POSCO (PKX) Receives Consensus Rating of “Buy” from Analysts
Shares of POSCO (NYSE:PKX) have been assigned a consensus rating of “Buy” from the seven analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $64.00.
A number of research analysts recently weighed in on PKX shares. UBS AG upgraded shares of POSCO from a “neutral” rating to a “buy” rating in a research note on Thursday. Macquarie cut shares of POSCO from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 14th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rational Advisors LLC boosted its position in POSCO by 100.0% in the first quarter. Rational Advisors LLC now owns 1,800 shares of the basic materials company’s stock worth $116,000 after buying an additional 900 shares during the period. MAVEN SECURITIES Ltd purchased a new position in POSCO during the first quarter worth $187,000. Barry Investment Advisors LLC purchased a new position in POSCO during the first quarter worth $213,000. Raymond James Financial Services Advisors Inc. purchased a new position in POSCO during the first quarter worth $229,000. Finally, Teza Capital Management LLC purchased a new position in POSCO during the first quarter worth $237,000. Institutional investors own 6.07% of the company’s stock.
POSCO (NYSE PKX) traded up 2.29% on Monday, hitting $66.01. 122,588 shares of the stock traded hands. The company’s 50 day moving average price is $61.01 and its 200-day moving average price is $59.52. POSCO has a 52-week low of $43.46 and a 52-week high of $66.63. The stock has a market cap of $21.12 billion, a price-to-earnings ratio of 13.30 and a beta of 1.09.
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POSCO is an integrated steel producer. The Company operates in four segments: steel, trading, engineering and 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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