POSCO (NYSE:PKX) Downgraded by Wall Street Zen to “Hold”

POSCO (NYSE:PKX) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

A number of other equities research analysts also recently issued reports on the stock. Weiss Ratings raised shares of POSCO from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, April 22nd. Zacks Research upgraded shares of POSCO from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Finally, UBS Group upgraded shares of POSCO from a “neutral” rating to a “buy” rating in a research report on Monday, April 27th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

POSCO Stock Performance

NYSE:PKX opened at $60.79 on Friday. The company has a market cap of $18.39 billion, a price-to-earnings ratio of 35.97 and a beta of 1.52. POSCO has a 1 year low of $44.99 and a 1 year high of $92.40. The stock’s 50 day simple moving average is $71.09 and its two-hundred day simple moving average is $63.01. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.90 and a quick ratio of 1.30.

POSCO (NYSE:PKX) last posted its earnings results on Thursday, April 30th. The basic materials company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. POSCO had a return on equity of 1.34% and a net margin of 1.19%.The firm had revenue of $11.88 billion during the quarter, compared to the consensus estimate of $11.75 billion. As a group, equities analysts anticipate that POSCO will post 4.56 earnings per share for the current fiscal year.

Institutional Trading of POSCO

Several institutional investors have recently added to or reduced their stakes in PKX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of POSCO during the fourth quarter valued at approximately $25,000. Founders Capital Management raised its holdings in shares of POSCO by 100.0% in the third quarter. Founders Capital Management now owns 600 shares of the basic materials company’s stock worth $30,000 after buying an additional 300 shares during the period. Allworth Financial LP lifted its stake in shares of POSCO by 51.6% during the 3rd quarter. Allworth Financial LP now owns 682 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 232 shares during the last quarter. Headlands Technologies LLC lifted its stake in shares of POSCO by 1,276.9% during the 2nd quarter. Headlands Technologies LLC now owns 1,432 shares of the basic materials company’s stock worth $69,000 after acquiring an additional 1,328 shares during the last quarter. Finally, Inspire Investing LLC purchased a new position in POSCO during the 4th quarter valued at $85,000.

About POSCO

POSCO (NYSE: PKX) is a South Korea–based integrated steel producer founded in 1968 as Pohang Iron and Steel Company. Headquartered in Pohang, the company grew rapidly as part of South Korea’s industrialization program and developed large, integrated steelworks—most notably in Pohang and Gwangyang—that helped establish POSCO among the world’s largest steelmakers. It is structured as a diversified industrial group with steelmaking at its core and a range of downstream and trading businesses.

The company’s primary activities include ironmaking and steelmaking, producing a wide array of steel products such as hot-rolled and cold-rolled sheets, coated steels, plates, stainless and special steels, long products (bars and wire rods), and seamless pipes.