POSCO (NYSE:PKX) Lifted to Buy at StockNews.com

POSCO (NYSE:PKX) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.

POSCO Trading Down 1.7 %

Shares of POSCO stock traded down $1.06 during trading on Friday, hitting $60.02. 175,234 shares of the company were exchanged, compared to its average volume of 134,493. The firm has a market capitalization of $18.22 billion, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 0.46 and a beta of 1.42. POSCO has a 1-year low of $58.00 and a 1-year high of $98.00. The firm’s fifty day moving average price is $65.89 and its 200 day moving average price is $67.58. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.03 and a quick ratio of 1.45.

POSCO (NYSE:PKX) last posted its earnings results on Thursday, July 25th. The basic materials company reported $1.14 earnings per share (EPS) for the quarter. POSCO had a return on equity of 2.27% and a net margin of 1.91%. The company had revenue of $13.50 billion during the quarter. As a group, sell-side analysts expect that POSCO will post 4.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On POSCO

Several institutional investors and hedge funds have recently modified their holdings of the business. Altrius Capital Management Inc grew its position in shares of POSCO by 16.8% in the 2nd quarter. Altrius Capital Management Inc now owns 105,665 shares of the basic materials company’s stock valued at $6,946,000 after purchasing an additional 15,174 shares during the period. Van ECK Associates Corp grew its position in shares of POSCO by 8.3% in the 2nd quarter. Van ECK Associates Corp now owns 84,420 shares of the basic materials company’s stock valued at $5,550,000 after purchasing an additional 6,440 shares during the period. BNP Paribas Financial Markets grew its position in shares of POSCO by 917.1% in the 1st quarter. BNP Paribas Financial Markets now owns 61,565 shares of the basic materials company’s stock valued at $4,828,000 after purchasing an additional 55,512 shares during the period. Creative Planning lifted its stake in POSCO by 36.8% in the 3rd quarter. Creative Planning now owns 53,801 shares of the basic materials company’s stock valued at $3,766,000 after acquiring an additional 14,485 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in POSCO by 15.6% in the 2nd quarter. Marshall Wace LLP now owns 39,337 shares of the basic materials company’s stock valued at $2,586,000 after acquiring an additional 5,295 shares in the last quarter.

POSCO Company Profile

POSCO Holdings Inc, together with its subsidiaries, operates as an integrated steel producer in Korea and internationally. It operates through six segments: Steel, Trading, Construction, Logistics and Others, Green Materials and Energy, and Others. The company engages in the production, import, sale, and export of steel products, such as hot and cold rolled steel, stainless steel, plates, wire rods, and silicon steel sheets, as well as pig iron, billets, blooms, and slabs; trading of steel and raw materials, textiles, agricultural commodities, and other goods; natural resources development and power generation activities; and planning, designing, and construction of industrial plants, civil engineering projects, and commercial and residential buildings.