POSCO (NYSE:PKX) Rating Lowered to Hold at ValuEngine

ValuEngine lowered shares of POSCO (NYSE:PKX) from a buy rating to a hold rating in a report published on Saturday, January 13th.

A number of other equities research analysts also recently commented on the company. Goldman Sachs Group upgraded POSCO from a neutral rating to a buy rating in a research report on Tuesday, January 2nd. Zacks Investment Research downgraded POSCO from a buy rating to a hold rating in a research report on Tuesday, December 26th. Finally, Deutsche Bank upgraded POSCO from a hold rating to a buy rating in a research report on Monday, December 4th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. POSCO currently has a consensus rating of Buy and an average target price of $98.00.

POSCO (PKX) traded down $3.52 during trading hours on Friday, reaching $87.17. The company’s stock had a trading volume of 393,479 shares, compared to its average volume of 261,200. POSCO has a twelve month low of $56.48 and a twelve month high of $93.12. The company has a market capitalization of $27,893.35, a price-to-earnings ratio of 13.39, a PEG ratio of 1.81 and a beta of 1.27. The company has a quick ratio of 1.14, a current ratio of 1.68 and a debt-to-equity ratio of 0.24.

POSCO (NYSE:PKX) last announced its quarterly earnings data on Tuesday, November 28th. The basic materials company reported $2.42 EPS for the quarter. The business had revenue of $13.53 billion for the quarter. POSCO had a return on equity of 5.03% and a net margin of 4.01%. equities analysts anticipate that POSCO will post 8.15 earnings per share for the current year.

A number of large investors have recently made changes to their positions in PKX. Barry Investment Advisors LLC purchased a new stake in POSCO during the third quarter worth $216,000. Wealthsource Partners LLC purchased a new stake in POSCO during the third quarter worth $224,000. Eagle Asset Management Inc. purchased a new stake in POSCO during the third quarter worth $265,000. Strategic Global Advisors LLC lifted its holdings in POSCO by 0.3% during the second quarter. Strategic Global Advisors LLC now owns 4,306 shares of the basic materials company’s stock worth $270,000 after buying an additional 15 shares during the period. Finally, Eqis Capital Management Inc. purchased a new stake in shares of POSCO during the 3rd quarter valued at $347,000. 5.37% of the stock is currently owned by institutional investors.

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POSCO is a Korea-based company principally engaged in the manufacture and distribution of steel products. The Company operates in four segments: steel, trading, construction, and others. The steel segment includes production of steel products and sale of such products. The trading segment consists of global trading activities of POSCO Daewoo Corporation, exporting and importing a range of steel products that are both obtained from and supplied to it, as well as between other suppliers and purchasers in Korea and overseas.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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