United States Steel Corporation (NYSE:X) was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating in a report issued on Thursday. They currently have a $32.95 price objective on the stock. Vetr‘s price target indicates a potential downside of 15.75% from the company’s current price.

X has been the subject of a number of other research reports. Rosenblatt Securities cut shares of United States Steel Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, November 21st. They noted that the move was a valuation call. Axiom Securities reaffirmed a “sell” rating on shares of United States Steel Corporation in a report on Tuesday, December 27th. Jefferies Group LLC raised shares of United States Steel Corporation from a “hold” rating to a “buy” rating and raised their price target for the stock from $17.50 to $26.00 in a report on Wednesday, November 9th. Barclays PLC raised their price target on shares of United States Steel Corporation from $29.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, February 6th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of United States Steel Corporation in a report on Wednesday, December 7th. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $28.50.

Analyst Recommendations for United States Steel Corporation (NYSE:X)

Shares of United States Steel Corporation (NYSE:X) traded down 0.79% during trading on Thursday, reaching $39.11. 14,450,559 shares of the company were exchanged. The firm’s market capitalization is $6.77 billion. United States Steel Corporation has a 1-year low of $7.22 and a 1-year high of $40.45. The company’s 50-day moving average is $34.74 and its 200 day moving average is $26.57.

United States Steel Corporation (NYSE:X) last issued its earnings results on Tuesday, January 31st. The company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.26. United States Steel Corporation had a negative net margin of 4.29% and a negative return on equity of 11.36%. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the prior year, the firm earned ($0.23) EPS. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities research analysts expect that United States Steel Corporation will post $2.62 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Friday, February 10th will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, February 8th. This represents a $0.20 annualized dividend and a yield of 0.51%. United States Steel Corporation’s dividend payout ratio is presently -6.83%.

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In related news, VP Sara A. Greenstein sold 2,128 shares of the firm’s stock in a transaction on Wednesday, December 7th. The shares were sold at an average price of $35.34, for a total transaction of $75,203.52. Following the sale, the vice president now owns 46,469 shares in the company, valued at $1,642,214.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Mario Longhi Filho sold 277,200 shares of the firm’s stock in a transaction on Monday, November 28th. The shares were sold at an average price of $32.25, for a total transaction of $8,939,700.00. Following the sale, the chief executive officer now owns 492,276 shares in the company, valued at approximately $15,875,901. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 402,676 shares of company stock worth $13,178,815. 1.31% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors raised its stake in United States Steel Corporation by 19.8% in the third quarter. BlackRock Fund Advisors now owns 6,193,405 shares of the company’s stock valued at $116,808,000 after buying an additional 1,025,132 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of United States Steel Corporation by 68.8% in the fourth quarter. Renaissance Technologies LLC now owns 5,655,000 shares of the company’s stock valued at $186,672,000 after buying an additional 2,305,300 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of United States Steel Corporation by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,710,071 shares of the company’s stock valued at $155,500,000 after buying an additional 161,647 shares during the period. Anchor Bolt Capital LP raised its stake in shares of United States Steel Corporation by 473.2% in the second quarter. Anchor Bolt Capital LP now owns 4,694,947 shares of the company’s stock valued at $79,157,000 after buying an additional 3,875,834 shares during the period. Finally, United States Steel & Carnegie Pension Fund bought a new stake in shares of United States Steel Corporation during the third quarter valued at about $70,982,000. Institutional investors own 77.18% of the company’s stock.

United States Steel Corporation Company Profile

United States Steel Corporation (U. S. Steel) is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular).

5 Day Chart for NYSE:X

To view Vetr’s full report, visit Vetr’s official website.

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