Goldman Sachs initiated coverage on shares of United States Steel (NYSE:X) in a report issued on Tuesday, MarketBeat Ratings reports. The brokerage set a “neutral” rating and a $45.00 price target on the basic materials company’s stock. Goldman Sachs’ target price would indicate a potential upside of 16.10% from the stock’s previous close.

Several other analysts have also weighed in on the stock. Morgan Stanley lowered their target price on shares of United States Steel from $46.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, February 6th. Cowen reiterated a “market perform” rating and set a $41.00 target price (up previously from $40.00) on shares of United States Steel in a research note on Thursday, February 1st. ValuEngine upgraded shares of United States Steel from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Credit Suisse Group boosted their target price on shares of United States Steel from $34.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Finally, Longbow Research upgraded shares of United States Steel from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 20th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. United States Steel has an average rating of “Hold” and an average price target of $37.57.

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Shares of United States Steel (X) opened at $38.76 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.75 and a debt-to-equity ratio of 0.81. The stock has a market cap of $6,870.00, a price-to-earnings ratio of 17.78, a P/E/G ratio of 1.10 and a beta of 2.79. United States Steel has a 12 month low of $18.55 and a 12 month high of $47.64.

United States Steel (NYSE:X) last issued its quarterly earnings results on Wednesday, January 31st. The basic materials company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.10 billion. United States Steel had a net margin of 3.16% and a return on equity of 12.56%. The business’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 earnings per share. analysts expect that United States Steel will post 4.45 EPS for the current year.

In related news, SVP Christine S. Breves sold 11,853 shares of the company’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $38.47, for a total value of $455,984.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David J. Rintoul sold 17,640 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $36.57, for a total transaction of $645,094.80. Following the completion of the sale, the senior vice president now directly owns 63,449 shares of the company’s stock, valued at approximately $2,320,329.93. The disclosure for this sale can be found here. In the last three months, insiders have sold 133,595 shares of company stock valued at $5,427,450. Corporate insiders own 1.01% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. lifted its holdings in United States Steel by 22.0% in the third quarter. Pacer Advisors Inc. now owns 33,080 shares of the basic materials company’s stock worth $849,000 after purchasing an additional 5,961 shares during the period. American International Group Inc. lifted its holdings in United States Steel by 1.1% in the fourth quarter. American International Group Inc. now owns 361,380 shares of the basic materials company’s stock worth $12,717,000 after purchasing an additional 4,063 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in United States Steel by 7.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 752,227 shares of the basic materials company’s stock worth $26,471,000 after purchasing an additional 49,542 shares during the period. Principal Financial Group Inc. lifted its holdings in United States Steel by 0.7% in the third quarter. Principal Financial Group Inc. now owns 743,908 shares of the basic materials company’s stock worth $19,088,000 after purchasing an additional 4,827 shares during the period. Finally, MUFG Americas Holdings Corp acquired a new stake in United States Steel in the fourth quarter worth about $289,000. 68.26% of the stock is owned by institutional investors and hedge funds.

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United States Steel 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 (NYSE:X)

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