United States Steel (NYSE:X)‘s stock had its “hold” rating reaffirmed by Cowen in a report issued on Thursday, January 4th. They currently have a $40.00 price objective on the basic materials company’s stock. Cowen’s price target would suggest a potential downside of 2.79% from the company’s current price.

X has been the subject of a number of other research reports. Macquarie started coverage on United States Steel in a research note on Wednesday, September 6th. They issued an “outperform” rating and a $31.00 target price for the company. ValuEngine upgraded United States Steel from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Bank of America set a $32.00 price target on United States Steel and gave the stock a “buy” rating in a research report on Friday, October 20th. BMO Capital Markets reaffirmed a “market perform” rating on shares of United States Steel in a research report on Friday, September 8th. Finally, Citigroup increased their price target on United States Steel from $20.00 to $22.00 and gave the stock a “sell” rating in a research report on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $31.14.

How to Become a New Pot Stock Millionaire

United States Steel (NYSE X) traded up $0.20 during trading on Thursday, reaching $41.15. The company’s stock had a trading volume of 10,239,922 shares, compared to its average volume of 9,830,000. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.23 and a current ratio of 1.89. The stock has a market capitalization of $7,200.00, a price-to-earnings ratio of 60.51, a P/E/G ratio of 1.56 and a beta of 3.00. United States Steel has a one year low of $18.55 and a one year high of $41.83.

United States Steel (NYSE:X) last posted its earnings results on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.25. United States Steel had a return on equity of 10.27% and a net margin of 1.05%. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the prior year, the business earned $0.40 earnings per share. United States Steel’s revenue was up 20.9% on a year-over-year basis. research analysts anticipate that United States Steel will post 1.82 earnings per share for the current year.

In other United States Steel news, insider Richard Fruehauf sold 5,959 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $30.00, for a total value of $178,770.00. Following the transaction, the insider now directly owns 7,960 shares of the company’s stock, valued at approximately $238,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David B. Burritt sold 36,072 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $39.95, for a total transaction of $1,441,076.40. Following the completion of the transaction, the chief executive officer now directly owns 166,411 shares in the company, valued at $6,648,119.45. The disclosure for this sale can be found here. Over the last quarter, insiders sold 128,706 shares of company stock worth $4,653,456. 1.00% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in X. Amerigo Asset Management acquired a new stake in United States Steel in the 3rd quarter valued at approximately $158,558,000. Ameriprise Financial Inc. increased its holdings in United States Steel by 173.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,463,410 shares of the basic materials company’s stock valued at $32,399,000 after purchasing an additional 928,898 shares during the last quarter. Prudential Financial Inc. increased its holdings in United States Steel by 524.7% in the 3rd quarter. Prudential Financial Inc. now owns 668,811 shares of the basic materials company’s stock valued at $17,161,000 after purchasing an additional 561,758 shares during the last quarter. CI Investments Inc. acquired a new stake in United States Steel in the 3rd quarter valued at approximately $9,402,000. Finally, State Street Corp increased its holdings in United States Steel by 6.2% in the 2nd quarter. State Street Corp now owns 5,889,434 shares of the basic materials company’s stock valued at $130,394,000 after purchasing an additional 341,591 shares during the last quarter. 64.21% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: This article was first published by Marea Informative and is the property of of Marea Informative. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://www.mareainformativa.com/2018/01/29/cowen-reaffirms-hold-rating-for-united-states-steel-x-updated-updated-updated.html.

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).

Analyst Recommendations for United States Steel (NYSE:X)

Receive News & Ratings for United States Steel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Steel and related companies with MarketBeat.com's FREE daily email newsletter.