United States Steel (X) – Research Analysts’ Weekly Ratings Updates

A number of research firms have changed their ratings and price targets for United States Steel (NYSE: X):

  • 1/9/2019 – United States Steel was downgraded by analysts at Citigroup Inc from a “buy” rating to a “neutral” rating. They now have a $23.00 price target on the stock, down previously from $40.00.
  • 1/8/2019 – United States Steel was downgraded by analysts at Credit Suisse Group AG from an “outperform” rating to a “neutral” rating.
  • 1/8/2019 – United States Steel is now covered by analysts at Cowen Inc. They set a “market perform” rating and a $22.00 price target on the stock.
  • 1/8/2019 – United States Steel was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 12/19/2018 – United States Steel had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $26.00 price target on the stock.
  • 12/10/2018 – United States Steel was upgraded by analysts at UBS Group AG from a “sell” rating to a “neutral” rating. They now have a $22.00 price target on the stock, down previously from $28.00.
  • 11/27/2018 – United States Steel had its price target lowered by analysts at Longbow Research from $49.00 to $40.00. They now have a “buy” rating on the stock.
  • 11/26/2018 – United States Steel was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 11/12/2018 – United States Steel had its “average” rating reaffirmed by analysts at TD Securities.

Shares of United States Steel stock opened at $20.99 on Friday. The company has a market capitalization of $3.61 billion, a PE ratio of 10.82, a P/E/G ratio of 0.52 and a beta of 2.77. United States Steel Co. has a 52 week low of $17.08 and a 52 week high of $47.64. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.62 and a quick ratio of 0.99.

United States Steel (NYSE:X) last issued its quarterly earnings data on Friday, November 2nd. The basic materials company reported $1.79 EPS for the quarter, topping the consensus estimate of $1.73 by $0.06. The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.67 billion. United States Steel had a return on equity of 21.69% and a net margin of 5.01%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 earnings per share. On average, equities research analysts predict that United States Steel Co. will post 5.41 earnings per share for the current fiscal year.

In other United States Steel news, CFO Kevin Bradley purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 13th. The stock was bought at an average cost of $20.33 per share, with a total value of $203,300.00. Following the completion of the transaction, the chief financial officer now owns 112,830 shares of the company’s stock, valued at approximately $2,293,833.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP James E. Bruno sold 12,000 shares of the stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $25.75, for a total value of $309,000.00. Following the sale, the vice president now directly owns 54,137 shares of the company’s stock, valued at $1,394,027.75. The disclosure for this sale can be found here. Company insiders own 1.01% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Exane Derivatives boosted its holdings in shares of United States Steel by 364,000.0% in the third quarter. Exane Derivatives now owns 3,641 shares of the basic materials company’s stock worth $112,000 after acquiring an additional 3,640 shares during the period. Trustcore Financial Services LLC bought a new position in shares of United States Steel in the third quarter worth $128,000. Truvestments Capital LLC bought a new position in shares of United States Steel in the third quarter worth $143,000. Point72 Hong Kong Ltd bought a new position in shares of United States Steel in the third quarter worth $156,000. Finally, Macquarie Group Ltd. boosted its holdings in shares of United States Steel by 252.8% in the third quarter. Macquarie Group Ltd. now owns 6,350 shares of the basic materials company’s stock worth $194,000 after acquiring an additional 4,550 shares during the period. 63.19% of the stock is owned by institutional investors.

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, rounds, strip mill plates, sheets, and tin mill products.

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