The United States Steel Corp. (X) Receives $22.69 Consensus Price Target from Brokerages

The United States Steel Corp. (X) Receives $22.69 Consensus Price Target from Brokerages

United States Steel Corp. (NYSE:X) has been assigned a consensus recommendation of “Hold” from the twenty-two analysts that are covering the stock. Four equities research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $22.69.

X has been the topic of a number of recent research reports. Zacks Investment Research upgraded United States Steel Corp. from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Monday, August 29th. Citigroup Inc. assumed coverage on United States Steel Corp. in a research report on Monday, August 22nd. They issued a “buy” rating and a $27.00 price objective on the stock. Rosenblatt Securities restated a “buy” rating and issued a $35.00 price objective (up previously from $25.00) on shares of United States Steel Corp. in a research report on Sunday, July 31st. Credit Suisse Group AG set a $29.00 price objective on United States Steel Corp. and gave the stock a “buy” rating in a research report on Thursday, September 22nd. Finally, Vetr lowered United States Steel Corp. from a “strong-buy” rating to a “buy” rating and set a $23.28 price objective on the stock. in a research report on Tuesday, November 8th.

United States Steel Corp. (NYSE:X) opened at 33.23 on Friday. The stock’s market capitalization is $5.73 billion. United States Steel Corp. has a 12-month low of $6.15 and a 12-month high of $33.78. The company has a 50 day moving average of $22.13 and a 200-day moving average of $19.64.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Friday, November 11th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Tuesday, November 8th. United States Steel Corp.’s dividend payout ratio (DPR) is presently -2.19%.

In other United States Steel Corp. news, VP David J. Rintoul sold 18,330 shares of the firm’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $28.19, for a total value of $516,722.70. Following the completion of the sale, the vice president now directly owns 61,957 shares of the company’s stock, valued at approximately $1,746,567.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.31% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of X. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in shares of United States Steel Corp. during the third quarter worth about $103,000. D.A. Davidson & CO. increased its stake in shares of United States Steel Corp. by 65.1% in the third quarter. D.A. Davidson & CO. now owns 5,550 shares of the company’s stock worth $104,000 after buying an additional 2,188 shares during the period. Advisor Group Inc. bought a new stake in shares of United States Steel Corp. during the second quarter worth about $120,000. DekaBank Deutsche Girozentrale increased its stake in shares of United States Steel Corp. by 61.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 8,337 shares of the company’s stock worth $133,000 after buying an additional 3,160 shares during the period. Finally, LS Investment Advisors LLC increased its stake in shares of United States Steel Corp. by 71.9% in the second quarter. LS Investment Advisors LLC now owns 8,787 shares of the company’s stock worth $148,000 after buying an additional 3,675 shares during the period. 65.67% of the stock is owned by institutional investors and hedge funds.

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