United States Steel (NYSE:X) Given “Market Perform” Rating at BMO Capital Markets

United States Steel (NYSE:X)‘s stock had its “market perform” rating restated by equities research analysts at BMO Capital Markets in a report released on Monday,Benzinga reports. They presently have a $45.00 price target on the basic materials company’s stock. BMO Capital Markets’ price target would indicate a potential upside of 4.66% from the company’s current price.

Several other research firms have also commented on X. Bank of America started coverage on shares of United States Steel in a research note on Monday, January 6th. They set a “neutral” rating and a $35.00 price objective for the company. JPMorgan Chase & Co. upped their price target on United States Steel from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Morgan Stanley raised their price objective on United States Steel from $39.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Friday, March 7th. Finally, Jefferies Financial Group decreased their price target on United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.32.

United States Steel Stock Performance

Shares of United States Steel stock opened at $43.00 on Monday. United States Steel has a 12 month low of $26.92 and a 12 month high of $44.87. The stock’s fifty day moving average price is $38.52 and its 200-day moving average price is $37.21. The firm has a market cap of $9.73 billion, a P/E ratio of 28.86, a P/E/G ratio of 1.53 and a beta of 1.86. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36.

United States Steel (NYSE:X) last announced its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.38). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. On average, equities research analysts expect that United States Steel will post 1.43 earnings per share for the current fiscal year.

Institutional Trading of United States Steel

Large investors have recently made changes to their positions in the business. Norges Bank acquired a new position in United States Steel during the fourth quarter valued at $130,731,000. Forest Avenue Capital Management LP acquired a new position in shares of United States Steel in the 4th quarter valued at about $50,795,000. Holocene Advisors LP purchased a new stake in shares of United States Steel in the third quarter worth about $51,620,000. NWI Management LP acquired a new stake in United States Steel during the fourth quarter worth about $48,946,000. Finally, Duquesne Family Office LLC raised its position in United States Steel by 142.8% during the fourth quarter. Duquesne Family Office LLC now owns 1,610,040 shares of the basic materials company’s stock valued at $54,725,000 after acquiring an additional 946,950 shares in the last quarter. 81.92% of the stock is 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. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.