United States Steel Corporation (X)

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(NYSE:X) Given Consensus Rating of “Hold” by Analysts
Posted by Jared Coughlin on Sep 14th, 2016 //
Shares of United States Steel Corp. (NYSE:X) have been given a consensus rating of “Hold” by the twenty-two brokerages that are currently covering the company. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $21.91.

Several research firms have recently commented on X. Morgan Stanley reissued a “hold” rating and issued a $19.00 target price on shares of United States Steel Corp. in a report on Thursday, July 28th. Axiom Securities reissued a “sell” rating on shares of United States Steel Corp. in a report on Monday, May 23rd. Zacks Investment Research downgraded shares of United States Steel Corp. from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Barclays PLC reissued an “equal weight” rating and issued a $16.00 target price (up previously from $15.00) on shares of United States Steel Corp. in a report on Tuesday, July 12th. Finally, Vetr raised shares of United States Steel Corp. from a “strong sell” rating to a “sell” rating and set a $21.70 target price on the stock in a report on Tuesday, August 9th.

Shares of United States Steel Corp. (NYSE:X) traded down 0.49% during midday trading on Wednesday, reaching $16.27. 11,031,318 shares of the company’s stock were exchanged. United States Steel Corp. has a 12-month low of $6.15 and a 12-month high of $27.64. The firm has a 50-day moving average of $21.86 and a 200-day moving average of $18.02. The stock’s market capitalization is $2.39 billion.




United States Steel Corp. (NYSE:X) last issued its quarterly earnings results on Tuesday, July 26th. The company reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.49) by $0.18. United States Steel Corp. had a negative net margin of 15.09% and a negative return on equity of 20.96%. The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the previous year, the firm earned ($0.79) earnings per share. The company’s revenue for the quarter was down 10.9% on a year-over-year basis. Analysts anticipate that United States Steel Corp. will post ($0.72) EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 10th. Investors of record on Wednesday, August 10th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Monday, August 8th. United States Steel Corp.’s dividend payout ratio (DPR) is presently -1.88%.

A number of hedge funds have recently added to or reduced their stakes in the company. Amerigo Asset Management purchased a new stake in United States Steel Corp. during the first quarter valued at approximately $70,399,000. Anchor Bolt Capital LP raised its stake in United States Steel Corp. by 473.2% in the second quarter. Anchor Bolt Capital LP now owns 4,694,947 shares of the company’s stock valued at $79,157,000 after buying an additional 3,875,834 shares during the last quarter. Adage Capital Partners GP L.L.C. purchased a new stake in United States Steel Corp. during the first quarter valued at approximately $41,730,000. Allianz Asset Management AG raised its stake in United States Steel Corp. by 361.3% in the second quarter. Allianz Asset Management AG now owns 2,795,482 shares of the company’s stock valued at $47,132,000 after buying an additional 2,189,432 shares during the last quarter. Finally, Impala Asset Management LLC raised its stake in United States Steel Corp. by 192.5% in the second quarter. Impala Asset Management LLC now owns 2,854,325 shares of the company’s stock valued at $48,124,000 after buying an additional 1,878,547 shares during the last quarter. 63.56% of the stock is owned by institutional investors.

United States Steel Corp. Company Profile

United States Steel Corporation (U. S. Steel) 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).

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