Vetr upgraded shares of United States Steel Co. (NYSE:X) from a strong sell rating to a hold rating in a research note published on Monday. Vetr currently has $36.38 target price on the basic materials company’s stock.

A number of other research firms also recently issued reports on X. Cowen and Company raised United States Steel from a market perform rating to an outperform rating in a research report on Monday, February 27th. Axiom Securities reissued a sell rating on shares of United States Steel in a research report on Friday, March 3rd. Rosenblatt Securities reissued a neutral rating and set a $35.00 price target on shares of United States Steel in a research report on Monday, February 27th. Credit Suisse Group AG reissued an outperform rating on shares of United States Steel in a research report on Wednesday, December 7th. Finally, Citigroup Inc downgraded United States Steel from a buy rating to a neutral rating and set a $37.00 price target on the stock. in a research report on Thursday, January 19th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. United States Steel currently has a consensus rating of Hold and a consensus target price of $35.21.

Shares of United States Steel (NYSE:X) opened at 30.42 on Monday. United States Steel has a 52-week low of $12.77 and a 52-week high of $41.83. The stock’s market cap is $5.30 billion. The company’s 50-day moving average price is $33.81 and its 200-day moving average price is $31.25. United States Steel also was the target of some unusual options trading on Thursday. Stock traders purchased 11,788 call options on the company. This is an increase of approximately 104% compared to the typical daily volume of 5,788 call options.

United States Steel (NYSE:X) last released its earnings results on Tuesday, January 31st. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.26. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.65 billion. United States Steel had a negative return on equity of 11.36% and a negative net margin of 4.29%. United States Steel’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.23) earnings per share. Analysts expect that United States Steel will post $2.93 earnings per share for the current year.

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Hedge funds have recently bought and sold shares of the stock. BlackRock Fund Advisors increased its stake in United States Steel by 19.8% in the third quarter. BlackRock Fund Advisors now owns 6,193,405 shares of the basic materials company’s stock worth $116,808,000 after buying an additional 1,025,132 shares during the last quarter. Renaissance Technologies LLC increased its stake in United States Steel by 68.8% in the fourth quarter. Renaissance Technologies LLC now owns 5,655,000 shares of the basic materials company’s stock worth $186,672,000 after buying an additional 2,305,300 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in United States Steel by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,710,071 shares of the basic materials company’s stock worth $155,500,000 after buying an additional 161,647 shares during the last quarter. United States Steel & Carnegie Pension Fund bought a new stake in United States Steel during the third quarter worth $70,982,000. Finally, Gallagher Fiduciary Advisors LLC bought a new stake in United States Steel during the fourth quarter worth $124,238,000. Institutional investors and hedge funds own 77.18% of the company’s stock.

About United States Steel

United States Steel Corporation is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular).

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