United States Steel (NYSE:X) Upgraded at BNP Paribas

BNP Paribas upgraded shares of United States Steel (NYSE:X) from a neutral rating to an outperform rating in a research note released on Friday, MarketBeat Ratings reports. BNP Paribas currently has $40.00 price objective on the basic materials company’s stock.

A number of other research analysts have also commented on X. Jefferies Financial Group reduced their price target on shares of United States Steel from $47.00 to $41.00 and set a buy rating for the company in a research report on Thursday, September 5th. StockNews.com began coverage on United States Steel in a research report on Monday, August 19th. They set a hold rating for the company. Morgan Stanley upped their target price on United States Steel from $48.00 to $49.00 and gave the stock an overweight rating in a research note on Thursday, August 15th. JPMorgan Chase & Co. lowered their price objective on shares of United States Steel from $43.00 to $40.00 and set a neutral rating on the stock in a research report on Tuesday, July 16th. Finally, BMO Capital Markets upgraded shares of United States Steel from a market perform rating to an outperform rating and upped their target price for the stock from $43.00 to $45.00 in a research report on Wednesday, June 26th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $39.76.

United States Steel Trading Up 5.0 %

NYSE X opened at $32.82 on Friday. The stock has a market capitalization of $7.38 billion, a price-to-earnings ratio of 9.62 and a beta of 1.88. The business’s fifty day moving average is $38.64 and its 200-day moving average is $39.32. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.72 and a quick ratio of 1.14. United States Steel has a one year low of $26.92 and a one year high of $50.20.

United States Steel (NYSE:X) last announced its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.12. The company had revenue of $4.12 billion during the quarter, compared to analyst estimates of $4.01 billion. United States Steel had a return on equity of 7.93% and a net margin of 3.40%. The firm’s revenue for the quarter was down 17.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.92 EPS. Equities research analysts predict that United States Steel will post 2.19 EPS for the current year.

United States Steel Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Monday, August 12th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.61%. The ex-dividend date is Monday, August 12th. United States Steel’s dividend payout ratio (DPR) is currently 5.87%.

Hedge Funds Weigh In On United States Steel

A number of institutional investors have recently bought and sold shares of the stock. Rothschild Investment LLC purchased a new position in United States Steel during the second quarter valued at $26,000. Riverview Trust Co bought a new position in shares of United States Steel in the 1st quarter worth about $29,000. Newbridge Financial Services Group Inc. purchased a new position in United States Steel during the 1st quarter valued at about $41,000. Blue Trust Inc. boosted its stake in United States Steel by 339.0% during the second quarter. Blue Trust Inc. now owns 1,001 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 773 shares in the last quarter. Finally, Pineridge Advisors LLC bought a new position in shares of United States Steel during the fourth quarter valued at approximately $44,000. 81.92% of the stock is owned by institutional investors.

United States Steel Company Profile

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.