United States Steel Corp. (X) Trading Up 3.2%
United States Steel Corp. (NYSE:X)’s share price was up 3.2% during mid-day trading on Monday . The stock traded as high as $20.45 and last traded at $20.42, with a volume of 5,570,669 shares changing hands. The stock had previously closed at $19.79.
Several equities analysts have recently weighed in on X shares. Citigroup Inc. started coverage on shares of United States Steel Corp. in a research note on Monday, August 22nd. They issued a “buy” rating and a $27.00 price target on the stock. Vetr raised shares of United States Steel Corp. from a “strong sell” rating to a “sell” rating and set a $17.05 price target on the stock in a research note on Monday, May 9th. Axiom Securities reissued a “sell” rating and issued a $5.00 price target on shares of United States Steel Corp. in a research note on Saturday, May 14th. Zacks Investment Research raised shares of United States Steel Corp. from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Thursday, June 30th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $16.00 price target (up from $15.00) on shares of United States Steel Corp. in a research note on Tuesday, July 12th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $20.24.
The stock’s market capitalization is $2.97 billion. The stock has a 50-day moving average price of $22.50 and a 200 day moving average price of $17.02.
United States Steel Corp. (NYSE:X) last released its earnings results on Tuesday, July 26th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.49) by $0.18. The firm earned $2.58 billion during the quarter, compared to analysts’ expectations of $2.68 billion. United States Steel Corp.’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.79) earnings per share. Analysts forecast that United States Steel Corp. will post ($0.65) EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, September 10th. Shareholders of record on Wednesday, August 10th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, August 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.99%.
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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