United States Steel (X) Downgraded by Vertical Group to Sell
United States Steel (NYSE:X) was downgraded by analysts at Vertical Group from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, The Fly reports.
Several other analysts also recently weighed in on the stock. Morgan Stanley dropped their target price on shares of United States Steel from $46.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 6th. Cowen reaffirmed a “market perform” rating and issued a $41.00 price objective (up from $40.00) on shares of United States Steel in a report on Thursday, February 1st. ValuEngine raised shares of United States Steel from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Credit Suisse Group upped their price objective on shares of United States Steel from $34.00 to $48.00 and gave the company an “outperform” rating in a report on Tuesday, January 30th. Finally, Longbow Research raised shares of United States Steel from a “neutral” rating to a “buy” rating in a report on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $37.00.
United States Steel (NYSE:X) opened at $43.57 on Tuesday. The stock has a market cap of $7,684.34, a P/E ratio of 19.99, a PEG ratio of 1.36 and a beta of 2.79. United States Steel has a 12-month low of $18.55 and a 12-month high of $47.64. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.75 and a quick ratio of 1.11.
In other United States Steel news, VP Colleen M. Darragh sold 1,060 shares of the company’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $37.85, for a total transaction of $40,121.00. Following the completion of the transaction, the vice president now directly owns 18,076 shares in the company, valued at $684,176.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Sara A. Greenstein sold 2,613 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $45.33, for a total transaction of $118,447.29. Following the transaction, the vice president now owns 51,250 shares of the company’s stock, valued at $2,323,162.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 128,831 shares of company stock valued at $5,195,060. Company insiders own 1.00% of the company’s stock.
Large investors have recently bought and sold shares of the business. Banco de Sabadell S.A acquired a new position in United States Steel during the fourth quarter worth $100,000. We Are One Seven LLC purchased a new stake in shares of United States Steel during the fourth quarter worth $132,000. CoreCommodity Management LLC purchased a new stake in shares of United States Steel during the fourth quarter worth $152,000. US Bancorp DE grew its holdings in shares of United States Steel by 81.2% during the fourth quarter. US Bancorp DE now owns 4,563 shares of the basic materials company’s stock worth $160,000 after buying an additional 2,045 shares in the last quarter. Finally, Calamos Advisors LLC purchased a new stake in shares of United States Steel during the fourth quarter worth $201,000. Institutional investors own 68.34% of the company’s stock.
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About United States Steel
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).
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