BMO Capital Markets Reiterates Market Perform Rating for United States Steel (NYSE:X)

United States Steel (NYSE:X)‘s stock had its “market perform” rating restated by BMO Capital Markets in a report released on Monday, Marketbeat.com reports. They currently have a $45.00 target price on the basic materials company’s stock. BMO Capital Markets’ target price points to a potential upside of 6.70% from the stock’s previous close.

Several other equities analysts have also issued reports on X. Jefferies Financial Group dropped their price objective on United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Morgan Stanley raised their target price on shares of United States Steel from $39.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Friday, March 7th. Bank of America assumed coverage on shares of United States Steel in a research report on Monday, January 6th. They issued a “neutral” rating and a $35.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price objective on shares of United States Steel from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $41.32.

United States Steel Trading Down 0.2 %

NYSE X opened at $42.17 on Monday. United States Steel has a 52 week low of $26.92 and a 52 week high of $44.87. The firm has a 50 day moving average of $38.75 and a two-hundred day moving average of $37.31. The stock has a market capitalization of $9.55 billion, a PE ratio of 28.30, a price-to-earnings-growth ratio of 1.53 and a beta of 1.86. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36.

United States Steel (NYSE:X) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. As a group, research analysts expect that United States Steel will post 1.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Centre Asset Management LLC purchased a new stake in shares of United States Steel during the 1st quarter worth $8,758,000. Wellington Management Group LLP grew its position in United States Steel by 1.8% during the fourth quarter. Wellington Management Group LLP now owns 216,382 shares of the basic materials company’s stock worth $7,355,000 after buying an additional 3,837 shares during the period. Heck Capital Advisors LLC purchased a new position in United States Steel in the fourth quarter valued at about $554,000. Forum Financial Management LP lifted its position in shares of United States Steel by 7.5% during the 4th quarter. Forum Financial Management LP now owns 7,051 shares of the basic materials company’s stock valued at $240,000 after acquiring an additional 490 shares during the period. Finally, Inspire Trust Co. N.A. acquired a new stake in shares of United States Steel during the 4th quarter valued at approximately $1,292,000. Institutional investors and hedge funds own 81.92% of the company’s stock.

About United States Steel

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.