United States Steel (NYSE:X) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of United States Steel (NYSE:X) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the basic materials company’s stock.

A number of other equities analysts also recently weighed in on the company. Morgan Stanley downgraded United States Steel from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $40.00 to $51.00 in a report on Thursday, February 15th. 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 note on Tuesday, April 9th. JPMorgan Chase & Co. started coverage on United States Steel in a research note on Friday, January 12th. They issued a “neutral” rating and a $52.00 price target for the company. Finally, BMO Capital Markets lowered their price target on United States Steel from $55.00 to $45.00 and set a “market perform” rating for the company in a research note on Tuesday, March 19th. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, United States Steel presently has an average rating of “Hold” and a consensus price target of $37.89.

United States Steel Price Performance

Shares of X opened at $37.42 on Monday. The company has a market capitalization of $8.41 billion, a price-to-earnings ratio of 10.66 and a beta of 2.00. United States Steel has a fifty-two week low of $20.40 and a fifty-two week high of $50.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.76 and a quick ratio of 1.22. The business’s 50-day moving average is $42.44 and its 200-day moving average is $41.45.

United States Steel (NYSE:X) last issued its earnings results on Friday, February 2nd. The basic materials company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.46. The company had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $3.73 billion. United States Steel had a return on equity of 10.80% and a net margin of 4.96%. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 EPS. Equities research analysts expect that United States Steel will post 2.99 EPS for the current fiscal year.

Institutional Investors Weigh In On United States Steel

A number of large investors have recently added to or reduced their stakes in X. Byrne Asset Management LLC lifted its holdings in shares of United States Steel by 1,140.0% during the first quarter. Byrne Asset Management LLC now owns 620 shares of the basic materials company’s stock worth $25,000 after buying an additional 570 shares during the last quarter. Pacific Capital Wealth Advisors Inc. acquired a new position in shares of United States Steel during the fourth quarter worth approximately $25,000. Riverview Trust Co acquired a new position in shares of United States Steel during the first quarter worth approximately $29,000. Wolff Wiese Magana LLC lifted its holdings in shares of United States Steel by 181.4% during the third quarter. Wolff Wiese Magana LLC now owns 985 shares of the basic materials company’s stock worth $32,000 after buying an additional 635 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of United States Steel during the fourth quarter worth approximately $33,000. 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.