ValuEngine downgraded shares of United States Steel Corporation (NYSE:X) from a buy rating to a hold rating in a report published on Thursday.

Several other research analysts have also recently issued reports on the stock. Bank of America Corporation upgraded shares of United States Steel Corporation from a neutral rating to a buy rating and upped their target price for the company from $29.00 to $31.00 in a report on Tuesday, September 5th. Argus upped their target price on shares of United States Steel Corporation to $1.48 and gave the company a buy rating in a report on Friday, July 28th. Jefferies Group LLC restated a buy rating and issued a $32.00 target price on shares of United States Steel Corporation in a report on Thursday, August 31st. BidaskClub upgraded shares of United States Steel Corporation from a sell rating to a hold rating in a report on Wednesday, July 12th. Finally, Cowen and Company restated a hold rating and issued a $24.00 target price on shares of United States Steel Corporation in a report on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $29.34.

United States Steel Corporation (X) opened at $27.46 on Thursday. The company has a current ratio of 1.89, a quick ratio of 1.23 and a debt-to-equity ratio of 1.03. United States Steel Corporation has a twelve month low of $18.55 and a twelve month high of $41.83. The company has a market cap of $4,806.21, a P/E ratio of 19.21 and a beta of 2.96.

United States Steel Corporation (NYSE:X) last posted its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.67 by $0.25. United States Steel Corporation had a net margin of 1.05% and a return on equity of 10.27%. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter in the previous year, the business posted $0.40 EPS. The firm’s revenue was up 20.9% on a year-over-year basis. equities analysts forecast that United States Steel Corporation will post 1.8 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “United States Steel Corporation (X) Cut to “Hold” at ValuEngine” was first reported by Watch List News and is the property of of Watch List News. If you are viewing this article on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.watchlistnews.com/united-states-steel-corporation-x-cut-to-hold-at-valuengine/1697982.html.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 10th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.20 annualized dividend and a dividend yield of 0.73%. United States Steel Corporation’s dividend payout ratio is currently 29.85%.

In related news, Director Eugene Sperling bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were acquired at an average cost of $25.16 per share, with a total value of $25,160.00. Following the completion of the transaction, the director now owns 3,009 shares of the company’s stock, valued at $75,706.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Murry Gerber bought 4,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was bought at an average cost of $26.89 per share, for a total transaction of $107,560.00. Following the completion of the transaction, the director now directly owns 168,457 shares of the company’s stock, valued at approximately $4,529,808.73. The disclosure for this purchase can be found here. Insiders have acquired a total of 64,597 shares of company stock worth $1,764,452 over the last ninety days. 1.00% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in X. Regal Investment Advisors LLC raised its holdings in United States Steel Corporation by 29.2% in the second quarter. Regal Investment Advisors LLC now owns 24,168 shares of the basic materials company’s stock valued at $535,000 after buying an additional 5,460 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in United States Steel Corporation by 150.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 56,881 shares of the basic materials company’s stock valued at $1,259,000 after buying an additional 34,209 shares during the period. Skylands Capital LLC purchased a new position in United States Steel Corporation in the second quarter valued at approximately $684,000. Stifel Financial Corp raised its holdings in United States Steel Corporation by 304.0% in the second quarter. Stifel Financial Corp now owns 159,801 shares of the basic materials company’s stock valued at $3,531,000 after buying an additional 120,248 shares during the period. Finally, Balyasny Asset Management LLC raised its holdings in United States Steel Corporation by 1,032.0% in the second quarter. Balyasny Asset Management LLC now owns 115,034 shares of the basic materials company’s stock valued at $2,547,000 after buying an additional 104,872 shares during the period. 62.56% of the stock is currently owned by institutional investors and hedge funds.

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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

Receive News & Ratings for United States Steel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Steel Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.