BMO Capital Markets Trims United States Steel (NYSE:X) Target Price to $45.00

United States Steel (NYSE:XGet Free Report) had its price objective lowered by BMO Capital Markets from $55.00 to $45.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “market perform” rating on the basic materials company’s stock. BMO Capital Markets’ target price would indicate a potential upside of 15.77% from the company’s previous close.

X has been the subject of several other research reports. JPMorgan Chase & Co. initiated coverage on shares of United States Steel in a report on Friday, January 12th. They set a “neutral” rating and a $52.00 target price for the company. Morgan Stanley cut shares of United States Steel from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $40.00 to $51.00 in a research note on Thursday, February 15th. Finally, StockNews.com initiated coverage on shares of United States Steel in a research note on Tuesday, March 12th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $34.89.

Check Out Our Latest Stock Analysis on United States Steel

United States Steel Stock Up 0.1 %

Shares of NYSE:X opened at $38.87 on Tuesday. United States Steel has a 52 week low of $20.40 and a 52 week high of $50.20. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.22 and a current ratio of 1.76. The company has a market capitalization of $8.70 billion, a PE ratio of 11.07 and a beta of 2.02. The company has a 50 day moving average price of $46.44 and a two-hundred day moving average price of $39.72.

United States Steel (NYSE:XGet Free Report) last issued its earnings results on Friday, February 2nd. The basic materials company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.21 by $0.46. United States Steel had a net margin of 4.96% and a return on equity of 10.80%. The firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the prior year, the firm earned $0.87 earnings per share. The business’s quarterly revenue was down 4.5% on a year-over-year basis. Analysts forecast that United States Steel will post 3.19 earnings per share for the current year.

Hedge Funds Weigh In On United States Steel

Several hedge funds have recently bought and sold shares of X. SummerHaven Investment Management LLC boosted its stake in United States Steel by 0.9% during the fourth quarter. SummerHaven Investment Management LLC now owns 29,928 shares of the basic materials company’s stock worth $1,456,000 after acquiring an additional 278 shares in the last quarter. Orion Portfolio Solutions LLC raised its holdings in United States Steel by 4.6% during the fourth quarter. Orion Portfolio Solutions LLC now owns 6,552 shares of the basic materials company’s stock worth $318,000 after buying an additional 290 shares during the last quarter. Parallel Advisors LLC raised its holdings in United States Steel by 28.7% during the fourth quarter. Parallel Advisors LLC now owns 1,363 shares of the basic materials company’s stock worth $66,000 after buying an additional 304 shares during the last quarter. D.A. Davidson & CO. raised its holdings in United States Steel by 0.9% during the third quarter. D.A. Davidson & CO. now owns 32,770 shares of the basic materials company’s stock worth $1,064,000 after buying an additional 307 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in United States Steel by 18.5% during the fourth quarter. Quadrant Capital Group LLC now owns 2,004 shares of the basic materials company’s stock worth $97,000 after buying an additional 313 shares during the last quarter. 74.60% of the stock is owned by institutional investors.

United States Steel Company Profile

(Get Free Report)

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.

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Analyst Recommendations for United States Steel (NYSE:X)

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