Shares of POSCO (NYSE:PKX) have earned a consensus recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company.
Several equities analysts have recently issued reports on the stock. ValuEngine downgraded shares of POSCO from a “sell” rating to a “strong sell” rating in a report on Wednesday, April 24th. Zacks Investment Research raised shares of POSCO from a “sell” rating to a “hold” rating in a report on Tuesday, April 2nd.
Shares of PKX traded up $0.27 during midday trading on Wednesday, hitting $51.23. 139,400 shares of the stock traded hands, compared to its average volume of 188,119. POSCO has a 1-year low of $46.89 and a 1-year high of $84.94. The company has a market cap of $17.82 billion, a price-to-earnings ratio of 10.76 and a beta of 1.08. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.24 and a current ratio of 1.83.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Friday, March 29th were issued a $0.341 dividend. This represents a $1.36 annualized dividend and a yield of 2.66%. The ex-dividend date was Thursday, March 28th. POSCO’s payout ratio is currently 28.78%.
Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its holdings in POSCO by 10.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 87,794 shares of the basic materials company’s stock valued at $5,795,000 after acquiring an additional 8,185 shares during the last quarter. Bank of Montreal Can raised its holdings in POSCO by 5.6% during the 4th quarter. Bank of Montreal Can now owns 19,186 shares of the basic materials company’s stock worth $1,053,000 after buying an additional 1,015 shares during the period. Advisor Partners LLC acquired a new stake in POSCO during the 4th quarter worth about $201,000. Oppenheimer Asset Management Inc. raised its holdings in POSCO by 6.3% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 8,150 shares of the basic materials company’s stock worth $448,000 after buying an additional 482 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in POSCO by 9.1% during the 4th quarter. Advisors Asset Management Inc. now owns 36,429 shares of the basic materials company’s stock worth $2,001,000 after buying an additional 3,035 shares during the period. 4.56% of the stock is owned by institutional investors and hedge funds.
POSCO Company Profile
POSCO manufactures and sells steel rolled products and plates in South Korea and internationally. It operates through four segments: Steel, Construction, Trading, and Others. The company offers hot and cold rolled steel, wire rods, galvanized and electrical galvanized steel, steel plates, electrical and stainless steel, and titanium.
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