Brokerages Set POSCO (PKX) Target Price at $98.00

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.

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

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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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)

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