Should I buy or sell United States Steel stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for United States Steel in the last year. There are currently 3 sell ratings, 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" X shares. View X analyst ratings or view top-rated stocks .

What is United States Steel's stock price target for 2024?

11 Wall Street research analysts have issued 12-month price objectives for United States Steel's shares. Their X share price targets range from $19.00 to $40.00. On average, they expect the company's stock price to reach $28.10 in the next year. This suggests that the stock has a possible downside of 42.2%. View analysts price targets for X or view top-rated stocks among Wall Street analysts .

How have X shares performed in 2023?

United States Steel's stock was trading at $25.05 at the beginning of 2023. Since then, X stock has increased by 94.2% and is now trading at $48.65. View the best growth stocks for 2023 here .

When is United States Steel's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024. View our X earnings forecast .

How were United States Steel's earnings last quarter?

United States Steel Co. (NYSE:X) issued its quarterly earnings data on Thursday, October, 26th. The basic materials company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.25. The basic materials company had revenue of $4.43 billion for the quarter, compared to analysts' expectations of $4.39 billion. United States Steel had a net margin of 6.30% and a trailing twelve-month return on equity of 11.67%.

How often does United States Steel pay dividends? What is the dividend yield for United States Steel?

United States Steel declared a quarterly dividend on Thursday, October 26th. Investors of record on Monday, November 6th will be given a dividend of $0.05 per share on Thursday, December 7th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend is Friday, November 3rd. Read our dividend analysis for X .

Is United States Steel a good dividend stock?

United States Steel (NYSE:X) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.41%. The dividend payout ratio is 4.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, X will have a dividend payout ratio of 7.49% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for X .

What ETFs hold United States Steel's stock?

ETFs with the largest weight of United States Steel (NYSE:X) stock in their portfolio include First Trust Materials AlphaDEX Fund (FXZ) , SPDR S&P Metals & Mining ETF (XME) , VanEck Steel ETF (SLX) , Direxion Daily Metals & Mining Bull 2X Shares (MNM) , Invesco S&P MidCap 400 Pure Value ETF (RFV) , Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ) , Euclidean Fundamental Value ETF (ECML) and Invesco S&P MidCap 400 Revenue ETF (RWK) .

How will United States Steel's stock buyback program work?

United States Steel announced that its Board of Directors has authorized a stock repurchase program on Thursday, July 28th 2022, which authorizes the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 8.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its stock is undervalued.

What guidance has United States Steel issued on next quarter's earnings?

United States Steel updated its fourth quarter 2023 earnings guidance on Thursday, December, 14th. The company provided earnings per share guidance of 0.200-0.250 for the period, compared to the consensus EPS estimate of 0.190. The company issued revenue guidance of -.

What is David Burritt's approval rating as United States Steel's CEO?

116 employees have rated United States Steel Chief Executive Officer David Burritt on Glassdoor.com . David Burritt has an approval rating of 41% among the company's employees. This puts David Burritt in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. 45.0% of employees surveyed would recommend working at United States Steel to a friend.

What other stocks do shareholders of United States Steel own?

Based on aggregate information from My MarketBeat watchlists, some companies that other United States Steel investors own include NVIDIA (NVDA) , Bank of America (BAC) , Netflix (NFLX) , Alibaba Group (BABA) , Micron Technology (MU) , Tesla (TSLA) , Ford Motor (F) , Advanced Micro Devices (AMD) , General Electric (GE) and AK Steel (AKS) .

How do I buy shares of United States Steel?

Shares of X stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:X

United States Steel (X) Stock Price, News & Analysis

$48.65

-0.01 (-0.02%)

(As of 12/29/2023 ET)

Compare

Today's Range: $48.64
▼
$48.95
50-Day Range: $31.67
▼
$49.59
52-Week Range: $20.40
▼
$50.20

Volume: 3.62 million shs
Average Volume: 11.22 million shs
Market Capitalization: $10.85 billion

P/E Ratio: 10.69
Dividend Yield: 0.41%
Price Target: $28.10

United States Steel MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.82 Rating Score
Upside/Downside: 42.2% Downside
$28.10 Price Target
Short Interest: Healthy
5.35% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -4.31
Upright™ Environmental Score
News Sentiment: 0.64
Based on 10 Articles This Week
Insider Trading: Selling Shares
$13.21 M Sold Last Quarter
Proj. Earnings Growth: -35.51%
From $4.14 to $2.67 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.73 out of 5 stars

Basic Materials Sector

128th out of 161 stocks

Blast Furnaces & Steel Mills Industry

11th out of 13 stocks

0.9

Analyst's Opinion

Consensus Rating
United States Steel has received a consensus rating of Reduce. The company's average rating score is 1.82, and is based on 1 buy rating, 7 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $28.10, United States Steel has a forecasted downside of 42.2% from its current price of $48.65.
Amount of Analyst Coverage
United States Steel has only been the subject of 4 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
5.35% of the float of United States Steel has been sold short.
Short Interest Ratio / Days to Cover
United States Steel has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in United States Steel has recently decreased by 10.27%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
United States Steel has a dividend yield of 0.41%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
United States Steel does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of United States Steel is 4.40%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, United States Steel will have a dividend payout ratio of 7.49% next year. This indicates that United States Steel will be able to sustain or increase its dividend.

