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.
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.
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