POSCO (PKX) Cut to Hold at ValuEngine
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.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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