United States Steel (NYSE:X) was downgraded by investment analysts at Bank of America from a “buy” rating to an “underperform” rating in a report issued on Thursday, The Fly reports. They presently have a $18.00 target price on the basic materials company’s stock, down from their previous target price of $31.00. Bank of America‘s price target points to a potential upside of 6.70% from the stock’s previous close.

A number of other research analysts have also issued reports on X. Credit Suisse Group lowered United States Steel from an “outperform” rating to a “neutral” rating in a report on Tuesday, January 8th. Argus decreased their price target on United States Steel from $30.00 to $6.00 and set a “buy” rating for the company in a report on Friday, February 1st. They noted that the move was a valuation call. TheStreet downgraded United States Steel from a “b-” rating to a “c+” rating in a report on Tuesday, January 8th. Citigroup downgraded United States Steel from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $40.00 to $23.00 in a report on Wednesday, January 9th. Finally, Zacks Investment Research raised United States Steel from a “strong sell” rating to a “hold” rating in a report on Thursday, April 4th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. United States Steel has a consensus rating of “Hold” and a consensus price target of $23.81.

X stock traded down $0.38 during midday trading on Thursday, hitting $16.87. 7,542,044 shares of the company’s stock were exchanged, compared to its average volume of 9,115,534. The company has a quick ratio of 0.86, a current ratio of 1.51 and a debt-to-equity ratio of 0.55. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 3.15, a price-to-earnings-growth ratio of 0.97 and a beta of 2.84. United States Steel has a 1-year low of $17.08 and a 1-year high of $39.23.

United States Steel (NYSE:X) last posted its earnings results on Wednesday, January 30th. The basic materials company reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($0.01). United States Steel had a return on equity of 25.39% and a net margin of 7.86%. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period last year, the business earned $0.76 EPS. United States Steel’s revenue was up 17.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that United States Steel will post 2.3 EPS for the current year.

In related news, CFO Kevin Bradley bought 10,000 shares of United States Steel stock in a transaction that occurred on Friday, February 15th. The shares were purchased at an average price of $22.79 per share, with a total value of $227,900.00. Following the purchase, the chief financial officer now owns 122,830 shares in the company, valued at $2,799,295.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Institutional investors have recently modified their holdings of the business. We Are One Seven LLC acquired a new stake in United States Steel in the 4th quarter valued at $25,000. Quantamental Technologies LLC acquired a new stake in shares of United States Steel during the fourth quarter valued at about $33,000. Rational Advisors LLC grew its stake in shares of United States Steel by 999.7% during the fourth quarter. Rational Advisors LLC now owns 3,453 shares of the basic materials company’s stock valued at $63,000 after acquiring an additional 3,139 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of United States Steel by 1,747.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,290,225 shares of the basic materials company’s stock valued at $71,000 after acquiring an additional 1,220,388 shares in the last quarter. Finally, Destination Wealth Management acquired a new stake in shares of United States Steel during the fourth quarter valued at about $84,000. 69.76% of the stock is currently owned by institutional investors.

United States Steel Company Profile

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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Analyst Recommendations for United States Steel (NYSE:X)

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