In yesterday’s Wall Street session, United States Steel Corporation (NYSE:X) shares traded at $25.15, up 0.56% from the previous session.
13 analysts cover United States Steel Corporation (NYSE:X), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $32.00 and a low of $19.41, we find $25.00. Given the previous closing price of $25.01, this indicates a potential downside of -0.04 percent. X stock price is now 10.87% away from the 50-day moving average and 3.28% away from the 200-day moving average. The market capitalization of the company currently stands at $5.57B.
The stock has received a hold rating from 7 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $25.82 as their price target over the next twelve months.
With the price target maintained at $19, Wolfe Research recently Downgraded its rating from Peer Perform to Underperform for United States Steel Corporation (NYSE: X).
In other news, Davis Alicia J., Director bought 1,000 shares of the company’s stock on May 03. The stock was bought for $22,645 at an average price of $22.64. Upon completion of the transaction, the Director now directly owns 8,704 shares in the company, valued at $0.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 03, Director Ayers Andrea J. bought 1,000 shares of the business’s stock. A total of $31,454 was incurred on buying the stock at an average price of $31.45. This leaves the insider owning 5,014 shares of the company worth $0.13 million. Insiders disposed of 476,557 shares of company stock worth roughly $11.99 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in X stock. A new stake in United States Steel Corporation shares was purchased by TOWLE & CO during the first quarter worth $22,188,000. ASSENAGON ASSET MANAGEMENT S.A. invested $17,580,000 in shares of X during the first quarter. In the first quarter, HRT FINANCIAL LP acquired a new stake in United States Steel Corporation valued at approximately $14,639,000. BORNITE CAPITAL MANAGEMENT LP acquired a new stake in X for approximately $13,230,000. MAN GROUP PLC purchased a new stake in X valued at around $9,304,000 in the second quarter. In total, there are 560 active investors with 79.20% ownership of the company’s stock.
On Monday morning United States Steel Corporation (NYSE: X) stock kicked off with the opening price of $25.17. During the past 12 months, United States Steel Corporation has had a low of $16.41 and a high of $31.55. As of last week, the company has a debt-to-equity ratio of 0.39, a current ratio of 1.90, and a quick ratio of 1.20. According to the stock market information, the enterprise value for the company is $6.96B, which is based on a 3.76 price-to-earnings ratio, a 0.47 price-to-earnings-growth ratio, and a beta of 2.16. The fifty day moving average price for X is $22.67 and a two-hundred day moving average price translates $24.38 for the stock.
The latest earnings results from United States Steel Corporation (NYSE: X) was released for Mar, 2023. According to the Steel Company, earnings per share came in at $0.77, beating analysts’ expectations of $0.64 by 0.13. This compares to $3.01 EPS in the same period last year. The net profit margin was 9.10% and return on equity was 17.90% for X. The company reported revenue of $4.47 billion for the quarter, compared to $5.23 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -14.6 percent. For the current quarter, analysts expect X to generate $5.06B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/07/2023. Investors who held shares on 05/08/2023 were paid a $0.05 dividend. On an annualized basis, this represents a $0.20 dividend and a 0.80% percent yield. There was an ex-dividend date of 05/05/2023 for this dividend. In terms of dividend payout ratio, X is presently at 2.70%.
United States Steel Corporation(X) Company Profile
United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through four segments: North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke. This segment serves customers in the service center, conversion, transportation, automotive, construction, container, appliance, and electrical markets. The Mini Mill segment provides hot-rolled, cold-rolled, and coated sheets and electrical products. This segment serves customers in the automotive, appliance, construction, container, transportation, and service center markets. The USSE segment provides slabs, strip mill plates, sheets, tin mill products, and spiral welded pipes. This segment serves customers in the construction, container, appliance and electrical, service center, conversion, oil, gas, and petrochemical markets. The Tubular segment offers seamless and electric resistance welded steel casing and tubing products, as well as standard and line pipe and mechanical tubing products primarily to customers in the oil, gas, and petrochemical markets. The company also engages in the real estate business. United States Steel Corporation was founded in 1901 and is headquartered in Pittsburgh, Pennsylvania.
