POSCO (PKX) Receives $98.00 Average Target Price from Brokerages

Shares of POSCO (NYSE:PKX) have been given a consensus recommendation of “Buy” by the eight brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $98.00.

PKX has been the subject of several research reports. Zacks Investment Research lowered shares of POSCO from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Goldman Sachs upgraded shares of POSCO from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 2nd. Finally, ValuEngine lowered shares of POSCO from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th.

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Several institutional investors and hedge funds have recently made changes to their positions in the business. Wealthsource Partners LLC boosted its holdings in shares of POSCO by 24.3% in the fourth quarter. Wealthsource Partners LLC now owns 4,015 shares of the basic materials company’s stock worth $314,000 after buying an additional 785 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of 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 worth $157,000 after buying an additional 1,035 shares during the period. Sei Investments Co. boosted its holdings in shares of POSCO by 17.8% in the third quarter. Sei Investments Co. now owns 7,083 shares of the basic materials company’s stock worth $492,000 after buying an additional 1,072 shares during the period. Bank of Montreal Can boosted its holdings in shares of POSCO by 7.8% in the fourth 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 period. Finally, Eagle Asset Management Inc. boosted its holdings in shares of POSCO by 40.4% in the fourth quarter. Eagle Asset Management Inc. now owns 5,295 shares of the basic materials company’s stock worth $443,000 after buying an additional 1,523 shares during the period. Institutional investors own 5.27% of the company’s stock.

NYSE:PKX opened at $76.97 on Wednesday. POSCO has a twelve month low of $56.48 and a twelve month high of $93.12. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.64 and a quick ratio of 1.12. The stock has a market cap of $24,498.28, a PE ratio of 11.76, a price-to-earnings-growth ratio of 1.59 and a beta of 1.35.

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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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