In yesterday’s Wall Street session, United States Steel Corporation (NYSE:X) shares traded at $30.29, down -0.53% from the previous session.
As of this writing, 11 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 $30.45, this indicates a potential downside of -17.9 percent. X stock price is now 18.63% away from the 50-day moving average and 18.68% away from the 200-day moving average. The market capitalization of the company currently stands at $6.79B.
There are 7 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $23.62 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, Bruno James E., Sr. VP – European Solutions sold 58,812 shares of the company’s stock on Aug 14. The stock was sold for $1,881,984 at an average price of $32.00. Upon completion of the transaction, the Sr. VP – European Solutions now directly owns 56,548 shares in the company, valued at $1.71 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 14, SVP, GC & CCO Holloway Duane D sold 23,406 shares of the business’s stock. A total of $725,586 was realized by selling the stock at an average price of $31.00. This leaves the insider owning 105,800 shares of the company worth $3.2 million. Insiders disposed of 479,151 shares of company stock worth roughly $14.51 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 ANOMALY CAPITAL MANAGEMENT, LP during the first quarter worth $42,939,000. THOMIST CAPITAL MANAGEMENT, LP invested $4,544,000 in shares of X during the first quarter. In the first quarter, LLOYD HARBOR CAPITAL MANAGEMENT, LLC acquired a new stake in United States Steel Corporation valued at approximately $3,786,000. OCCUDO QUANTITATIVE STRATEGIES LP acquired a new stake in X for approximately $3,119,000. PEARL RIVER CAPITAL, LLC purchased a new stake in X valued at around $3,082,000 in the second quarter. In total, there are 589 active investors with 79.20% ownership of the company’s stock.
Friday morning saw United States Steel Corporation (NYSE: X) opened at $30.56. During the past 12 months, United States Steel Corporation has had a low of $17.89 and a high of $32.52. 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 $8.06B, which is based on a 5.88 price-to-earnings ratio, a 0.74 price-to-earnings-growth ratio, and a beta of 2.09. The fifty day moving average price for X is $25.67 and a two-hundred day moving average price translates $25.57 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 $4.34B 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 0.66% 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%.
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.
