United States Steel (NYSE:X) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of United States Steel (NYSE:X) in a research report issued on Saturday. The firm set a “hold” rating on the basic materials company’s stock.

Other equities research analysts also recently issued reports about the stock. BMO Capital Markets decreased their target price on shares of United States Steel from $55.00 to $45.00 and set a “market perform” rating for the company in a research report on Tuesday, March 19th. Wolfe Research raised United States Steel from a “peer perform” rating to an “outperform” rating and set a $46.00 price target for the company in a research report on Tuesday. JPMorgan Chase & Co. initiated coverage on United States Steel in a research note on Friday, January 12th. They set a “neutral” rating and a $52.00 price objective on the stock. Finally, Morgan Stanley lowered shares of United States Steel from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $40.00 to $51.00 in a research note on Thursday, February 15th. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $37.89.

United States Steel Stock Performance

NYSE:X opened at $41.33 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.76 and a debt-to-equity ratio of 0.37. United States Steel has a twelve month low of $20.40 and a twelve month high of $50.20. The company has a fifty day moving average of $43.89 and a 200-day moving average of $40.92. The firm has a market capitalization of $9.29 billion, a P/E ratio of 11.77 and a beta of 2.00.

United States Steel (NYSE:X) last announced its quarterly earnings data on Friday, February 2nd. The basic materials company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.46. United States Steel had a net margin of 4.96% and a return on equity of 10.80%. The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the prior year, the business earned $0.87 earnings per share. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that United States Steel will post 3.17 EPS for the current year.

Hedge Funds Weigh In On United States Steel

Several large investors have recently modified their holdings of X. Riverview Trust Co purchased a new stake in shares of United States Steel during the 1st quarter valued at approximately $29,000. Range Financial Group LLC raised its holdings in United States Steel by 25.4% during the 1st quarter. Range Financial Group LLC now owns 5,440 shares of the basic materials company’s stock valued at $222,000 after acquiring an additional 1,101 shares during the period. Rise Advisors LLC lifted its position in shares of United States Steel by 31.0% during the first quarter. Rise Advisors LLC now owns 2,608 shares of the basic materials company’s stock worth $106,000 after acquiring an additional 617 shares in the last quarter. Syquant Capital Sas purchased a new stake in shares of United States Steel during the first quarter worth $1,989,000. Finally, Kapitalo Investimentos Ltda boosted its holdings in shares of United States Steel by 541.8% in the fourth quarter. Kapitalo Investimentos Ltda now owns 45,980 shares of the basic materials company’s stock worth $2,237,000 after acquiring an additional 38,816 shares during the period. Hedge funds and other institutional investors own 81.92% of the company’s stock.

United States Steel Company Profile

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.