POSCO (NYSE:PKX) was downgraded by equities researchers at Standpoint Research from a “buy” rating to a “hold” rating in a research report issued on Monday.

Other analysts have also issued reports about the company. BidaskClub upgraded POSCO from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. UBS AG upgraded POSCO from a “neutral” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, CLSA upgraded POSCO from an “underperform” rating to an “outperform” rating in a research note on Thursday, July 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $64.00.

Shares of POSCO (PKX) traded up 1.63% on Monday, hitting $75.51. The company had a trading volume of 114,468 shares. POSCO has a 1-year low of $47.45 and a 1-year high of $76.04. The firm has a market capitalization of $24.16 billion, a price-to-earnings ratio of 14.87 and a beta of 1.13. The company has a 50 day moving average price of $66.25 and a 200 day moving average price of $61.99.

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Several institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in POSCO by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 3,092,632 shares of the basic materials company’s stock worth $199,437,000 after buying an additional 112,528 shares during the last quarter. Vanguard Group Inc. boosted its stake in POSCO by 2.5% in the first quarter. Vanguard Group Inc. now owns 693,767 shares of the basic materials company’s stock worth $44,748,000 after buying an additional 16,974 shares during the last quarter. State Street Corp boosted its stake in POSCO by 9.6% in the first quarter. State Street Corp now owns 435,670 shares of the basic materials company’s stock worth $28,100,000 after buying an additional 38,259 shares during the last quarter. LMR Partners LLP boosted its stake in POSCO by 57.0% in the second quarter. LMR Partners LLP now owns 387,825 shares of the basic materials company’s stock worth $24,321,000 after buying an additional 140,787 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in POSCO by 917.6% in the first quarter. Sei Investments Co. now owns 365,328 shares of the basic materials company’s stock worth $23,564,000 after buying an additional 329,426 shares during the last quarter. Hedge funds and other institutional investors own 5.96% of the company’s stock.

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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