BidaskClub upgraded shares of POSCO (NYSE:PKX) from a buy rating to a strong-buy rating in a research report sent to investors on Wednesday, July 12th.
Other equities analysts have also issued research reports about the company. UBS AG raised POSCO from a neutral rating to a buy rating in a research report on Thursday, July 6th. Macquarie lowered POSCO from an outperform rating to a neutral rating in a research report on Tuesday, March 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. POSCO currently has an average rating of Buy and a consensus target price of $64.00.
POSCO (PKX) traded down 2.75% during midday trading on Wednesday, reaching $70.50. 549,699 shares of the company’s stock were exchanged. POSCO has a 12 month low of $47.45 and a 12 month high of $76.04. The firm has a 50 day moving average of $69.38 and a 200-day moving average of $62.82. The stock has a market cap of $22.56 billion, a PE ratio of 13.88 and a beta of 1.13.
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A number of large investors have recently added to or reduced their stakes in the company. Rational Advisors LLC increased its stake in POSCO by 100.0% in the first quarter. Rational Advisors LLC now owns 1,800 shares of the basic materials company’s stock valued at $116,000 after buying an additional 900 shares during the last quarter. MAVEN SECURITIES Ltd acquired a new stake in POSCO during the first quarter valued at approximately $187,000. Barry Investment Advisors LLC acquired a new stake in POSCO during the first quarter valued at approximately $213,000. Raymond James Financial Services Advisors Inc. acquired a new stake in POSCO during the first quarter valued at approximately $229,000. Finally, Teza Capital Management LLC acquired a new stake in POSCO during the first quarter valued at approximately $237,000. Institutional investors own 5.96% of the company’s stock.
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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