United States Steel Corporation (X) Receives Buy Rating from Jefferies Group LLC

Jefferies Group LLC reissued their buy rating on shares of United States Steel Corporation (NYSE:X) in a research report report published on Monday.

Other research analysts have also issued research reports about the stock. Standpoint Research raised shares of United States Steel Corporation from a hold rating to a buy rating and set a $28.00 target price on the stock in a research note on Wednesday, June 7th. They noted that the move was a valuation call. Longbow Research raised shares of United States Steel Corporation from a neutral rating to a buy rating in a research note on Monday, June 19th. Deutsche Bank AG raised shares of United States Steel Corporation from a hold rating to a buy rating and set a $30.00 target price on the stock in a research note on Friday, June 23rd. Argus raised their target price on shares of United States Steel Corporation to $1.48 and gave the company a buy rating in a research note on Friday, July 28th. Finally, BidaskClub raised shares of United States Steel Corporation from a hold rating to a buy rating in a research note on Saturday, August 26th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. United States Steel Corporation presently has an average rating of Hold and an average price target of $28.52.

United States Steel Corporation (X) opened at 25.53 on Monday. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 161.58 and a beta of 2.88. United States Steel Corporation has a 1-year low of $16.17 and a 1-year high of $41.83. The firm’s 50-day moving average is $24.97 and its 200-day moving average is $25.74.

United States Steel Corporation (NYSE:X) last announced its earnings results on Tuesday, July 25th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.66. The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $2.98 billion. United States Steel Corporation had a net margin of 0.24% and a return on equity of 6.50%. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same quarter last year, the company posted ($0.32) EPS. On average, equities analysts anticipate that United States Steel Corporation will post $1.76 EPS for the current year.

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The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Wednesday, August 9th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, August 7th. This represents a $0.20 annualized dividend and a yield of 0.78%. United States Steel Corporation’s dividend payout ratio (DPR) is currently 125.00%.

In other United States Steel Corporation news, Director Murry Gerber acquired 4,000 shares of the stock in a transaction dated Friday, September 1st. The shares were bought at an average cost of $26.89 per share, for a total transaction of $107,560.00. Following the completion of the acquisition, the director now directly owns 168,457 shares of the company’s stock, valued at $4,529,808.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Eugene Sperling acquired 1,000 shares of the stock in a transaction dated Friday, September 15th. The stock was acquired at an average price of $25.16 per share, for a total transaction of $25,160.00. Following the completion of the acquisition, the director now directly owns 3,009 shares of the company’s stock, valued at $75,706.44. The disclosure for this purchase can be found here. Insiders have acquired a total of 64,597 shares of company stock worth $1,764,452 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of X. BlackRock Inc. raised its holdings in shares of United States Steel Corporation by 12,021.7% in the first quarter. BlackRock Inc. now owns 14,279,755 shares of the basic materials company’s stock valued at $482,799,000 after purchasing an additional 14,161,952 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new position in shares of United States Steel Corporation in the second quarter valued at $37,749,000. Vanguard Group Inc. grew its stake in shares of United States Steel Corporation by 10.1% in the first quarter. Vanguard Group Inc. now owns 16,743,496 shares of the basic materials company’s stock valued at $566,096,000 after buying an additional 1,539,412 shares in the last quarter. Hodges Capital Management Inc. grew its stake in shares of United States Steel Corporation by 160.2% in the second quarter. Hodges Capital Management Inc. now owns 1,588,774 shares of the basic materials company’s stock valued at $35,175,000 after buying an additional 978,199 shares in the last quarter. Finally, Jennison Associates LLC bought a new position in shares of United States Steel Corporation in the second quarter valued at $20,786,000. Institutional investors own 63.36% of the company’s stock.

About United States Steel Corporation

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 Corporation (NYSE:X)

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