0.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
United States Steel has received a -89.43% net impact score from Upright. The largest negative impact of United States Steel in category "GHG emissions" seems to be driven mostly by its "Tin plates", "Steel coating services", "Carbon steel pipes", and "Stainless steel pipes" products. See details.
Environmental Sustainability
The Environmental Impact score for United States Steel is -4.31.

3.7

News and Social Media Coverage

News Sentiment
United States Steel has a news sentiment score of 0.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.40 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for United States Steel this week, compared to 8 articles on an average week.
Search Interest
94 people have searched for X on MarketBeat in the last 30 days. This is an increase of 32% compared to the previous 30 days.
MarketBeat Follows
23 people have added United States Steel to their MarketBeat watchlist in the last 30 days. This is an increase of 667% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, United States Steel insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $13,209,655.00 in company stock.
Percentage Held by Insiders
Only 0.98% of the stock of United States Steel is held by insiders.
Percentage Held by Institutions
74.60% of the stock of United States Steel is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for United States Steel are expected to decrease by -35.51% in the coming year, from $4.14 to $2.67 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of United States Steel is 10.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 109.03.
Price to Earnings Ratio vs. Sector
The P/E ratio of United States Steel is 10.69, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 97.20.
Price to Book Value per Share Ratio
United States Steel has a P/B Ratio of 1.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About United States Steel Stock (NYSE:X)

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through four segments: North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke. This segment serves customers in the service center, conversion, transportation, automotive, construction, container, appliance, and electrical markets. The Mini Mill segment provides hot-rolled, cold-rolled, and coated sheets and electrical steel products. This segment serves customers in the automotive, appliance, construction, container, pipe and tube, sheet converter, electrical, industrial equipment, and service center markets. The USSE segment provides slabs, strip mill plates, sheets, tin mill products, and spiral welded pipes. This segment serves customers in the construction, container, appliance and electrical, service center, conversion, oil, gas, and petrochemical markets. The Tubular segment offers seamless and electric resistance welded steel casing and tubing products, as well as standard and line pipe and mechanical tubing products primarily to customers in the oil, gas, and petrochemical markets. The company also engages in the real estate business. United States Steel Corporation was founded in 1901 and is headquartered in Pittsburgh, Pennsylvania.

X Stock Price History

30 days | 90 days | 365 days | Advanced Chart

X Stock News Headlines

December 23, 2023 | marketbeat.com

MarketBeat Week in Review – 12/18 - 12/22 (X)

The torrid stock market rally cooled down a little bit heading into the extended holiday weekend; we wish you a Happy Holiday season with friends and family

December 21, 2023 | marketbeat.com

US Steel forges ahead on news of $14.1 billion acquisition

US Steel soared on Japanese giant Nippon Steel's $14.1 billion offer, which outbid Cleveland-Cliffs. Politicians and unions have concerns over the acquisition

December 31, 2023 | MarketBeat Internal (Ad)

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December 18, 2023 | marketbeat.com

United States Steel, NIO rise; Masonite Mirum Pharmaceuticals fall, Monday, 12/18/2023

Stocks that are trading heavily or have substantial price changes on Monday: United States Steel, NIO rise; Masonite Mirum Pharmaceuticals fall

December 31, 2023 | americanbankingnews.com

United States Steel (NYSE:X) Now Covered by StockNews.com

December 30, 2023 | fool.com

Does the U.S. Steel Deal Mark the End of an Era?

December 29, 2023 | msn.com

Newmont And Newcrest Finalize Exchange Offers; Cleveland-Cliffs Prioritizes Buybacks Post US Steel Bid

December 28, 2023 | finance.yahoo.com

U.S. Steel CEO Sells $13 Million Worth of Stock Through Plan

December 31, 2023 | MarketBeat Internal (Ad)

MarketBeat All Access New Year's Sale - Just $1.00

December 27, 2023 | msn.com

Former Louisiana AG Probes US Steel-Nippon Deal; Ascent Industries Divests Pipe Unit For $55M

December 27, 2023 | finance.yahoo.com

U.S. Steel Is No Longer a Force. The Nippon Steel Purchase Puts It Back in the Spotlight.

December 25, 2023 | americanbankingnews.com

United States Steel Co. Expected to Earn FY2023 Earnings of $4.14 Per Share (NYSE:X)

December 23, 2023 | msn.com

Joe Biden Faces Democrat Rebellion Over US Steel Sale to Nippon

December 23, 2023 | americanbankingnews.com

United States Steel Co. (NYSE:X) CEO Sells $12,625,424.58 in Stock

December 23, 2023 | americanbankingnews.com

StockNews.com Begins Coverage on United States Steel (NYSE:X)

December 22, 2023 | finance.yahoo.com

Inflation has improved, Biden's approval rating has not

December 21, 2023 | msn.com

White House calls for serious scrutiny of US Steel planned $14B sale to Nippon Steel