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.
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