United States Steel (NYSE:X) had its price target decreased by Credit Suisse Group from $55.00 to $48.00 in a research note released on Thursday, August 23rd, The Fly reports.

A number of other equities analysts also recently commented on the stock. ValuEngine downgraded shares of United States Steel from a buy rating to a hold rating in a research note on Friday, June 8th. Cowen reduced their price target on shares of United States Steel from $41.00 to $37.00 and set a market perform rating on the stock in a research note on Monday, April 30th. BMO Capital Markets reduced their price target on shares of United States Steel from $50.00 to $45.00 and set a market perform rating on the stock in a research note on Monday, April 30th. They noted that the move was a valuation call. UBS Group reduced their price target on shares of United States Steel from $30.00 to $28.00 and set a sell rating on the stock in a research note on Friday, May 11th. Finally, Longbow Research dropped their price objective on shares of United States Steel from $63.00 to $49.00 and set a buy rating for the company in a report on Monday, April 30th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. United States Steel has an average rating of Hold and an average target price of $42.02.

Shares of NYSE X traded up $0.22 during trading on Thursday, hitting $28.90. The company had a trading volume of 5,852,546 shares, compared to its average volume of 5,955,724. United States Steel has a fifty-two week low of $23.16 and a fifty-two week high of $47.64. The firm has a market cap of $5.09 billion, a price-to-earnings ratio of 8.30, a price-to-earnings-growth ratio of 0.62 and a beta of 3.14. The company has a quick ratio of 1.02, a current ratio of 1.66 and a debt-to-equity ratio of 0.70.

United States Steel (NYSE:X) last posted its quarterly earnings results on Wednesday, August 1st. The basic materials company reported $1.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.33. The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.47 billion. United States Steel had a net margin of 4.09% and a return on equity of 18.70%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the firm posted $1.07 earnings per share. equities research analysts anticipate that United States Steel will post 5.81 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Thursday, August 9th were given a $0.05 dividend. The ex-dividend date was Wednesday, August 8th. This represents a $0.20 annualized dividend and a yield of 0.69%. United States Steel’s dividend payout ratio (DPR) is 10.31%.

Hedge funds have recently added to or reduced their stakes in the stock. HRT Financial LLC purchased a new position in United States Steel during the 2nd quarter worth $352,000. Advisors Asset Management Inc. raised its position in United States Steel by 30.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 26,300 shares of the basic materials company’s stock worth $914,000 after buying an additional 6,092 shares during the last quarter. Nomura Holdings Inc. raised its position in United States Steel by 103.2% during the 2nd quarter. Nomura Holdings Inc. now owns 54,373 shares of the basic materials company’s stock worth $1,889,000 after buying an additional 1,748,567 shares during the last quarter. Global X Management Co LLC raised its position in United States Steel by 17.9% during the 2nd quarter. Global X Management Co LLC now owns 42,526 shares of the basic materials company’s stock worth $1,478,000 after buying an additional 6,461 shares during the last quarter. Finally, Zacks Investment Management purchased a new position in United States Steel during the 2nd quarter worth $218,000. Hedge funds and other institutional investors own 68.20% 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. 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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Analyst Recommendations for United States Steel (NYSE:X)

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