The analysis included in the United States Steel research report released on Thursday came from the investment professionals who work for StockNews.com (NYSE:X).
The company strongly recommended that all of its customers keep their money invested in the stock of the provider of the basic materials.
On February 3, United States Steel (NYSE:X) made public its most recent earnings report, which was also the company’s most recent report.
The company that produces fundamental components reported earnings per share (EPS) of $0.87 for the quarter, which is $0.27 higher than the average estimate of $0.60.
The company also stated that it expects its revenue for the quarter to be in line with the average. United States Steel had a return on equity of 26.75%, and the company’s net margin was 11.98%.
Both of these figures are percentages.
The actual amount of revenue that the company brought in during the quarter was $4.34 billion, which is an increase from the $4.01 billion in revenue projected to be generated during the quarter.
The company reported a profit per share of $3.64 during the same period the year before that profit was calculated.
The company’s revenue dropped by 22.8% compared to the level it reached the year before.
Earnings of $1.91 per share are what sell-side analysts anticipate United States Steel will achieve in 2018, according to their projections and estimates.
When trading started on Thursday, a share of United States Steel was $24.44 per share.
Both the price-to-earnings ratio of the company, which is 2.72, and its beta value, which is 2.20, are very high.
The stock is currently valued at $5.54 billion on the market.
The quick ratio is 1.39, the current ratio is 1.99, and the debt-to-equity ratio is 0.38.
All of these numbers are relative to the liquidity of the company.
These numbers should be interpreted in the context of the company’s liquidity. United States Steel has seen a one-year high of $39.25, while the company has seen a one-year low of $16.41 in the same period.
The stock’s moving average over the past 50 days is $28.49, and its moving average over the past 200 days is $24.72.
Just recently, several different brokerages have made public their very own reports on the stock X.
Morgan Stanley upgraded United States Steel from an “equal weight” rating to an “overweight” rating and raised their price objective on the stock from $20.00 to $31.00 in a research report that was published on February 8. Goldman Sachs Group moved their rating for United States Steel from “sell” to “neutral” in a research report published on Monday, February 6.
In addition, they increased their price target for the company. On January 4, 2019, Bank of America released a research note discussing United States Steel for the first time.
This publication took place on Wednesday.
The organization’s rating for the corporation was “underperform,” which it provided in its evaluation.
BMO Capital Markets increased its price target for United States Steel from $25.00 to $33.00 and upgraded its rating from “market perform” to “outperform” in a research note published on Monday, February 6. Five research analysts have suggested selling the stock, five research analysts have suggested keeping the stock, and one research analyst has suggested purchasing the stock.
The consensus recommendation for United States Steel stock is “Hold,” The website Bloomberg.com reports that the price objective has been set at $29.29 per share.
In related news, on March 3, director Andrea J.
Ayers purchased one thousand shares of company stock.
This is another piece of relevant information.
The number of shares was acquired for a total price of $31,450.00, which averages $31.45 per share.
As a result of the transaction, the director now owns 5,014 company shares, which are estimated to be worth approximately $157,690.30. Follow the link, which will take you to a filing submitted to the Securities and Exchange Commission. You will have the opportunity to acquire additional information regarding the transaction.
In addition, Senior Vice President Richard Fruehauf sold 37,500 shares of stock in United States Steel on Friday, March 3.
The total amount received for the sale of the shares was $1,176,750.00, equivalent to an average price of $31.38 per share.
The senior vice president now owns 57,826 shares of the company, which are now valued at $1,814,579.88 as a direct result of the transaction. Follow the link, which will take you to a filing submitted to the Securities and Exchange Commission. You will have the opportunity to acquire additional information regarding the transaction.
Additionally, on March 3, Director Andrea J.
Ayers added 1,000 additional shares of the company’s stock to her portfolio by purchasing those shares.
According to its average price of $31.45 per share, purchasing the stock required a total investment of $31,450.00 to cover the transaction cost.
The transaction resulted in the director acquiring 5,014 shares in the company.
Based on their current market price, these shares have a value of $157,690.30. You should be able to locate the disclosure concerning this transaction in the following location: As of today, company insiders hold 1.20 percent of the available shares.
Recently, hedge funds have gone through the process of changing their stock holdings.
ICA Group Wealth Management LLC made a financial contribution of $28,000 to United States Steel during the final three months of 2018.
Belpointe Asset Management LLC purchased more ownership in United States Steel during the fourth quarter at approximately $29,000.
During the second quarter, Avion Wealth shelled out approximately $36,000 to purchase a new investment in United States Steel.
In the second quarter, Alpha Paradigm Partners LLC contributed approximately $39,000 to the growth of its holdings in United States Steel to achieve its investment expansion goals.
Last but certainly not least, during the fourth quarter of 2018, CWM LLC increased the percentage of United States Steel shares it owned by a whopping 26.5 percent. Following the successful completion of the acquisition of an additional 352 shares throughout the period, CWM LLC now directly controls 1,682 shares in the basic materials company.
Each of these shares is currently worth $42,000 thanks to the successful acquisition of an additional 352 shares.
Institutional investors and hedge funds hold 75.02% of the total shares outstanding in the company.