POSCO (PKX) Receives Consensus Recommendation of “Buy” from Brokerages
POSCO (NYSE:PKX) has received an average rating of “Buy” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $82.00.
Several analysts recently commented on PKX shares. CLSA raised POSCO from an “underperform” rating to an “outperform” rating in a research note on Thursday, July 20th. Standpoint Research lowered POSCO from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. BidaskClub lowered POSCO from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 12th. Finally, Zacks Investment Research lowered POSCO from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th.
Institutional investors have recently bought and sold shares of the business. Barry Investment Advisors LLC acquired a new position in POSCO in the third quarter worth $216,000. Eagle Asset Management Inc. acquired a new position in POSCO in the third quarter worth $265,000. Strategic Global Advisors LLC boosted its stake in POSCO by 0.3% in the second quarter. Strategic Global Advisors LLC now owns 4,306 shares of the basic materials company’s stock worth $270,000 after purchasing an additional 15 shares in the last quarter. Marshall Wace North America L.P. acquired a new position in POSCO in the second quarter worth $293,000. Finally, Eqis Capital Management Inc. acquired a new position in POSCO in the third quarter worth $347,000. 5.14% of the stock is currently owned by institutional investors.
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Shares of POSCO (NYSE:PKX) traded up $0.60 during mid-day trading on Friday, reaching $72.03. The company had a trading volume of 151,800 shares, compared to its average volume of 185,173. The company has a current ratio of 1.58, a quick ratio of 1.06 and a debt-to-equity ratio of 0.24. The firm has a market cap of $23,048.74, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 1.72 and a beta of 1.12. POSCO has a twelve month low of $50.37 and a twelve month high of $77.76.
POSCO Company Profile
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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