United States Steel (X) Stock Rating Upgraded by ValuEngine
ValuEngine upgraded shares of United States Steel (NYSE:X) from a buy rating to a strong-buy rating in a report published on Thursday.
Several other research firms have also weighed in on X. Morgan Stanley reduced their price objective on United States Steel from $46.00 to $42.00 and set an overweight rating on the stock in a research note on Tuesday, February 6th. Credit Suisse Group lifted their price objective on United States Steel from $34.00 to $48.00 and gave the company an outperform rating in a research note on Tuesday, January 30th. Citigroup raised United States Steel from a sell rating to a neutral rating in a research note on Monday, January 22nd. Cowen reiterated a hold rating and set a $40.00 target price on shares of United States Steel in a report on Thursday, January 4th. Finally, Vertical Group began coverage on United States Steel in a report on Tuesday, January 30th. They set a sell rating and a $25.00 target price on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $35.53.
United States Steel (X) opened at $45.39 on Thursday. The firm has a market capitalization of $7,980.00, a PE ratio of 26.39, a PEG ratio of 1.43 and a beta of 2.79. United States Steel has a 52 week low of $18.55 and a 52 week high of $47.64. 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 9th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.20 annualized dividend and a yield of 0.44%. United States Steel’s dividend payout ratio is presently 11.63%.
In other United States Steel news, SVP David J. Rintoul sold 7,090 shares of United States Steel stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $32.00, for a total transaction of $226,880.00. Following the sale, the senior vice president now directly owns 62,899 shares in the company, valued at approximately $2,012,768. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David B. Burritt sold 36,072 shares of United States Steel stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $39.95, for a total value of $1,441,076.40. Following the sale, the chief executive officer now owns 166,411 shares in the company, valued at $6,648,119.45. The disclosure for this sale can be found here. Insiders have sold a total of 151,873 shares of company stock worth $5,948,986 over the last 90 days. 1.00% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Banco de Sabadell S.A bought a new stake in shares of United States Steel in the 4th quarter valued at approximately $100,000. We Are One Seven LLC bought a new stake in shares of United States Steel in the 4th quarter valued at approximately $132,000. CoreCommodity Management LLC bought a new stake in shares of United States Steel in the 4th quarter valued at approximately $152,000. US Bancorp DE increased its holdings in shares of United States Steel by 81.2% in the 4th quarter. US Bancorp DE now owns 4,563 shares of the basic materials company’s stock valued at $160,000 after acquiring an additional 2,045 shares during the last quarter. Finally, Calamos Advisors LLC bought a new stake in shares of United States Steel in the 4th quarter valued at approximately $201,000. Institutional investors own 66.01% of the company’s stock.
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About United States Steel
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).
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