POSCO (NYSE:PKX) was upgraded by research analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a report issued on Tuesday.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of POSCO from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Deutsche Bank raised shares of POSCO from a “hold” rating to a “buy” rating in a report on Monday, December 4th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. POSCO currently has an average rating of “Buy” and a consensus price target of $82.00.
Shares of POSCO (PKX) traded up $1.22 during trading on Tuesday, reaching $86.36. 331,623 shares of the company’s stock were exchanged, compared to its average volume of 367,574. The company has a market cap of $26,351.01, a price-to-earnings ratio of 13.27, a PEG ratio of 1.86 and a beta of 1.13. POSCO has a 1-year low of $50.37 and a 1-year high of $86.99. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.14 and a current ratio of 1.68.
Several large investors have recently bought and sold shares of PKX. Capital Growth Management LP purchased a new stake in shares of POSCO in the 3rd quarter worth about $29,148,000. Assetmark Inc. lifted its position in shares of POSCO by 164,689.9% in the 3rd quarter. Assetmark Inc. now owns 163,142 shares of the basic materials company’s stock worth $11,322,000 after purchasing an additional 163,043 shares during the period. Northern Trust Corp lifted its position in shares of POSCO by 12.2% in the 2nd quarter. Northern Trust Corp now owns 643,169 shares of the basic materials company’s stock worth $40,256,000 after purchasing an additional 69,983 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of POSCO in the 3rd quarter worth about $4,268,000. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of POSCO in the 3rd quarter worth about $3,174,000. 5.37% of the stock is owned by hedge funds and other institutional investors.
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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