United States Steel Corporation (NYSE:X) had its price target increased by Argus to $1.48 in a research note issued to investors on Friday, The Fly reports. They currently have a buy rating on the basic materials company’s stock.

Other research analysts have also recently issued research reports about the company. Citigroup Inc. cut United States Steel Corporation from a neutral rating to a sell rating and decreased their price target for the stock from $26.00 to $20.00 in a research report on Friday. Morgan Stanley reaffirmed a buy rating and issued a $34.00 price objective (down from $48.00) on shares of United States Steel Corporation in a research note on Monday, May 1st. Zacks Investment Research lowered United States Steel Corporation from a hold rating to a strong sell rating in a research note on Tuesday, May 23rd. Axiom Securities reaffirmed a sell rating on shares of United States Steel Corporation in a research note on Thursday, July 13th. Finally, Jefferies Group LLC reduced their price objective on United States Steel Corporation from $50.00 to $29.00 and set a buy rating on the stock in a research note on Wednesday, May 3rd. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $27.31.

Shares of United States Steel Corporation (NYSE X) opened at 23.49 on Friday. The firm has a market cap of $4.11 billion, a P/E ratio of 148.67 and a beta of 2.88. The stock has a 50 day moving average of $22.54 and a 200 day moving average of $28.35. United States Steel Corporation has a 52 week low of $15.72 and a 52 week high of $41.83.

United States Steel Corporation (NYSE:X) last issued its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $1.07 EPS for the quarter, topping 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 analysts’ expectations of $2.98 billion. During the same quarter last year, the business earned ($0.32) earnings per share. United States Steel Corporation’s revenue was up 21.7% on a year-over-year basis. 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 disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Wednesday, August 9th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, August 7th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.85%. United States Steel Corporation’s dividend payout ratio (DPR) is 125.00%.

In related news, Director Stephen J. Girsky acquired 2,500 shares of the stock in a transaction dated Tuesday, May 16th. The stock was bought at an average cost of $19.94 per share, for a total transaction of $49,850.00. Following the completion of the transaction, the director now directly owns 21,872 shares of the company’s stock, valued at $436,127.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Anthony Mascarenas acquired 1,500 shares of the stock in a transaction dated Thursday, May 18th. The shares were bought at an average price of $19.31 per share, with a total value of $28,965.00. Following the completion of the transaction, the director now directly owns 12,377 shares of the company’s stock, valued at $238,999.87. The disclosure for this purchase can be found here. Insiders have bought 14,000 shares of company stock valued at $278,415 over the last 90 days. 1.00% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of the company. Tudor Investment Corp ET AL increased its position in shares of United States Steel Corporation by 160.8% in the first quarter. Tudor Investment Corp ET AL now owns 30,407 shares of the basic materials company’s stock worth $1,028,000 after buying an additional 80,407 shares during the period. Scopus Asset Management L.P. increased its position in shares of United States Steel Corporation by 203.3% in the first quarter. Scopus Asset Management L.P. now owns 206,600 shares of the basic materials company’s stock worth $6,985,000 after buying an additional 406,600 shares during the period. BlackRock Inc. increased its position in shares of United States Steel Corporation by 12,021.7% in the first quarter. BlackRock Inc. now owns 14,279,755 shares of the basic materials company’s stock worth $482,799,000 after buying an additional 14,161,952 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of United States Steel Corporation by 1,971.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,315 shares of the basic materials company’s stock worth $112,000 after buying an additional 3,155 shares during the period. Finally, Private Advisor Group LLC increased its position in shares of United States Steel Corporation by 14.0% in the first quarter. Private Advisor Group LLC now owns 18,040 shares of the basic materials company’s stock worth $589,000 after buying an additional 2,221 shares during the period. Institutional investors own 67.56% of the company’s stock.

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).

The Fly

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

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