United States Steel Co. (NYSE:X) Receives Consensus Rating of “Hold” from Analysts

United States Steel Co. (NYSE:X) has received a consensus rating of “Hold” from the nineteen brokerages that are currently covering the stock, Marketbeat.com reports. Nine investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $10.36.

X has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of United States Steel from a “hold” rating to a “sell” rating and set a $11.00 target price for the company. in a research note on Saturday, January 25th. Goldman Sachs Group initiated coverage on shares of United States Steel in a research note on Tuesday, January 14th. They issued a “sell” rating and a $9.00 target price for the company. Argus cut shares of United States Steel from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Cowen cut their target price on shares of United States Steel from $11.00 to $10.00 and set a “market perform” rating for the company in a research note on Thursday, January 30th. Finally, Deutsche Bank initiated coverage on shares of United States Steel in a research note on Thursday, December 5th. They issued a “buy” rating for the company.

X traded down $0.18 during midday trading on Friday, reaching $8.79. 19,303,558 shares of the company’s stock were exchanged. United States Steel has a one year low of $8.69 and a one year high of $24.74. The business has a 50-day simple moving average of $10.05 and a two-hundred day simple moving average of $11.73.

United States Steel (NYSE:X) last announced its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.64) EPS for the quarter, topping analysts’ consensus estimates of ($1.11) by $0.47. The business had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.77 billion. The firm’s revenue for the quarter was down 23.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.82 EPS. Equities research analysts expect that United States Steel will post -1.49 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 10th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Friday, February 7th.

Hedge funds have recently made changes to their positions in the company. Howe & Rusling Inc. acquired a new position in shares of United States Steel in the 3rd quarter valued at $29,000. Clear Harbor Asset Management LLC bought a new stake in United States Steel in the 4th quarter valued at $34,000. Quadrant Capital Group LLC lifted its position in United States Steel by 92.1% in the 3rd quarter. Quadrant Capital Group LLC now owns 4,156 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 1,993 shares in the last quarter. Global Retirement Partners LLC lifted its position in United States Steel by 150.0% in the 4th quarter. Global Retirement Partners LLC now owns 5,000 shares of the basic materials company’s stock valued at $57,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Coastal Investment Advisors Inc. lifted its position in United States Steel by 38.4% in the 3rd quarter. Coastal Investment Advisors Inc. now owns 7,904 shares of the basic materials company’s stock valued at $93,000 after acquiring an additional 2,193 shares in the last quarter. 70.55% of the stock is owned by institutional investors.

About United States Steel

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

See Also: Closed-End Mutual Funds

Analyst Recommendations for United States Steel (NYSE:X)

Receive News & Ratings for United States Steel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Steel and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit