POSCO (NYSE:PKX) was downgraded by research analysts at Standpoint Research from a “buy” rating to a “hold” rating in a research report issued on Monday, August 7th, MarketBeat Ratings reports.
A number of other research analysts have also recently issued reports on the stock. CLSA raised shares of POSCO from an “underperform” rating to an “outperform” rating in a research note on Thursday, July 20th. BidaskClub raised shares of POSCO from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Finally, UBS AG raised shares of POSCO from a “neutral” rating to a “buy” rating in a research note on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $64.00.
Shares of POSCO (PKX) traded up 0.96% on Monday, hitting $72.54. The stock had a trading volume of 135,211 shares. The firm has a 50 day moving average price of $70.93 and a 200 day moving average price of $63.32. The company has a market capitalization of $23.21 billion, a P/E ratio of 14.51 and a beta of 1.13. POSCO has a one year low of $47.45 and a one year high of $76.04.
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Several hedge funds have recently bought and sold shares of the company. Rational Advisors LLC boosted 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 worth $116,000 after buying an additional 900 shares during the last quarter. MAVEN SECURITIES Ltd bought a new stake in POSCO during the first quarter worth $187,000. Barry Investment Advisors LLC bought a new stake in POSCO during the first quarter worth $213,000. Raymond James Financial Services Advisors Inc. bought a new stake in POSCO during the first quarter worth $229,000. Finally, Teza Capital Management LLC bought a new stake in POSCO during the first quarter worth $237,000. 5.99% of the stock is currently owned by hedge funds and other institutional investors.
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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