In yesterday’s Wall Street session, United States Steel Corp. (NYSE:X) shares traded at $31.57, down -1.50% from the previous session.
As of this writing, 11 analysts cover United States Steel Corp. (NYSE:X). 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 $14.36, we find $25.00. Given the previous closing price of $32.05, this indicates a potential downside of -22.0 percent. X stock price is now 11.28% away from the 50-day moving average and 20.56% away from the 200-day moving average. The market capitalization of the company currently stands at $7.04B.
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 $24.19 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 Corp. (NYSE: X).
In other news, Buckiso Scott D, SVP & Chief Mfg Officer – NAFR sold 8,970 shares of the company’s stock on Sep 05. The stock was sold for $279,460 at an average price of $31.16. Upon completion of the transaction, the SVP & Chief Mfg Officer – NAFR now directly owns 106,854 shares in the company, valued at $3.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 30, SVP & Chief Comm. Officer Jaycox Kenneth E sold 10,756 shares of the business’s stock. A total of $330,736 was realized by selling the stock at an average price of $30.75. This leaves the insider owning 85,480 shares of the company worth $2.7 million. Insiders disposed of 566,230 shares of company stock worth roughly $17.88 million over the past 1 year. A total of 1.41% 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 Corp. shares was purchased by ANOMALY CAPITAL MANAGEMENT, LP during the first quarter worth $44,754,000. THOMIST CAPITAL MANAGEMENT, LP invested $4,736,000 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 Corp. valued at approximately $3,946,000. OCCUDO QUANTITATIVE STRATEGIES LP acquired a new stake in X for approximately $3,251,000. PEARL RIVER CAPITAL, LLC purchased a new stake in X valued at around $3,212,000 in the second quarter. In total, there are 589 active investors with 77.17% ownership of the company’s stock.
Tuesday morning saw United States Steel Corp. (NYSE: X) opened at $31.97. During the past 12 months, United States Steel Corp. 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 0.41, a current ratio of 1.92, and a quick ratio of 1.30. According to the stock market information, the enterprise value for the company is $8.45B, which is based on a 6.07 price-to-earnings ratio, a 0.76 price-to-earnings-growth ratio, and a beta of 2.12. The fifty day moving average price for X is $28.51 and a two-hundred day moving average price translates $26.21 for the stock.
The latest earnings results from United States Steel Corp. (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 7.05% and return on equity was 12.81% 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 $4.35B 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 0.63% 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 2.18%.
