Shares of POSCO (NYSE:PKX) have earned a consensus rating of “Buy” from the nine analysts that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $98.00.
Several brokerages have recently weighed in on PKX. Zacks Investment Research raised POSCO from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research report on Monday, January 15th. ValuEngine lowered POSCO from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Goldman Sachs Group raised POSCO from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 2nd. Finally, Deutsche Bank raised POSCO from a “hold” rating to a “buy” rating in a research report on Monday, December 4th.
Shares of POSCO (NYSE PKX) traded down $0.15 during midday trading on Friday, hitting $88.99. The stock had a trading volume of 140,018 shares, compared to its average volume of 282,297. 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 has a 1-year low of $56.48 and a 1-year high of $93.12. The firm has a market cap of $29,259.71, a price-to-earnings ratio of 14.05, a PEG ratio of 1.90 and a beta of 1.13.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Lourd Capital LLC acquired a new stake in shares of POSCO during the 4th quarter worth about $761,000. Schwab Charles Investment Management Inc. grew its stake in POSCO by 8.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 229,697 shares of the basic materials company’s stock worth $17,947,000 after buying an additional 18,850 shares during the last quarter. Bank of Montreal Can grew its stake in POSCO by 7.8% during the 4th quarter. Bank of Montreal Can now owns 18,497 shares of the basic materials company’s stock worth $1,446,000 after buying an additional 1,342 shares during the last quarter. KCS Wealth Advisory purchased a new position in POSCO during the 4th quarter worth approximately $900,000. Finally, Parametric Portfolio Associates LLC grew its stake in POSCO by 7.8% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 283,366 shares of the basic materials company’s stock worth $19,666,000 after buying an additional 20,457 shares during the last quarter. 5.37% of the stock is currently owned by institutional investors and hedge funds.
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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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