Brokerages Set United States Steel Co. (NYSE:X) Price Target at $41.32

United States Steel Co. (NYSE:X) has earned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $41.32.

Several brokerages recently weighed in on X. Jefferies Financial Group reduced their price target on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Morgan Stanley boosted 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 report on Friday, March 7th. Bank of America started coverage on shares of United States Steel in a report on Monday, January 6th. They issued a “neutral” rating and a $35.00 price target for the company. JPMorgan Chase & Co. boosted their price objective on United States Steel from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $45.00 price objective on shares of United States Steel in a research note on Monday, March 31st.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in X. Bessemer Group Inc. grew its position in shares of United States Steel by 64.0% during the 4th quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company’s stock worth $25,000 after buying an additional 277 shares in the last quarter. Ameliora Wealth Management Ltd. purchased a new stake in United States Steel in the fourth quarter worth about $27,000. ORG Wealth Partners LLC bought a new position in United States Steel during the 4th quarter worth about $30,000. Parkworth Wealth Management Inc. purchased a new position in United States Steel during the 4th quarter valued at about $31,000. Finally, Lee Danner & Bass Inc. bought a new stake in shares of United States Steel in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 81.92% of the company’s stock.

United States Steel Stock Performance

X opened at $44.60 on Friday. The stock has a market capitalization of $10.10 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 1.53 and a beta of 1.79. United States Steel has a fifty-two week low of $26.92 and a fifty-two week high of $44.87. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. The company has a fifty day moving average of $39.08 and a 200 day moving average of $37.43.

United States Steel (NYSE:X) last announced its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.18) EPS 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, sell-side analysts forecast that United States Steel will post 1.43 earnings per share for the current fiscal year.

United States Steel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a yield of 0.45%. United States Steel’s payout ratio is 13.42%.

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.