United States Steel Corp. (X) Shares Up 2.7%
United States Steel Corp. (NYSE:X) shares shot up 2.7% during mid-day trading on Monday . The company traded as high as $20.96 and last traded at $20.93, with a volume of 10,571,436 shares. The stock had previously closed at $20.38.
A number of brokerages recently issued reports on X. Argus upgraded shares of United States Steel Corp. from a “hold” rating to a “buy” rating and lifted their price target for the stock from $25.49 to $30.00 in a research note on Thursday, July 28th. Jefferies Group upgraded shares of United States Steel Corp. from an “underperform” rating to a “hold” rating and set a $24.50 price target for the company in a research note on Wednesday, August 3rd. Vetr upgraded shares of United States Steel Corp. from a “sell” rating to a “hold” rating and set a $23.03 price target for the company in a research note on Monday, August 15th. Credit Suisse Group AG set a $29.00 price target on shares of United States Steel Corp. and gave the stock a “buy” rating in a research note on Wednesday, July 27th. Finally, Cowen and Company reiterated a “market perform” rating and issued a $18.00 price target (up previously from $8.00) on shares of United States Steel Corp. in a research note on Thursday, April 28th. Six investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the stock. United States Steel Corp. currently has an average rating of “Hold” and an average price target of $20.03.
The firm has a 50-day moving average price of $22.38 and a 200-day moving average price of $16.79. The company’s market cap is $3.07 billion.
United States Steel Corp. (NYSE:X) last released its earnings results on Tuesday, July 26th. The company reported ($0.31) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.49) by $0.18. During the same quarter last year, the company posted ($0.79) earnings per share. The business had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.68 billion. The business’s quarterly revenue was down 10.9% compared to the same quarter last year. Equities analysts predict that United States Steel Corp. will post ($0.65) earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 10th. Investors of record on Wednesday, August 10th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.95%. The ex-dividend date is Monday, August 8th.
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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