Credit Suisse Group reissued their outperform rating on shares of United States Steel Corporation (NYSE:X) in a research note issued to investors on Wednesday morning. The firm currently has a $34.00 target price on the basic materials company’s stock, up from their prior target price of $29.00.

X has been the topic of a number of other reports. Deutsche Bank AG upgraded shares of United States Steel Corporation from a hold rating to a buy rating and set a $30.00 price target on the stock in a research report on Friday, June 23rd. Jefferies Group LLC boosted their price target on shares of United States Steel Corporation from $45.00 to $50.00 and gave the stock a buy rating in a research report on Thursday, March 30th. BidaskClub upgraded shares of United States Steel Corporation from a sell rating to a hold rating in a research report on Wednesday, July 12th. Cowen and Company set a $21.00 price target on shares of United States Steel Corporation and gave the stock a hold rating in a research report on Thursday, June 15th. Finally, Barclays PLC lowered their price target on shares of United States Steel Corporation from $34.00 to $24.00 and set an equal weight rating on the stock in a research report on Thursday, May 4th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $28.20.

Shares of United States Steel Corporation (NYSE X) opened at 22.98 on Wednesday. United States Steel Corporation has a 12 month low of $15.72 and a 12 month high of $41.83. The stock has a market capitalization of $4.02 billion, a PE ratio of 145.44 and a beta of 2.88. The stock’s 50 day moving average is $22.49 and its 200 day moving average is $28.52.

United States Steel Corporation (NYSE:X) last posted its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.66. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $2.98 billion. United States Steel Corporation had a net margin of 0.24% and a return on equity of 6.50%. United States Steel Corporation’s quarterly revenue was up 21.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.32) earnings per share. Analysts anticipate that United States Steel Corporation will post $1.46 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Wednesday, August 9th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Monday, August 7th. United States Steel Corporation’s dividend payout ratio (DPR) is 125.00%.

In other United States Steel Corporation news, Director David Sutherland bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The shares were purchased at an average cost of $19.96 per share, with a total value of $199,600.00. Following the purchase, the director now directly owns 98,919 shares in the company, valued at $1,974,423.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Anthony Mascarenas bought 1,500 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were acquired at an average cost of $19.31 per share, for a total transaction of $28,965.00. Following the completion of the purchase, the director now owns 12,377 shares in the company, valued at $238,999.87. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 14,000 shares of company stock worth $278,415. 1.00% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in X. Teachers Advisors LLC increased its stake in shares of United States Steel Corporation by 80.3% in the fourth quarter. Teachers Advisors LLC now owns 1,674,060 shares of the basic materials company’s stock valued at $55,261,000 after buying an additional 745,669 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in shares of United States Steel Corporation during the fourth quarter valued at $15,843,000. Capstone Asset Management Co. increased its stake in shares of United States Steel Corporation by 6.1% in the first quarter. Capstone Asset Management Co. now owns 14,831 shares of the basic materials company’s stock valued at $501,000 after buying an additional 850 shares during the last quarter. Winslow Evans & Crocker Inc. acquired a new stake in shares of United States Steel Corporation during the first quarter valued at $283,000. Finally, Louisiana State Employees Retirement System increased its stake in shares of United States Steel Corporation by 3.3% in the first quarter. Louisiana State Employees Retirement System now owns 44,000 shares of the basic materials company’s stock valued at $1,488,000 after buying an additional 1,400 shares during the last quarter. 67.18% of the stock is currently owned by hedge funds and other institutional investors.

About United States Steel Corporation

United States Steel Corporation 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).

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

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