United States Steel Corporation (NYSE:X)‘s stock had its “neutral” rating reaffirmed by research analysts at Longbow Research in a report released on Tuesday.

Several other brokerages have also recently weighed in on X. Argus upped their price target on United States Steel Corporation to $1.48 and gave the company a “buy” rating in a research report on Friday, July 28th. J P Morgan Chase & Co restated an “overweight” rating on shares of United States Steel Corporation in a research report on Wednesday, June 7th. Cowen and Company boosted their price objective on shares of United States Steel Corporation from $21.00 to $24.00 and gave the company a “market perform” rating in a research note on Thursday, July 27th. Citigroup Inc. raised shares of United States Steel Corporation to a “hold” rating in a research note on Tuesday, June 13th. Finally, Macquarie assumed coverage on shares of United States Steel Corporation in a research note on Wednesday, September 6th. They set an “outperform” rating and a $31.00 price objective for the company. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. United States Steel Corporation currently has an average rating of “Hold” and a consensus target price of $28.29.

United States Steel Corporation (NYSE:X) traded up 0.73% during mid-day trading on Tuesday, hitting $26.32. 11,327,510 shares of the stock were exchanged. The stock has a market capitalization of $4.60 billion, a P/E ratio of 166.58 and a beta of 2.89. The firm has a 50-day moving average price of $25.42 and a 200-day moving average price of $24.91. United States Steel Corporation has a 12-month low of $16.17 and a 12-month high of $41.83.

United States Steel Corporation (NYSE:X) last issued its earnings results on Tuesday, July 25th. The basic materials company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.66. The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $2.98 billion. United States Steel Corporation had a net margin of 0.24% and a return on equity of 6.50%. The company’s quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.32) earnings per share. Equities analysts predict that United States Steel Corporation will post $1.73 earnings per share for the current fiscal year.

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In related news, CFO Kevin Bradley acquired 22,835 shares of the company’s stock in a transaction dated Wednesday, September 6th. The stock was purchased at an average price of $27.62 per share, with a total value of $630,702.70. Following the completion of the purchase, the chief financial officer now owns 30,415 shares in the company, valued at approximately $840,062.30. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Murry Gerber acquired 4,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were bought at an average cost of $26.89 per share, with a total value of $107,560.00. Following the purchase, the director now 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. Over the last 90 days, insiders have acquired 64,597 shares of company stock valued at $1,764,452. Company insiders own 1.00% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Global X Management Co. LLC raised its holdings in 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 buying an additional 3,768 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in 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 buying an additional 674 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in United States Steel Corporation during the 1st quarter valued at $209,000. Sigma Planning Corp boosted its position in 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 buying an additional 1,696 shares during the period. Finally, Advisor Group Inc. boosted its position in United States Steel Corporation by 3.2% during the 2nd quarter. Advisor Group Inc. now owns 9,834 shares of the basic materials company’s stock valued at $218,000 after buying an additional 308 shares during the period. 63.95% of the stock is currently owned by institutional investors.

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).

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

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