An issue of United States Steel Co. (NYSE:X) debt fell 2.5% as a percentage of its face value during trading on Monday. The high-yield debt issue has a 6.25% coupon and will mature on March 15, 2026. The bonds in the issue are now trading at $95.25 and were trading at $94.25 one week ago. Price changes in a company’s debt in credit markets often predict parallel changes in its share price.

A number of analysts recently commented on X shares. Zacks Investment Research upgraded shares of United States Steel from a “hold” rating to a “strong-buy” rating and set a $40.00 target price on the stock in a report on Sunday, July 8th. TheStreet upgraded shares of United States Steel from a “c” rating to a “b” rating in a report on Thursday, August 2nd. ValuEngine downgraded shares of United States Steel from a “hold” rating to a “sell” rating in a report on Friday, August 17th. Credit Suisse Group cut their price target on shares of United States Steel from $55.00 to $48.00 in a report on Thursday, August 23rd. Finally, Morgan Stanley lowered shares of United States Steel from an “overweight” rating to an “underweight” rating and cut their price target for the company from $44.00 to $30.00 in a report on Monday, August 27th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $40.02.

X stock traded up $0.89 during trading hours on Monday, hitting $28.86. The company’s stock had a trading volume of 8,820,379 shares, compared to its average volume of 10,197,353. The company has a quick ratio of 0.99, a current ratio of 1.62 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of 14.88, a P/E/G ratio of 0.60 and a beta of 2.92. United States Steel Co. has a 12 month low of $24.84 and a 12 month high of $47.64.

United States Steel (NYSE:X) last posted its earnings results on Friday, November 2nd. The basic materials company reported $1.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.73 by $0.06. The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.67 billion. United States Steel had a net margin of 5.01% and a return on equity of 21.69%. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 earnings per share. On average, research analysts expect that United States Steel Co. will post 5.82 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 9th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Thursday, November 8th. United States Steel’s dividend payout ratio is currently 10.31%.

United States Steel announced that its board has initiated a stock buyback program on Thursday, November 1st that permits the company to buyback $300.00 million in shares. This buyback authorization permits the basic materials company to repurchase up to 6.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake in United States Steel by 5.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,697,650 shares of the basic materials company’s stock valued at $163,244,000 after purchasing an additional 240,580 shares during the last quarter. Natixis raised its stake in United States Steel by 23.9% during the 2nd quarter. Natixis now owns 131,487 shares of the basic materials company’s stock valued at $4,569,000 after purchasing an additional 25,328 shares during the last quarter. James Investment Research Inc. raised its stake in United States Steel by 6.3% during the 2nd quarter. James Investment Research Inc. now owns 69,455 shares of the basic materials company’s stock valued at $2,414,000 after purchasing an additional 4,115 shares during the last quarter. Zacks Investment Management acquired a new position in United States Steel during the 2nd quarter valued at $218,000. Finally, Point72 Asset Management L.P. acquired a new position in United States Steel during the 2nd quarter valued at $8,847,000. 68.30% of the stock is owned by institutional investors and hedge funds.

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United States Steel Company Profile (NYSE:X)

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, rounds, strip mill plates, sheets, and tin mill products.

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