Exane BNP Paribas initiated coverage on shares of United States Steel (NYSE:X) in a research report report published on Thursday, The Fly reports. The firm issued an underperform rating and a $10.50 target price on the basic materials company’s stock.

Other equities analysts have also issued research reports about the stock. Berenberg Bank lowered shares of United States Steel from a buy rating to a hold rating in a research report on Thursday, October 31st. Credit Suisse Group reduced their price objective on shares of United States Steel from $9.00 to $8.00 and set an underperform rating for the company in a research report on Thursday, September 19th. Argus lowered shares of United States Steel from a buy rating to a hold rating in a research report on Tuesday, November 5th. ValuEngine upgraded shares of United States Steel from a buy rating to a strong-buy rating in a research report on Friday, November 8th. Finally, Cfra lowered shares of United States Steel from a sell rating to a strong sell rating in a research report on Friday, November 1st. Nine investment analysts have rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $15.66.

X traded up $0.17 on Thursday, reaching $13.08. The company had a trading volume of 8,378,811 shares, compared to its average volume of 12,628,129. The company has a fifty day moving average of $11.79 and a 200-day moving average of $13.10. The company has a market capitalization of $2.23 billion, a P/E ratio of 2.44, a PEG ratio of 38.14 and a beta of 3.04. The company has a current ratio of 1.42, a quick ratio of 0.69 and a debt-to-equity ratio of 0.64. United States Steel has a one year low of $9.93 and a one year high of $28.06.

United States Steel (NYSE:X) last announced its earnings results on Thursday, October 31st. The basic materials company reported ($0.21) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.29) by $0.08. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.04 billion. United States Steel had a net margin of 4.56% and a return on equity of 10.57%. United States Steel’s revenue was down 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.79 EPS. Research analysts predict that United States Steel will post 0.05 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 13th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Tuesday, November 12th. United States Steel’s payout ratio is 3.73%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its position in shares of United States Steel by 3.6% in the second quarter. Bank of New York Mellon Corp now owns 2,304,508 shares of the basic materials company’s stock worth $35,282,000 after purchasing an additional 80,654 shares in the last quarter. Morgan Stanley lifted its position in shares of United States Steel by 27.3% in the second quarter. Morgan Stanley now owns 2,303,479 shares of the basic materials company’s stock worth $35,266,000 after purchasing an additional 494,085 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of United States Steel by 402.0% in the second quarter. Canada Pension Plan Investment Board now owns 1,475,957 shares of the basic materials company’s stock worth $22,597,000 after purchasing an additional 1,181,957 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of United States Steel by 84.5% in the second quarter. Parametric Portfolio Associates LLC now owns 1,265,209 shares of the basic materials company’s stock worth $19,370,000 after purchasing an additional 579,394 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its position in shares of United States Steel by 11,651.5% in the second quarter. Point72 Asset Management L.P. now owns 1,261,286 shares of the basic materials company’s stock worth $19,310,000 after purchasing an additional 1,250,553 shares in the last quarter. Institutional investors own 60.91% of the company’s stock.

About United States Steel

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through three segments: North American Flat-Rolled (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets and tin mill products, as well as all iron ore and coke.

Further Reading: LIBOR

The Fly

Analyst Recommendations for United States Steel (NYSE:X)

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