According to Bloomberg.com, United States Steel Co. (NYSE:X) has received an average “Hold” rating from the nine rating agencies now keeping tabs on the company. One analyst suggests investing in the company, two experts advise holding the stock, and three advise selling the shares. The average one-year target price set by brokers that covered the stock in the previous year was $24.88.
Many experts have recently been interested in X shares. StockNews.com released its inaugural research report on United States Steel on Wednesday, October 12. A “hold” rating was given to the company. Morgan Stanley reduced its price objective for United States Steel from $21.50 to $19.00 and gave it an “equal weight” rating in a research note released on November 2. The Goldman Sachs Group lowered its price target for United States Steel from $21.00 to $18.00 and gave the company a “sell” rating in a research note released on Thursday, October 6. On Tuesday, September 13, Citigroup raised its price target for United States Steel to $27.00 in a research note. Credit Suisse Group maintained an “outperform” rating on United States Steel while lowering their price target from $44 to $37 in a research note released on Friday, September 16.
The business’s major investors’ stakes have recently shifted. The Teachers Retirement System of the State of Kentucky’s portfolio received a fresh $797,00 investment from United States Steel during the third quarter. Captrust Financial Advisors grew its stake in United States Steel by 19.2% during the third quarter. During the most recent quarter, Captrust Financial Advisors boosted its holdings in basic materials company stock by 6,777 shares, bringing its total position to 42,031 shares, valued at $762,000. Neo Ivy Capital Management increased its holding in United States Steel by $81,000 during the third quarter. Mercer Global Advisors Inc. (ADV) grew its stake in United States Steel by 20.5% during the third quarter. Unlike three months ago, Mercer Global Advisors Inc. (ADV) now owns 2,796 more shares of the $288,000 market cap company’s stock. It currently holds 16,462 shares of the business’s stock, valued at $288,000. Not to mention, Two Sigma Investments LP grew its stake in United States Steel by 68.6% during the third quarter. After purchasing an additional 883,210 shares during the most recent quarter, Two Sigma Investments LP now has 2,170,656 shares of the basic materials company’s stock, valued at $39,332,000. The company’s stock is owned by institutions and hedge funds to 79.08 percent.
NYSE:X shares started trading at $27.20 on Wednesday. The previous year, United States Steel’s price ranged between $16.41 and $39.25. The stock’s fifty-day simple moving average is $21.85, and its 200-day simple moving average is $21.80. The company is valued at $6.37 billion, with a PE ratio of 2.26 and a beta of 2.18. The company’s quick, current, and debt-to-equity ratios are all 1.37, 2.03, and 0.37, respectively.
United States Steel (NYSE:X) announced its most recent quarterly results report on Friday, October 28. The basic materials company’s $1.95 earnings per share (EPS) for the quarter was $0.02 higher than the $1.93 average analyst expectation. United States Steel did well, with a net margin of 15% and a return on equity of 35.74%. The company’s quarterly sales were $5.20 billion, beating the average expectation of $4.99 billion. Compared to the same period last year, the company’s EPS was $5.36. The company’s sales fell by 12.8% compared to last year’s last quarter. Equity research analysts expect United States Steel to report 9.28 earnings per share for the current fiscal year.
A quarterly dividend announced by the company was also made public, and it will be paid on December 8. On Monday, November 7, shareholders will receive a dividend of $0.05 per share. A dividend yield of 0.74% translates to a yearly dividend of $0.20. The payout date is Friday, November 4, when the dividend is due. United States Steel has a payout ratio of 1.66%.
United States Steel Corporation manufactures and markets flat-rolled and tubular steel goods in North America and Europe. Tubular Products, Mini Mill, U.S. Steel Europe (USSE), and North American Flat-Rolled (Flat-Rolled) are its four operational divisions (Tubular). Examples of flat-rolled items include iron ore, coke, sheets, slabs, strip mill plates, and tin mill products.