POSCO (NYSE:PKX) Upgraded to Strong-Buy at BidaskClub

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.

TRADEMARK VIOLATION NOTICE: “POSCO (NYSE:PKX) Upgraded to Strong-Buy at BidaskClub” was first reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://www.com-unik.info/2017/08/11/posco-nysepkx-lifted-to-strong-buy-at-bidaskclub-updated-updated-updated.html.

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.

About POSCO

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.

Analyst Recommendations for POSCO (NYSE:PKX)

What are top analysts saying about POSCO? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for POSCO and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit