United States Steel Co. (NYSE:X) Given Average Recommendation of “Reduce” by Brokerages

United States Steel Co. (NYSE:X) has earned an average recommendation of “Reduce” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $26.00.

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on United States Steel from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, July 14th. BNP Paribas downgraded United States Steel from an “outperform” rating to a “neutral” rating and set a $26.00 price objective for the company. in a research note on Wednesday, July 5th. Morgan Stanley reissued an “equal weight” rating and issued a $25.00 price objective on shares of United States Steel in a research note on Tuesday, August 1st. BMO Capital Markets reduced their price objective on United States Steel from $27.00 to $26.00 in a research note on Monday, July 31st. Finally, Wolfe Research downgraded United States Steel from a “peer perform” rating to an “underperform” rating and set a $19.00 price target for the company. in a research note on Thursday, June 1st.

Insider Activity

In other news, SVP Duane D. Holloway sold 23,406 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $31.00, for a total transaction of $725,586.00. Following the transaction, the senior vice president now owns 105,800 shares of the company’s stock, valued at approximately $3,279,800. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other United States Steel news, SVP Scott D. Buckiso sold 8,970 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $31.16, for a total value of $279,505.20. Following the sale, the senior vice president now owns 106,854 shares of the company’s stock, valued at approximately $3,329,570.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Duane D. Holloway sold 23,406 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $31.00, for a total value of $725,586.00. Following the completion of the sale, the senior vice president now directly owns 105,800 shares in the company, valued at approximately $3,279,800. The disclosure for this sale can be found here. In the last quarter, insiders have sold 101,944 shares of company stock valued at $3,217,822. Insiders own 0.98% of the company’s stock.

Institutional Trading of United States Steel

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ICA Group Wealth Management LLC acquired a new stake in shares of United States Steel during the 4th quarter worth approximately $28,000. Belpointe Asset Management LLC acquired a new stake in shares of United States Steel during the 4th quarter worth approximately $29,000. Machina Capital S.A.S. acquired a new stake in shares of United States Steel during the 1st quarter worth approximately $31,000. GPS Wealth Strategies Group LLC acquired a new stake in shares of United States Steel during the 2nd quarter worth approximately $35,000. Finally, AXS Investments LLC acquired a new stake in shares of United States Steel during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 74.60% of the company’s stock.

United States Steel Trading Down 0.6 %

Shares of NYSE X opened at $30.82 on Friday. United States Steel has a 12 month low of $17.89 and a 12 month high of $32.52. The company has a market cap of $6.87 billion, a price-to-earnings ratio of 5.93 and a beta of 2.14. The company has a quick ratio of 1.30, a current ratio of 1.92 and a debt-to-equity ratio of 0.38. The business has a fifty day simple moving average of $26.95 and a 200-day simple moving average of $25.39.

United States Steel (NYSE:X) last announced its earnings results on Friday, July 28th. The basic materials company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.86 by $0.06. United States Steel had a return on equity of 13.51% and a net margin of 7.05%. The business had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $5.11 billion. During the same period in the prior year, the business posted $3.86 earnings per share. United States Steel’s revenue was down 20.4% compared to the same quarter last year. Sell-side analysts predict that United States Steel will post 3.96 EPS for the current year.

United States Steel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Monday, August 7th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date was Friday, August 4th. United States Steel’s dividend payout ratio is 3.85%.

United States Steel Company Profile

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through four segments: North American Flat-Rolled (Flat-Rolled), Mini Mill, 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 iron ore and coke.