United States Steel Corp. (X) Shares Up 3.2%
Shares of United States Steel Corp. (NYSE:X) shot 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 brokerages have recently commented on X. Rosenblatt Securities reiterated a “buy” rating and set a $35.00 price objective (up previously from $25.00) on shares of United States Steel Corp. in a report on Sunday, July 31st. Morgan Stanley reiterated a “hold” rating and set a $19.00 price objective on shares of United States Steel Corp. in a report on Thursday, July 28th. Zacks Investment Research lowered United States Steel Corp. from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Clarkson Capital upgraded United States Steel Corp. from a “sell” rating to a “neutral” rating in a report on Tuesday, August 2nd. Finally, Barclays PLC increased their price objective on United States Steel Corp. from $16.00 to $22.00 and gave the company an “equal weight” rating in a report on Wednesday, August 3rd. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. United States Steel Corp. has an average rating of “Hold” and an average target price of $20.18.
The firm has a 50-day moving average price of $22.52 and a 200-day moving average price of $17.34. The firm’s market cap is $2.80 billion.
United States Steel Corp. (NYSE:X) last announced its earnings results on Tuesday, July 26th. The company reported ($0.31) EPS for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.18. During the same period in the previous year, the company posted ($0.79) earnings per share. The business earned $2.58 billion during the quarter, compared to analysts’ expectations of $2.68 billion. United States Steel Corp.’s quarterly revenue was down 10.9% on a year-over-year basis. On average, equities research analysts predict that United States Steel Corp. will post ($0.65) earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, September 10th. Investors of record on Wednesday, August 10th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, August 8th. This represents a $0.20 annualized dividend and a yield of 1.03%.
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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