J P Morgan Chase & Co restated their overweight rating on shares of United States Steel Corporation (NYSE:X) in a research report report published on Thursday. They currently have a $51.00 price objective on the basic materials company’s stock.

A number of other research analysts have also weighed in on X. Jefferies Group LLC raised their target price on United States Steel Corporation from $45.00 to $50.00 and gave the company a buy rating in a report on Thursday, March 30th. Cowen and Company restated an outperform rating and issued a $60.00 target price on shares of United States Steel Corporation in a report on Monday, April 3rd. Vetr downgraded United States Steel Corporation from a strong-buy rating to a buy rating and set a $38.38 price target for the company. in a research report on Tuesday, April 11th. Longbow Research initiated coverage on United States Steel Corporation in a research report on Wednesday, April 12th. They set a neutral rating for the company. Finally, Macquarie raised United States Steel Corporation from an underperform rating to a neutral rating and increased their price target for the company from $23.00 to $30.00 in a research report on Monday, April 24th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $27.31.

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

United States Steel Corporation (NYSE:X) last posted its earnings results on Tuesday, July 25th. The basic materials company reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.66. United States Steel Corporation had a return on equity of 6.50% and a net margin of 0.24%. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the company earned ($0.32) earnings per share. The company’s revenue for the quarter was up 21.7% on a year-over-year basis. On average, equities 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 given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Monday, August 7th. United States Steel Corporation’s dividend payout ratio (DPR) is presently 125.00%.

In related news, Director Paul Anthony Mascarenas purchased 1,500 shares of United States Steel Corporation stock in a transaction dated Thursday, May 18th. The stock was bought at an average cost of $19.31 per share, for a total transaction of $28,965.00. Following the completion of the transaction, the director now owns 12,377 shares in the company, valued at $238,999.87. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Sutherland purchased 10,000 shares of United States Steel Corporation stock in a transaction dated Friday, May 12th. The stock was bought at an average price of $19.96 per share, with a total value of $199,600.00. Following the completion of the transaction, the director now owns 98,919 shares of the company’s stock, valued at approximately $1,974,423.24. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 14,000 shares of company stock valued at $278,415. 1.00% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in X. IFP Advisors Inc raised its stake in United States Steel Corporation by 8.2% in the first quarter. IFP Advisors Inc now owns 15,646 shares of the basic materials company’s stock valued at $529,000 after buying an additional 1,192 shares in the last quarter. Nikko Asset Management Americas Inc. raised its stake in United States Steel Corporation by 36.4% in the first quarter. Nikko Asset Management Americas Inc. now owns 207,100 shares of the basic materials company’s stock valued at $7,002,000 after buying an additional 55,300 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in United States Steel Corporation by 251.6% in the first quarter. Janney Montgomery Scott LLC now owns 34,099 shares of the basic materials company’s stock valued at $1,153,000 after buying an additional 24,401 shares in the last quarter. Glen Harbor Capital Management LLC raised its stake in United States Steel Corporation by 571.1% in the first quarter. Glen Harbor Capital Management LLC now owns 28,992 shares of the basic materials company’s stock valued at $980,000 after buying an additional 24,672 shares in the last quarter. Finally, Sigma Planning Corp acquired a new stake in United States Steel Corporation during the first quarter valued at about $269,000. Institutional investors own 67.18% of the company’s stock.

United States Steel Corporation Company Profile

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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