Jefferies Financial Group Cuts United States Steel (NYSE:X) Price Target to $40.00

United States Steel (NYSE:X) had its price objective reduced by Jefferies Financial Group from $45.00 to $40.00 in a report released on Monday morning,Benzinga reports. They currently have a buy rating on the basic materials company’s stock.

A number of other brokerages also recently weighed in on X. BMO Capital Markets cut their price target on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, December 20th. Glj Research raised United States Steel from a “sell” rating to a “buy” rating and set a $38.57 target price on the stock in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. raised United States Steel from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $40.00 to $42.00 in a report on Monday, September 9th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $41.32.

United States Steel Stock Down 1.7 %

Shares of X opened at $32.74 on Monday. The company has a current ratio of 1.67, a quick ratio of 1.08 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $7.37 billion, a PE ratio of 21.54 and a beta of 1.88. The firm’s 50 day moving average is $36.25 and its 200-day moving average is $37.26. United States Steel has a 12 month low of $26.92 and a 12 month high of $48.85.

United States Steel (NYSE:X) last released its earnings results on Thursday, October 31st. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.15. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.77 billion. United States Steel had a return on equity of 6.01% and a net margin of 2.41%. United States Steel’s quarterly revenue was down 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.36 EPS. Equities research analysts forecast that United States Steel will post 2.17 EPS for the current year.

United States Steel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Monday, November 11th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.61%. United States Steel’s payout ratio is 13.16%.

Institutional Trading of United States Steel

Several institutional investors have recently added to or reduced their stakes in X. Everence Capital Management Inc. bought a new position in shares of United States Steel in the 4th quarter worth about $222,000. GAMMA Investing LLC lifted its stake in United States Steel by 50.0% in the fourth quarter. GAMMA Investing LLC now owns 1,326 shares of the basic materials company’s stock valued at $45,000 after buying an additional 442 shares during the period. B. Riley Wealth Advisors Inc. grew its position in shares of United States Steel by 27.1% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 55,904 shares of the basic materials company’s stock worth $1,963,000 after buying an additional 11,905 shares during the period. Oddo BHF Asset Management Sas bought a new stake in shares of United States Steel in the 3rd quarter valued at $883,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of United States Steel during the 3rd quarter valued at $59,000. 81.92% of the stock is currently owned by institutional investors.

United States Steel Company Profile

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.