1 week Ago By ABMN Staff
United States Steel ( NYSE:X – Get Free Report ) was upgraded by equities research analysts at BNP Paribas from a “neutral” rating to an “outperform” rating in a report released on Friday, MarketBeat.com reports. The firm currently has a $40.
00 target price on the basic materials company’s stock. BNP Paribas’ price target would suggest a potential upside of 27.92% from the stock’s previous close.
A number of other research analysts have also recently issued reports on X. StockNews.com initiated coverage on United States Steel in a research report on Monday, August 19th.
They issued a “hold” rating on the stock. Jefferies Financial Group decreased their price target 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. JPMorgan Chase & Co. dropped their price objective on shares of United States Steel from $43.
00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, July 16th. Morgan Stanley boosted their target price on shares of United States Steel from $48.
00 to $49.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Finally, BMO Capital Markets upgraded shares of United States Steel from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $43.
00 to $45.00 in a report on Wednesday, June 26th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company.
According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $39.67. Check Out Our Latest Research Report on X United States Steel Trading Up 4.
3 % United States Steel ( NYSE:X – Get Free Report ) last posted its quarterly earnings results on Thursday, August 1st. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.
72 by $0.12. United States Steel had a net margin of 3.
40% and a return on equity of 7.93%. The business had revenue of $4.
12 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the business posted $1.
92 EPS. The firm’s revenue for the quarter was down 17.8% on a year-over-year basis.
On average, analysts forecast that United States Steel will post 2.19 earnings per share for the current fiscal year. Hedge Funds Weigh In On United States Steel A number of hedge funds have recently bought and sold shares of the company.
Norges Bank bought a new stake in United States Steel in the fourth quarter worth approximately $200,952,000. Massachusetts Financial Services Co. MA grew its position in shares of United States Steel by 4,305.
6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,634,364 shares of the basic materials company’s stock worth $137,379,000 after buying an additional 3,551,870 shares during the period.
KRYGER CAPITAL Ltd acquired a new stake in shares of United States Steel during the 4th quarter worth approximately $95,529,000. KGH Ltd increased its stake in shares of United States Steel by 68.2% in the 2nd quarter.
KGH Ltd now owns 4,255,000 shares of the basic materials company’s stock valued at $160,839,000 after acquiring an additional 1,724,670 shares in the last quarter. Finally, Bank of Nova Scotia acquired a new position in shares of United States Steel during the 4th quarter valued at $53,338,000. Institutional investors own 81.
92% of the company’s stock. 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.
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