2 weeks Ago By Defense World Staff
Shares of United States Steel Co. ( NYSE:X – Get Free Report ) have been given a consensus recommendation of “Buy” by the seven research firms that are covering the company, Marketbeat.com reports.
Seven equities research analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $42.80.
Several research analysts recently weighed in on X shares. BMO Capital Markets decreased their target price on United States Steel from $45.00 to $43.
00 and set an “outperform” rating for the company in a research note on Friday, November 1st. BNP Paribas upgraded shares of United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price objective for the company in a research report on Friday, September 6th.
Jefferies Financial Group dropped their target price on shares of United States Steel from $47.00 to $41.00 and set a “buy” rating on the stock in a report on Thursday, September 5th.
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 research note on Monday, September 9th. Finally, Morgan Stanley lifted their price target on shares of United States Steel from $48.
00 to $49.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. View Our Latest Stock Report on United States Steel United States Steel Price Performance United States Steel ( NYSE:X – Get Free Report ) last issued its quarterly earnings results on Thursday, October 31st.
The basic materials company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.
15. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.
77 billion. United States Steel had a return on equity of 6.01% and a net margin of 2.
41%. The company’s quarterly revenue was down 13.0% compared to the same quarter last year.
During the same period last year, the company earned $1.36 earnings per share. Analysts anticipate that United States Steel will post 2.
17 earnings per share for the current year. United States Steel Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Monday, November 11th will be given a dividend of $0.
05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.
51%. The ex-dividend date is Friday, November 8th. United States Steel’s payout ratio is presently 13.
16%. Institutional Investors Weigh In On United States Steel Institutional investors have recently made changes to their positions in the company. Rothschild Investment LLC acquired a new stake in United States Steel in the 2nd quarter worth approximately $26,000.
Palouse Capital Management Inc. acquired a new position in United States Steel in the 3rd quarter valued at $35,000. Blue Trust Inc.
grew its stake in United States Steel by 339.0% in the 2nd quarter. Blue Trust Inc.
now owns 1,001 shares of the basic materials company’s stock valued at $41,000 after buying an additional 773 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in United States Steel in the 2nd quarter valued at $46,000. Finally, Headlands Technologies LLC bought a new position in United States Steel in the 1st quarter worth $58,000.
81.92% of the stock is currently owned by institutional investors and hedge funds. About United States Steel ( Get Free Report 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. Read More Five stocks we like better than United States Steel 2 Fintech Stocks to Buy Now and 1 to Avoid Palantir Cracks $50, Is There Still Time to Get on Board? Most active stocks: Dollar volume vs share volume Insider Buying Signals Upside for These 3 Stocks 3 Grocery Stocks That Are Proving They Are Still Essential These 2 Big Players Are Set to Compete With Elon Musk’s Starlink 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 .
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