BMO Capital Markets Issues Pessimistic Forecast for United States Steel (NYSE:X) Stock Price

United States Steel (NYSE:X) had its target price decreased by BMO Capital Markets from $45.00 to $43.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “outperform” rating on the basic materials company’s stock. BMO Capital Markets’ price target would indicate a potential upside of 11.31% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Morgan Stanley lifted their target price on shares of United States Steel from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Glj Research raised shares of United States Steel from a “sell” rating to a “buy” rating and set a $38.57 target price for the company in a report on Monday, September 9th. Jefferies Financial Group decreased their target price on shares of United States Steel from $47.00 to $41.00 and set a “buy” rating for the company in a report on Thursday, September 5th. JPMorgan Chase & Co. raised shares of United States Steel from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $40.00 to $42.00 in a report on Monday, September 9th. Finally, BNP Paribas raised shares of United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 target price for the company in a report on Friday, September 6th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $42.80.

United States Steel Trading Down 0.6 %

Shares of NYSE X opened at $38.63 on Friday. United States Steel has a 1 year low of $26.92 and a 1 year high of $50.20. The stock has a market cap of $8.69 billion, a P/E ratio of 25.41 and a beta of 1.86. The firm has a 50-day moving average of $36.52 and a 200 day moving average of $37.69. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.72 and a quick ratio of 1.14.

United States Steel (NYSE:X) last issued its quarterly earnings results on Thursday, August 1st. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. United States Steel had a net margin of 2.41% and a return on equity of 6.06%. The company had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same period last year, the company posted $1.92 EPS. United States Steel’s revenue was down 17.8% on a year-over-year basis. As a group, sell-side analysts expect that United States Steel will post 2.17 EPS for the current fiscal year.

Institutional Trading of United States Steel

Large investors have recently added to or reduced their stakes in the business. Water Island Capital LLC grew its position in United States Steel by 5.3% during the second quarter. Water Island Capital LLC now owns 906,092 shares of the basic materials company’s stock valued at $34,250,000 after buying an additional 45,567 shares during the period. KGH Ltd lifted its holdings in United States Steel by 68.2% during the second quarter. KGH Ltd now owns 4,255,000 shares of the basic materials company’s stock valued at $160,839,000 after purchasing an additional 1,724,670 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in United States Steel by 94.3% during the first quarter. Janus Henderson Group PLC now owns 211,043 shares of the basic materials company’s stock valued at $8,601,000 after purchasing an additional 102,450 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in United States Steel by 146.4% during the first quarter. Gamco Investors INC. ET AL now owns 26,000 shares of the basic materials company’s stock valued at $1,060,000 after purchasing an additional 15,450 shares in the last quarter. Finally, CWM LLC lifted its holdings in United States Steel by 54.5% during the second quarter. CWM LLC now owns 3,856 shares of the basic materials company’s stock valued at $146,000 after purchasing an additional 1,360 shares in the last quarter. 81.92% of the stock is currently owned by institutional investors.

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.