United States Steel Corporation (NYSE:X) shares traded -1.77% lower at $23.90 on Wall Street last session.
In accordance with the data, 13 analysts cover United States Steel Corporation (NYSE:X). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $30.00 and a low of $14.36, we find $25.00. Given the previous closing price of $24.33, this indicates a potential upside of 2.75 percent. X stock price is now 0.30% away from the 50-day moving average and -4.41% away from the 200-day moving average. The market capitalization of the company currently stands at $5.36B.
It has been rated a hold by 8 analysts and a buy by 1. Brokers who have rated the stock have averaged $23.82 as their price target over the next twelve months.
With the price target reduced from $24 to $23, JP Morgan maintained Neutral rating 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 $0.21 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 $0.12 million. Insiders disposed of 476,557 shares of company stock worth roughly $11.39 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 $21,044,000. HRT FINANCIAL LP invested $13,883,000 in shares of X during the first quarter. In the first quarter, BORNITE CAPITAL MANAGEMENT LP acquired a new stake in United States Steel Corporation valued at approximately $12,548,000. MAN GROUP PLC acquired a new stake in X for approximately $8,824,000. EXODUSPOINT CAPITAL MANAGEMENT, LP purchased a new stake in X valued at around $8,180,000 in the second quarter. In total, there are 589 active investors with 79.20% ownership of the company’s stock.
United States Steel Corporation (NYSE: X) opened at $23.78 on Tuesday. During the past 12 months, United States Steel Corporation has had a low of $17.89 and a high of $31.55. As of last week, the company has a debt-to-equity ratio of 0.40, a current ratio of 1.90, and a quick ratio of 1.30. According to the stock market information, the enterprise value for the company is $6.64B, which is based on a 4.64 price-to-earnings ratio, a 0.58 price-to-earnings-growth ratio, and a beta of 2.19. The fifty day moving average price for X is $23.88 and a two-hundred day moving average price translates $25.02 for the stock.
The latest earnings results from United States Steel Corporation (NYSE: X) was released for Jun, 2023. According to the Steel Company, earnings per share came in at $1.92, beating analysts’ expectations of $1.8 by 0.12. This compares to $3.41 EPS in the same period last year. The net profit margin was 7.00% and return on equity was 12.90% for X. The company reported revenue of $5.01 billion for the quarter, compared to $6.29 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -20.38 percent. For the current quarter, analysts expect X to generate $4.13B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/07/2023. Investors who held shares on 08/07/2023 were paid a $0.05 dividend. On an annualized basis, this represents a $0.20 dividend and a 0.84% percent yield. There was an ex-dividend date of 08/04/2023 for this dividend. In terms of dividend payout ratio, X is presently at 3.40%.
