United States Steel Co. (NYSE:X) has been given a “B” credit rating by Morningstar. The investment research firm’s “B” rating indicates that the company is a high default risk. They also gave their stock a three star rating.

Several other equities analysts have also recently weighed in on X. Bank of America reaffirmed a “sell” rating on shares of United States Steel in a research note on Friday, October 2nd. Barclays reaffirmed a “hold” rating on shares of United States Steel in a research note on Monday, October 5th. Deutsche Bank reaffirmed a “buy” rating and set a $25.00 target price (down from $37.00) on shares of United States Steel in a research note on Monday, October 5th. Zacks Investment Research cut shares of United States Steel from a “hold” rating to a “sell” rating in a research note on Wednesday, October 7th. Finally, Vetr cut shares of United States Steel from a “strong-buy” rating to a “buy” rating and set a $13.47 target price for the company. in a research note on Wednesday, October 7th. Eight equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $12.83.

United States Steel (NYSE:X) opened at 7.00 on Friday. United States Steel has a 52-week low of $6.15 and a 52-week high of $27.68. The firm’s 50-day moving average is $7.67 and its 200-day moving average is $12.08. The stock’s market cap is $1.02 billion.

United States Steel (NYSE:X) last announced its quarterly earnings results on Tuesday, January 26th. The company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.83) by $0.60. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.52 billion. The company’s revenue was down 36.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.82 EPS. Equities research analysts predict that United States Steel will post ($2.23) earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 10th. Shareholders of record on Thursday, February 11th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, February 9th. This represents a $0.20 dividend on an annualized basis and a yield of 2.86%.

An institutional investor recently raised its position in United States Steel stock. MUFG Americas increased its position in shares of United States Steel Co. (NYSE:X) by 7.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,470 shares of the company’s stock after buying an additional 1,079 shares during the period. MUFG Americas’ holdings in United States Steel were worth $172,000 as of its most recent SEC filing.

United States Steel Corporation (NYSE:X) is a steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-rolled Products (Flat-rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular). The results of the Company’s railroad and real estate businesses are combined under the Other Businesses category. The Flat-rolled Products segment includes the operating results of all facilities within U. S. Steel’s integrated steel plants in the United States, except the Fairfield pipe facility. The USSE segment includes the operating results of U. S. Steel Kosice (USSK), the Company’s steel plant and coke production facilities in Slovakia. The Tubular segment includes the operating results of U. S. Steel’s tubular production facilities, primarily in the United States, and equity investees in the United States and Brazil.

12 Month Chart for NYSE:X

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