Stocks of United States Steel Corp. (NYSE:X) traded higher last session on Wall Street, up 1.62% to $42.61.
X stock price is now -3.93% away from the 50-day moving average and 16.98% away from the 200-day moving average. The market capitalization of the company currently stands at $9.53B.
With the price target maintained at $46, Wolfe Research recently Upgraded its rating from Peer Perform to Outperform for United States Steel Corp. (NYSE: X). On February 15, 2024, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock increasing its target price from $40 to quote $51, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, BURRITT DAVID B, Pres. & CEO sold 252,458 shares of the company’s stock on Dec 18 ’23. The stock was sold for $12,626,182 at an average price of $50.01. Upon completion of the transaction, the Pres. & CEO now directly owns 581,609 shares in the company, valued at $24.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 18 ’23, SVP Adv. Tech. Steelmaking Brown Daniel R sold 5,000 shares of the business’s stock. A total of $248,850 was realized by selling the stock at an average price of $49.77. This leaves the insider owning 86,968 shares of the company worth $3.71 million. A total of 1.55% of the company’s stock is owned by insiders.
During the past 12 months, United States Steel Corp. has had a low of $20.40 and a high of $50.20. As of last week, the company has a debt-to-equity ratio of 0.39, a current ratio of 1.76, and a quick ratio of 1.22. According to the stock market information, the enterprise value for the company is $10.82B, which is based on a 12.23 price-to-earnings ratio, a 1.53 price-to-earnings-growth ratio, and a beta of 2.05. The fifty day moving average price for X is $44.35 and a two-hundred day moving average price translates $36.43 for the stock.
The latest earnings results from United States Steel Corp. (NYSE: X) was released for Dec, 2023. According to the Steel Company, earnings per share came in at $0.67, beating analysts’ expectations of $0.26 by 0.41. This compares to $0.85 EPS in the same period last year. The net profit margin was 4.95% and return on equity was 8.42% for X. The company reported revenue of $4.14 billion for the quarter, compared to $4.34 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.47 percent. For the current quarter, analysts expect X to generate $4.16B in revenue.
