Brokerages Set United States Steel Co. (NYSE:X) Target Price at $41.07

United States Steel Co. (NYSE:X) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $41.07.

A number of equities analysts recently commented on X shares. Bank of America started coverage on United States Steel in a research note on Monday, January 6th. They set a “neutral” rating and a $35.00 price target for the company. JPMorgan Chase & Co. decreased their price objective on United States Steel from $44.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Jefferies Financial Group decreased their price objective on United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, BMO Capital Markets decreased their price objective on United States Steel from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, December 20th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in X. Empirical Asset Management LLC purchased a new position in United States Steel during the 4th quarter worth $525,000. ARS Investment Partners LLC purchased a new position in United States Steel during the 4th quarter worth $15,510,000. Rockefeller Capital Management L.P. lifted its position in United States Steel by 646.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 506,694 shares of the basic materials company’s stock worth $17,902,000 after acquiring an additional 438,771 shares during the period. Geode Capital Management LLC lifted its position in United States Steel by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,839,684 shares of the basic materials company’s stock worth $135,691,000 after acquiring an additional 37,528 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in United States Steel by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,600,708 shares of the basic materials company’s stock worth $91,883,000 after acquiring an additional 28,293 shares during the period. 81.92% of the stock is currently owned by hedge funds and other institutional investors.

United States Steel Stock Performance

NYSE:X opened at $37.43 on Monday. The firm has a market capitalization of $8.43 billion, a PE ratio of 24.62 and a beta of 1.88. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.08 and a current ratio of 1.67. The stock has a 50-day simple moving average of $35.45 and a two-hundred day simple moving average of $37.12. United States Steel has a 52-week low of $26.92 and a 52-week high of $48.61.

United States Steel (NYSE:X) last released its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. The firm had revenue of $3.85 billion during 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%. The business’s quarterly revenue was down 13.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.36 earnings per share. Analysts forecast that United States Steel will post 1.78 EPS for the current year.

United States Steel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Monday, November 11th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Friday, November 8th. United States Steel’s dividend payout ratio (DPR) is presently 13.16%.

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.