POSCO (NYSE:PKX) has been given a consensus recommendation of “Buy” by the nine brokerages that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $98.00.
A number of research firms have weighed in on PKX. ValuEngine upgraded POSCO from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded POSCO from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Goldman Sachs Group upgraded POSCO from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 2nd. Finally, Deutsche Bank upgraded POSCO from a “hold” rating to a “buy” rating in a research note on Monday, December 4th.
Shares of POSCO (NYSE:PKX) traded down $2.03 during trading on Tuesday, reaching $84.53. The company had a trading volume of 41,115 shares, compared to its average volume of 280,054. POSCO has a 1-year low of $56.48 and a 1-year high of $93.12. The firm has a market cap of $27,698.16, a price-to-earnings ratio of 12.95, a PEG ratio of 1.80 and a beta of 1.27. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.12 and a current ratio of 1.64.
POSCO (NYSE:PKX) last posted its quarterly earnings results on Tuesday, November 28th. The basic materials company reported $2.42 earnings per share for the quarter. The firm had revenue of $13.53 billion during the quarter. POSCO had a return on equity of 5.84% and a net margin of 4.59%. analysts anticipate that POSCO will post 8.15 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the stock. Wealthsource Partners LLC lifted its holdings in POSCO by 24.3% during the 4th quarter. Wealthsource Partners LLC now owns 4,015 shares of the basic materials company’s stock worth $314,000 after purchasing an additional 785 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in POSCO during the 4th quarter worth approximately $227,000. LPL Financial LLC lifted its holdings in POSCO by 238.7% during the 4th quarter. LPL Financial LLC now owns 32,466 shares of the basic materials company’s stock worth $2,537,000 after purchasing an additional 22,881 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in POSCO by 106.8% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,004 shares of the basic materials company’s stock worth $157,000 after purchasing an additional 1,035 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in POSCO by 13.4% during the 4th quarter. Raymond James & Associates now owns 36,834 shares of the basic materials company’s stock worth $2,878,000 after purchasing an additional 4,360 shares during the last quarter. 5.39% 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.
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