POSCO (PKX) Upgraded to “Buy” by ValuEngine

POSCO (NYSE:PKX) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.

PKX has been the subject of several other reports. Zacks Investment Research raised shares of POSCO from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research report on Monday, January 15th. Goldman Sachs Group raised shares of POSCO from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 2nd. Finally, Deutsche Bank raised shares of POSCO from a “hold” rating to a “buy” rating in a research note on Monday, December 4th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $98.00.

Shares of POSCO (NYSE:PKX) traded down $3.52 during trading on Friday, hitting $87.17. 393,479 shares of the stock traded hands, compared to its average volume of 261,200. The stock has a market cap of $27,893.35, a PE ratio of 13.39, a PEG ratio of 1.81 and a beta of 1.27. POSCO has a 1-year low of $56.48 and a 1-year high of $93.12. 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 (NYSE:PKX) last announced its quarterly earnings results on Tuesday, November 28th. The basic materials company reported $2.42 earnings per share (EPS) for the quarter. The company had revenue of $13.53 billion for the quarter. POSCO had a net margin of 4.01% and a return on equity of 5.03%. equities research analysts expect that POSCO will post 8.15 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Barry Investment Advisors LLC purchased a new position in shares of POSCO during the 3rd quarter valued at approximately $216,000. Wealthsource Partners LLC bought a new stake in shares of POSCO in the third quarter worth about $224,000. Eagle Asset Management Inc. bought a new stake in shares of POSCO in the third quarter worth about $265,000. Eqis Capital Management Inc. bought a new stake in shares of POSCO in the third quarter worth about $347,000. Finally, OxFORD Asset Management LLP bought a new stake in shares of POSCO in the second quarter worth about $348,000. 5.37% of the stock is owned by institutional investors and hedge funds.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for POSCO (NYSE:PKX)

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