Axiom Securities reaffirmed their sell rating on shares of United States Steel Corporation (NYSE:X) in a report issued on Thursday.

Several other brokerages have also recently issued reports on X. Jefferies Group LLC reissued a buy rating and issued a $50.00 price objective on shares of United States Steel Corporation in a research note on Wednesday, April 26th. Vetr lowered United States Steel Corporation from a strong-buy rating to a buy rating and set a $38.38 price objective for the company. in a report on Tuesday, April 11th. Deutsche Bank AG raised their target price on United States Steel Corporation from $40.00 to $45.00 and gave the stock a buy rating in a research note on Tuesday, March 21st. Morgan Stanley reaffirmed a buy rating and set a $34.00 price target (down from $48.00) on shares of United States Steel Corporation in a research report on Monday, May 1st. Finally, Standpoint Research raised United States Steel Corporation from a hold rating to a buy rating and set a $28.00 price target on the stock in a research report on Wednesday, June 7th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $28.67.

Shares of United States Steel Corporation (X) traded up 0.8818% during midday trading on Thursday, reaching $23.5559. The company had a trading volume of 2,583,907 shares. The company has a 50-day moving average price of $20.78 and a 200 day moving average price of $30.22. United States Steel Corporation has a one year low of $15.72 and a one year high of $41.83. The company’s market capitalization is $4.11 billion.

United States Steel Corporation (NYSE:X) last released its quarterly earnings results on Tuesday, April 25th. The basic materials company reported ($0.83) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $1.18. United States Steel Corporation had a negative net margin of 2.63% and a negative return on equity of 3.48%. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.91 billion. During the same period in the prior year, the firm posted ($2.15) EPS. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. Equities analysts anticipate that United States Steel Corporation will post $0.99 earnings per share for the current fiscal year.

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In other United States Steel Corporation news, Director David Sutherland bought 10,000 shares of the stock in a transaction that occurred on Friday, May 12th. The stock was acquired at an average cost of $19.96 per share, with a total value of $199,600.00. Following the purchase, the director now owns 98,919 shares in the company, valued at $1,974,423.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Anthony Mascarenas bought 1,500 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were acquired at an average cost of $19.31 per share, with a total value of $28,965.00. Following the completion of the purchase, the director now owns 12,377 shares in the company, valued at approximately $238,999.87. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 14,000 shares of company stock worth $278,415. Corporate insiders own 1.00% of the company’s stock.

A number of large investors have recently made changes to their positions in X. Northwestern Mutual Investment Management Company LLC increased its position in United States Steel Corporation by 1.1% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 30,036 shares of the basic materials company’s stock worth $1,016,000 after buying an additional 315 shares during the period. World Asset Management Inc boosted its stake in United States Steel Corporation by 2.6% in the first quarter. World Asset Management Inc now owns 13,485 shares of the basic materials company’s stock valued at $456,000 after buying an additional 342 shares during the last quarter. Texas Permanent School Fund boosted its stake in United States Steel Corporation by 0.3% in the first quarter. Texas Permanent School Fund now owns 126,189 shares of the basic materials company’s stock valued at $4,266,000 after buying an additional 407 shares during the last quarter. Capstone Asset Management Co. boosted its stake in United States Steel Corporation by 3.6% in the second quarter. Capstone Asset Management Co. now owns 15,371 shares of the basic materials company’s stock valued at $340,000 after buying an additional 540 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in United States Steel Corporation by 0.9% in the first quarter. Arizona State Retirement System now owns 72,500 shares of the basic materials company’s stock valued at $2,451,000 after buying an additional 645 shares during the last quarter. 66.83% of the stock is owned by institutional investors and hedge funds.

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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