of “Hold” and a consensus target price of $29.34.
United States Steel Corporation (NYSE X) opened at $27.46 on Thursday. The firm has a market cap of $4,830.00, a PE ratio of 19.07 and a beta of 2.96. United States Steel Corporation has a 1-year low of $18.55 and a 1-year high of $41.83. The company has a current ratio of 1.89, a quick ratio of 1.23 and a debt-to-equity ratio of 1.03.
United States Steel Corporation (NYSE:X) last announced its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.25. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.07 billion. United States Steel Corporation had a net margin of 1.05% and a return on equity of 10.27%. The company’s revenue was up 20.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 EPS. research analysts anticipate that United States Steel Corporation will post 1.8 earnings per share for the current year.
ILLEGAL ACTIVITY WARNING: “United States Steel Corporation (X) Stock Rating Lowered by ValuEngine” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://ledgergazette.com/2017/11/11/united-states-steel-corporation-x-stock-rating-lowered-by-valuengine.html.
In related news, Director Murry Gerber purchased 4,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was acquired at an average price of $26.89 per share, with a total value of $107,560.00. Following the completion of the transaction, the director now owns 168,457 shares of the company’s stock, valued at $4,529,808.73. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kevin Bradley acquired 36,762 shares of United States Steel Corporation stock in a transaction that occurred on Friday, September 8th. The shares were purchased at an average price of $27.23 per share, for a total transaction of $1,001,029.26. Following the completion of the purchase, the chief financial officer now directly owns 30,415 shares of the company’s stock, valued at $828,200.45. The disclosure for this purchase can be found here. Insiders have bought 64,597 shares of company stock valued at $1,764,452 in the last three months. Corporate insiders own 1.00% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in X. Wellington Management Group LLP lifted its stake in United States Steel Corporation by 68.1% during the first quarter. Wellington Management Group LLP now owns 100,528 shares of the basic materials company’s stock worth $3,399,000 after purchasing an additional 40,708 shares during the last quarter. FMR LLC bought a new position in United States Steel Corporation during the first quarter worth $9,639,000. Capstone Asset Management Co. lifted its stake in United States Steel Corporation by 3.6% during the second quarter. Capstone Asset Management Co. now owns 15,371 shares of the basic materials company’s stock worth $340,000 after purchasing an additional 540 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in United States Steel Corporation by 4.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 63,108 shares of the basic materials company’s stock worth $1,397,000 after purchasing an additional 2,662 shares during the last quarter. Finally, P.R. Herzig & Co. Inc. bought a new position in United States Steel Corporation during the second quarter worth $292,000. Hedge funds and other institutional investors own 62.56% of the company’s stock.
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).
Receive News & Ratings for United States Steel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Steel Corporation and related companies with MarketBeat.com's FREE daily email newsletter.