POSCO (PKX) Receives Average Rating of “Hold” from Analysts

POSCO (NYSE:PKX) has been given an average recommendation of “Hold” by the six brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company.

A number of brokerages recently commented on PKX. Zacks Investment Research lowered POSCO from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 25th. ValuEngine lowered POSCO from a “hold” rating to a “sell” rating in a report on Saturday, July 14th. Daiwa Capital Markets began coverage on POSCO in a report on Monday, September 10th. They set an “outperform” rating on the stock. Goldman Sachs Group lowered POSCO from a “buy” rating to a “neutral” rating in a report on Monday, October 8th. Finally, Morgan Stanley began coverage on POSCO in a report on Wednesday. They set a “weight” rating on the stock.

PKX stock opened at $58.21 on Wednesday. POSCO has a twelve month low of $55.40 and a twelve month high of $93.12. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.14 and a current ratio of 1.67. The company has a market capitalization of $21.12 billion, a PE ratio of 9.30, a P/E/G ratio of 1.30 and a beta of 1.35.

POSCO (NYSE:PKX) last posted its earnings results on Tuesday, September 4th. The basic materials company reported $1.56 earnings per share for the quarter. The company had revenue of $14.96 billion for the quarter. POSCO had a return on equity of 6.21% and a net margin of 4.77%. Equities research analysts anticipate that POSCO will post 9.35 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in POSCO by 118.1% during the second quarter. BlackRock Inc. now owns 884,732 shares of the basic materials company’s stock worth $65,576,000 after acquiring an additional 479,082 shares during the period. Northern Trust Corp raised its stake in shares of POSCO by 3.3% in the second quarter. Northern Trust Corp now owns 692,901 shares of the basic materials company’s stock valued at $51,358,000 after buying an additional 22,413 shares during the period. Bank of America Corp DE raised its stake in shares of POSCO by 2.2% in the second quarter. Bank of America Corp DE now owns 435,235 shares of the basic materials company’s stock valued at $32,261,000 after buying an additional 9,556 shares during the period. Aperio Group LLC raised its stake in shares of POSCO by 9.4% in the second quarter. Aperio Group LLC now owns 286,541 shares of the basic materials company’s stock valued at $21,238,000 after buying an additional 24,612 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of POSCO by 0.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 244,520 shares of the basic materials company’s stock valued at $18,124,000 after buying an additional 1,956 shares during the period. Institutional investors and hedge funds own 5.17% of the company’s stock.

POSCO Company Profile

POSCO manufactures and sells steel rolled products and plates in South Korea and internationally. It operates through four segments: Steel, Construction, Trading, and Others. The company offers hot and cold rolled steel, steel plates, wire rods, galvanized and electrical galvanized steel, electrical and stainless steel, automotive materials, titanium, magnesium, and aluminum-plated products.

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