Research Analysts’ Weekly Ratings Changes for United States Steel (X)

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) 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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Monday, February 12th were given a dividend of $0.05 per share. The ex-dividend date was Friday, February 9th. This represents a $0.20 annualized dividend and a yield of 0.54%. United States Steel’s dividend payout ratio (DPR) is presently 5.70%.

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.