United States Steel Corporation (NYSE:X) was upgraded by equities researchers at Cowen and Company from an “underperform” rating to a “market perform” rating in a research report issued to clients and investors on Thursday. The firm currently has a $28.00 price objective on the basic materials company’s stock, up from their prior price objective of $20.00. Cowen and Company’s target price would indicate a potential upside of 3.55% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Jefferies Group LLC reiterated a “buy” rating and set a $33.00 target price on shares of United States Steel Corporation in a research note on Wednesday, July 19th. Longbow Research reiterated a “buy” rating and set a $30.00 target price on shares of United States Steel Corporation in a research note on Thursday, July 13th. Argus increased their target price on United States Steel Corporation to $1.48 and gave the stock a “buy” rating in a research note on Friday, July 28th. BidaskClub upgraded United States Steel Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Finally, Bank of America Corporation upgraded United States Steel Corporation from a “neutral” rating to a “buy” rating and increased their target price for the stock from $29.00 to $31.00 in a research note on Tuesday, September 5th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $29.34.

United States Steel Corporation (NYSE:X) traded down $0.26 on Thursday, hitting $27.04. The stock had a trading volume of 9,902,540 shares, compared to its average volume of 12,680,000. United States Steel Corporation has a 52 week low of $18.55 and a 52 week high of $41.83. The firm has a market capitalization of $4.73 billion, a PE ratio of 19.29 and a beta of 2.96. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.09 and a current ratio of 1.89.

United States Steel Corporation (NYSE:X) last announced its earnings results on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.25. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.07 billion. United States Steel Corporation had a return on equity of 10.27% and a net margin of 1.05%. The firm’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.40 earnings per share. analysts forecast that United States Steel Corporation will post 1.88 earnings per share for the current year.

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In other news, Director Eugene Sperling acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were bought at an average price of $25.16 per share, with a total value of $25,160.00. Following the acquisition, the director now directly owns 3,009 shares in the company, valued at approximately $75,706.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Murry Gerber acquired 4,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were purchased at an average cost of $26.89 per share, for a total transaction of $107,560.00. Following the acquisition, the director now owns 168,457 shares in the company, valued at $4,529,808.73. The disclosure for this purchase can be found here. In the last quarter, insiders bought 64,597 shares of company stock worth $1,764,452. Corporate insiders own 1.00% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in X. Enterprise Financial Services Corp acquired a new stake in shares of United States Steel Corporation during the 3rd quarter valued at $120,000. Global X Management Co. LLC boosted its holdings in shares of United States Steel Corporation by 221.0% during the 2nd quarter. Global X Management Co. LLC now owns 5,473 shares of the basic materials company’s stock valued at $121,000 after acquiring an additional 3,768 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of United States Steel Corporation by 10.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the basic materials company’s stock valued at $154,000 after acquiring an additional 674 shares in the last quarter. NJ State Employees Deferred Compensation Plan acquired a new stake in shares of United States Steel Corporation during the 3rd quarter valued at $205,000. Finally, Sigma Planning Corp boosted its holdings in shares of United States Steel Corporation by 21.3% during the 2nd quarter. Sigma Planning Corp now owns 9,662 shares of the basic materials company’s stock valued at $214,000 after acquiring an additional 1,696 shares in the last quarter. 63.77% of the stock is currently owned by institutional investors.

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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