Several brokerages have updated their recommendations and price targets on shares of United States Steel (NYSE: X) in the last few weeks:
- 4/29/2024 – United States Steel is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
- 4/21/2024 – United States Steel is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
- 4/13/2024 – United States Steel is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
- 4/9/2024 – United States Steel was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating. They now have a $46.00 price target on the stock.
- 4/5/2024 – United States Steel is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
- 3/28/2024 – United States Steel is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
- 3/20/2024 – United States Steel is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
- 3/19/2024 – United States Steel had its price target lowered by analysts at BMO Capital Markets from $55.00 to $45.00. They now have a “market perform” rating on the stock.
- 3/12/2024 – United States Steel is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
- 3/4/2024 – United States Steel is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
United States Steel Stock Down 1.2 %
X traded down $0.44 during trading on Monday, hitting $36.98. The company had a trading volume of 2,431,656 shares, compared to its average volume of 4,636,803. The company has a market capitalization of $8.31 billion, a PE ratio of 10.54 and a beta of 2.01. United States Steel Co. has a one year low of $20.40 and a one year high of $50.20. The firm’s 50-day moving average price is $42.44 and its 200 day moving average price is $41.45. The company has a quick ratio of 1.22, a current ratio of 1.76 and a debt-to-equity ratio of 0.37.
United States Steel (NYSE:X – Get Free Report) last posted its quarterly earnings data 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 business had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the previous year, the firm posted $0.87 EPS. The firm’s revenue was down 4.5% compared to the same quarter last year. As a group, equities analysts expect that United States Steel Co. will post 2.99 earnings per share for the current year.
United States Steel Dividend Announcement
Institutional Investors Weigh In On United States Steel
A number of institutional investors and hedge funds have recently modified their holdings of X. Byrne Asset Management LLC raised its holdings in shares of United States Steel by 1,140.0% in the 1st quarter. Byrne Asset Management LLC now owns 620 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 570 shares during the period. Pacific Capital Wealth Advisors Inc. acquired a new stake in United States Steel during the fourth quarter worth approximately $25,000. Riverview Trust Co acquired a new stake in United States Steel during the first quarter worth approximately $29,000. Wolff Wiese Magana LLC lifted its position in United States Steel by 181.4% during the third quarter. Wolff Wiese Magana LLC now owns 985 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 635 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new stake in United States Steel during the fourth quarter worth approximately $33,000. 81.92% of the stock is owned by institutional investors.
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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