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.

POSCO (NYSE:PKX) last announced its quarterly earnings data on Tuesday, November 28th. The basic materials company reported $2.42 EPS for the quarter. POSCO had a net margin of 4.01% and a return on equity of 5.03%. analysts anticipate that POSCO will post 8.84 earnings per share for the current fiscal year.

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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Analyst Recommendations for POSCO (NYSE:PKX)

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