United States Steel Corp. (X) Trading Up 6.2%
United States Steel Corp. (NYSE:X) shares were up 6.2% on Monday . The company traded as high as $22.45 and last traded at $22.37, with a volume of 11,977,664 shares changing hands. The stock had previously closed at $21.06.
A number of research analysts have weighed in on X shares. Vetr cut shares of United States Steel Corp. from a “sell” rating to a “strong sell” rating and set a $16.63 price target on the stock. in a research report on Monday, May 2nd. BMO Capital Markets reaffirmed a “hold” rating on shares of United States Steel Corp. in a research report on Wednesday, April 27th. Morgan Stanley reissued a “hold” rating and set a $19.00 target price on shares of United States Steel Corp. in a research report on Thursday, July 28th. Axiom Securities reissued a “sell” rating on shares of United States Steel Corp. in a research report on Monday, May 23rd. Finally, Zacks Investment Research cut shares of United States Steel Corp. from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $18.36.
The firm has a 50 day moving average of $21.51 and a 200-day moving average of $16.05. The company’s market capitalization is $3.27 billion.
United States Steel Corp. (NYSE:X) last posted its quarterly earnings data on Tuesday, July 26th. The company reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.49) by $0.18. During the same period in the prior year, the company posted ($0.79) earnings per share. The business earned $2.58 billion during the quarter, compared to the consensus estimate of $2.68 billion. The firm’s revenue was down 10.9% compared to the same quarter last year. On average, analysts forecast that United States Steel Corp. will post ($0.74) EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 10th. Stockholders of record on Wednesday, August 10th will be given a $0.05 dividend. The ex-dividend date is Monday, August 8th. This represents a $0.20 annualized dividend and a dividend yield of 0.90%.
A hedge fund recently raised its stake in United States Steel Corp. stock. California Public Employees Retirement System raised its stake in shares of United States Steel Corp. (NYSE:X) by 17.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 495,600 shares of the company’s stock after buying an additional 72,500 shares during the period. California Public Employees Retirement System owned approximately 0.34% of United States Steel Corp. worth $3,955,000 as of its most recent SEC filing.
United States Steel Corporation (U. S. Steel) 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).
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