United States Steel (NYSE:X) Given New $22.00 Price Target at The Goldman Sachs Group & More News Here

United States Steel (NYSE:X – Get Rating) had its worth goal dropped by equities analysis analysts at The Goldman Sachs Group from $36.00 to $22.00 in a report launched on Tuesday, The Fly experiences. The Goldman Sachs Group’s worth goal factors to a possible draw back of 17.23% from the corporate’s earlier shut.

X has been the subject of a number of different analysis experiences. JPMorgan Chase & Co. elevated their goal worth on United States Steel from $30.00 to $33.00 and gave the corporate an “underweight” score in a analysis word on Thursday, March twenty fourth. InventoryNews.com raised United States Steel from a “hold” score to a “buy” score in a analysis word on Tuesday, May seventeenth. Morgan Stanley raised United States Steel from an “underweight” score to an “equal weight” score and elevated their goal worth for the corporate from $21.00 to $31.00 in a analysis word on Sunday, March sixth. Finally, Zacks Investment Research raised United States Steel from a “hold” score to a “strong-buy” score and set a $29.00 worth goal on the inventory in a analysis report on Thursday, May nineteenth. Three equities analysis analysts have rated the inventory with a promote score, three have issued a maintain score, three have issued a purchase score and one has issued a powerful purchase score to the corporate. Based on knowledge from MarketBeat.com, the inventory at the moment has a consensus score of “Hold” and a median goal worth of $30.44.

Shares of X inventory opened at $26.58 on Tuesday. United States Steel has a 12 month low of $17.98 and a 12 month excessive of $39.25. The agency has a market cap of $6.93 billion, a PE ratio of 1.54 and a beta of two.00. The inventory has a 50 day shifting common of $31.63 and a 200-day shifting common of $27.25. The firm has a fast ratio of 1.30, a present ratio of 1.90 and a debt-to-equity ratio of 0.40.

United States Steel (NYSE:X – Get Rating) final issued its earnings outcomes on Thursday, April twenty eighth. The primary supplies firm reported $3.05 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $0.05. United States Steel had a return on fairness of 54.02% and a web margin of 23.01%. The enterprise had income of $5.23 billion through the quarter, in comparison with analyst estimates of $5.26 billion. During the identical interval within the prior yr, the corporate posted $1.08 earnings per share. United States Steel’s income was up 42.8% on a year-over-year foundation. As a gaggle, equities analysts predict that United States Steel will put up 12.15 EPS for the present fiscal yr.

In different information, VP James E. Bruno offered 71,699 shares of United States Steel inventory in a transaction that occurred on Friday, March 4th. The inventory was offered at a median worth of $30.56, for a complete transaction of $2,191,121.44. The sale was disclosed in a submitting with the Securities & Exchange Commission, which is offered via this hyperlink. Also, CAO Manpreet Grewal offered 3,505 shares of United States Steel inventory in a transaction that occurred on Friday, April twenty ninth. The inventory was offered at a median worth of $33.00, for a complete worth of $115,665.00. Following the transaction, the chief accounting officer now owns 23,913 shares of the corporate’s inventory, valued at $789,129. The disclosure for this sale might be discovered right here. Over the final 90 days, insiders offered 195,343 shares of firm inventory valued at $6,804,448. Corporate insiders personal 1.20% of the corporate’s inventory.

A variety of giant buyers have lately added to or diminished their stakes in X. Amundi Pioneer Asset Management Inc. lifted its holdings in United States Steel by 1.8% through the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 159,943 shares of the fundamental supplies firm’s inventory price $3,117,000 after buying an extra 2,795 shares over the last quarter. Public Sector Pension Investment Board acquired a brand new place in United States Steel within the third quarter valued at $546,000. Geode Capital Management LLC raised its holdings in United States Steel by 21.5% within the third quarter. Geode Capital Management LLC now owns 4,016,864 shares of the fundamental supplies firm’s inventory valued at $88,498,000 after buying an extra 709,967 shares within the final quarter. The Manufacturers Life Insurance Company raised its holdings in United States Steel by 8.8% within the third quarter. The Manufacturers Life Insurance Company now owns 319,108 shares of the fundamental supplies firm’s inventory valued at $7,011,000 after buying an extra 25,793 shares within the final quarter. Finally, Macquarie Group Ltd. raised its holdings in United States Steel by 36.0% within the third quarter. Macquarie Group Ltd. now owns 9,290 shares of the fundamental supplies firm’s inventory valued at $204,000 after buying an extra 2,459 shares within the final quarter. 72.56% of the inventory is owned by institutional buyers and hedge funds.

About United States Steel (Get Rating)

United States Steel Corporation produces and sells flat-rolled and tubular metal merchandise primarily in North America and Europe. It operates via 4 segments: North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled section provides slabs, strip mill plates, sheets, and tin mill merchandise, in addition to iron ore and coke.

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This on the spot information alert was generated by narrative science expertise and monetary knowledge from MarketBeat with a purpose to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to [email protected]

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