Shares of POSCO (NYSE:PKX) have been assigned an average rating of “Buy” from the eight research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $82.00.

A number of equities research analysts recently weighed in on PKX shares. BidaskClub downgraded POSCO from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 12th. Deutsche Bank raised POSCO from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Zacks Investment Research raised POSCO from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Wednesday, October 18th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PKX. Capital Growth Management LP acquired a new stake in POSCO during the third quarter valued at approximately $29,148,000. Assetmark Inc. raised its stake in shares of POSCO by 164,689.9% in the third quarter. Assetmark Inc. now owns 163,142 shares of the basic materials company’s stock valued at $11,322,000 after acquiring an additional 163,043 shares during the last quarter. LMR Partners LLP raised its stake in shares of POSCO by 57.0% in the second quarter. LMR Partners LLP now owns 387,825 shares of the basic materials company’s stock valued at $24,321,000 after acquiring an additional 140,787 shares during the last quarter. Athos Capital Ltd bought a new position in shares of POSCO in the second quarter valued at approximately $8,463,000. Finally, Northern Trust Corp raised its stake in shares of POSCO by 12.2% in the second quarter. Northern Trust Corp now owns 643,169 shares of the basic materials company’s stock valued at $40,256,000 after acquiring an additional 69,983 shares during the last quarter. 5.39% of the stock is currently owned by institutional investors.

POSCO (NYSE:PKX) traded down $1.14 during mid-day trading on Thursday, reaching $76.93. The company had a trading volume of 161,900 shares, compared to its average volume of 256,825. POSCO has a fifty-two week low of $50.37 and a fifty-two week high of $79.20. The firm has a market capitalization of $27,310.00, a P/E ratio of 13.99, a PEG ratio of 1.86 and a beta of 1.11. The company has a current ratio of 1.68, a quick ratio of 1.14 and a debt-to-equity ratio of 0.24.

WARNING: “POSCO (PKX) Receives Consensus Recommendation of “Buy” from Brokerages” was first published by American Banking News and is the property of of American Banking News. If you are reading this article on another domain, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this article can be read at https://www.americanbankingnews.com/2017/12/07/posco-pkx-receives-consensus-recommendation-of-buy-from-brokerages-2.html.

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.

Analyst Recommendations for POSCO (NYSE:PKX)

Receive News & Ratings for POSCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for POSCO and related companies with MarketBeat.com's FREE daily email newsletter.