POSCO (NYSE:PKX) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other analysts also recently issued reports on the company. Goldman Sachs Group raised POSCO from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 2nd. Zacks Investment Research cut POSCO from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Finally, Deutsche Bank upgraded POSCO from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $82.00.

POSCO (NYSE PKX) traded up $2.77 during trading hours on Friday, reaching $90.34. The company’s stock had a trading volume of 341,693 shares, compared to its average volume of 200,389. The company has a quick ratio of 1.14, a current ratio of 1.68 and a debt-to-equity ratio of 0.24. POSCO has a twelve month low of $52.88 and a twelve month high of $90.56. The stock has a market capitalization of $30,830.00, a P/E ratio of 13.00, a P/E/G ratio of 1.98 and a beta of 1.12.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Strategic Global Advisors LLC grew its position in shares of POSCO by 0.3% in the second quarter. Strategic Global Advisors LLC now owns 4,306 shares of the basic materials company’s stock valued at $270,000 after purchasing an additional 15 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in shares of POSCO by 1.0% in the second quarter. Oppenheimer & Co. Inc. now owns 5,738 shares of the basic materials company’s stock valued at $359,000 after purchasing an additional 57 shares in the last quarter. Willis Investment Counsel grew its position in shares of POSCO by 0.5% in the second quarter. Willis Investment Counsel now owns 47,515 shares of the basic materials company’s stock valued at $2,974,000 after purchasing an additional 235 shares in the last quarter. Zacks Investment Management grew its position in shares of POSCO by 2.3% in the second quarter. Zacks Investment Management now owns 31,957 shares of the basic materials company’s stock valued at $2,000,000 after purchasing an additional 713 shares in the last quarter. Finally, TCW Group Inc. grew its position in shares of POSCO by 6.1% in the third quarter. TCW Group Inc. now owns 17,500 shares of the basic materials company’s stock valued at $1,215,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 5.37% of the company’s stock.

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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.

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Analyst Recommendations for POSCO (NYSE:PKX)

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