POSCO (PKX) Given Average Recommendation of “Buy” by Brokerages

POSCO (NYSE:PKX) has been given a consensus rating of “Buy” by the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $98.00.

Several research firms recently issued reports on PKX. ValuEngine upgraded POSCO from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded POSCO from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a report on Monday, January 15th. Goldman Sachs Group raised POSCO from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 2nd. Finally, Deutsche Bank raised POSCO from a “hold” rating to a “buy” rating in a research note on Monday, December 4th.

POSCO (NYSE:PKX) traded down $2.03 during trading on Tuesday, reaching $84.53. The company had a trading volume of 41,115 shares, compared to its average volume of 280,054. The company has a market capitalization of $27,698.16, a PE ratio of 12.95, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27. POSCO has a fifty-two week low of $56.48 and a fifty-two week high of $93.12. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.12 and a current ratio of 1.64.

POSCO (NYSE:PKX) last posted its quarterly earnings results on Tuesday, November 28th. The basic materials company reported $2.42 earnings per share (EPS) for the quarter. The business had revenue of $13.53 billion for the quarter. POSCO had a return on equity of 5.84% and a net margin of 4.59%. research analysts predict that POSCO will post 8.15 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Ladenburg Thalmann Financial Services Inc. lifted its stake in POSCO by 106.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,004 shares of the basic materials company’s stock valued at $157,000 after buying an additional 1,035 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of POSCO during the fourth quarter worth about $204,000. Ellington Management Group LLC acquired a new stake in shares of POSCO during the fourth quarter worth about $211,000. Segall Bryant & Hamill LLC acquired a new stake in shares of POSCO during the fourth quarter worth about $227,000. Finally, Barry Investment Advisors LLC acquired a new stake in shares of POSCO during the third quarter worth about $216,000. 5.39% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another site, it was stolen and reposted in violation of United States & international copyright & trademark law. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/20/posco-pkx-given-average-recommendation-of-buy-by-brokerages.html.

About POSCO

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.

Analyst Recommendations for POSCO (NYSE:PKX)

Receive News & Ratings for POSCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for POSCO and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply