Investment analysts at Seaport Global Securities started coverage on shares of United States Steel (NYSE:X) in a research report issued on Thursday, The Fly reports. The firm set a “buy” rating on the basic materials company’s stock.

A number of other research firms have also recently commented on X. Zacks Investment Research raised shares of United States Steel from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Tuesday, July 17th. TheStreet raised shares of United States Steel from a “c” rating to a “b” rating in a research report on Thursday, August 2nd. Morgan Stanley cut shares of United States Steel from an “overweight” rating to an “underweight” rating and reduced their target price for the stock from $44.00 to $30.00 in a research report on Monday, August 27th. Credit Suisse Group reduced their target price on shares of United States Steel from $55.00 to $48.00 in a research report on Thursday, August 23rd. Finally, ValuEngine cut shares of United States Steel from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $41.08.

Shares of X stock opened at $28.07 on Thursday. The company has a market cap of $5.40 billion, a price-to-earnings ratio of 14.47, a price-to-earnings-growth ratio of 0.66 and a beta of 3.11. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.66. United States Steel has a fifty-two week low of $24.45 and a fifty-two week high of $47.64.

United States Steel (NYSE:X) last announced its quarterly earnings results on Wednesday, August 1st. The basic materials company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.33. United States Steel had a net margin of 4.09% and a return on equity of 18.70%. The firm had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the previous year, the company posted $1.07 earnings per share. United States Steel’s revenue was up 14.8% compared to the same quarter last year. As a group, equities research analysts anticipate that United States Steel will post 5.81 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in United States Steel by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 4,697,650 shares of the basic materials company’s stock valued at $163,244,000 after purchasing an additional 240,580 shares during the last quarter. Natixis increased its stake in United States Steel by 23.9% during the second quarter. Natixis now owns 131,487 shares of the basic materials company’s stock valued at $4,569,000 after purchasing an additional 25,328 shares during the last quarter. James Investment Research Inc. increased its stake in United States Steel by 6.3% during the second quarter. James Investment Research Inc. now owns 69,455 shares of the basic materials company’s stock valued at $2,414,000 after purchasing an additional 4,115 shares during the last quarter. Zacks Investment Management bought a new stake in United States Steel during the second quarter valued at $218,000. Finally, Point72 Asset Management L.P. bought a new stake in United States Steel during the second quarter valued at $8,847,000. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

About United States Steel

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, rounds, strip mill plates, sheets, and tin mill products.

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Analyst Recommendations for United States Steel (NYSE:X)

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