POSCO (PKX) Rating Lowered to Hold at ValuEngine
POSCO (NYSE:PKX) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report issued on Saturday.
Other analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of POSCO from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Goldman Sachs Group upgraded shares of POSCO from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 2nd. Finally, Deutsche Bank upgraded shares of POSCO from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. POSCO has an average rating of “Buy” and a consensus target price of $82.00.
Shares of POSCO (PKX) opened at $90.34 on Friday. The company has a market cap of $28,907.71, a price-to-earnings ratio of 13.88, a PEG ratio of 1.88 and a beta of 1.13. POSCO has a 52-week low of $52.88 and a 52-week high of $90.56. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.14 and a current ratio of 1.68.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Barry Investment Advisors LLC bought a new stake in POSCO in the 3rd quarter valued at $216,000. Wealthsource Partners LLC bought a new stake in POSCO in the 3rd quarter valued at $224,000. Eagle Asset Management Inc. bought a new stake in POSCO in the 3rd quarter valued at $265,000. Strategic Global Advisors LLC increased its holdings in POSCO by 0.3% in the 2nd quarter. Strategic Global Advisors LLC now owns 4,306 shares of the basic materials company’s stock valued at $270,000 after acquiring an additional 15 shares during the last quarter. Finally, Eqis Capital Management Inc. bought a new stake in POSCO in the 3rd quarter valued at $347,000. Institutional investors own 5.37% of the company’s stock.
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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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