POSCO (PKX) Lowered to Hold at ValuEngine

POSCO (NYSE:PKX) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

PKX has been the topic of a number of other research reports. Deutsche Bank upgraded POSCO from a “hold” rating to a “buy” rating in a research note on Monday, December 4th. Goldman Sachs Group upgraded POSCO from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 2nd. Finally, Zacks Investment Research lowered POSCO from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. POSCO currently has an average rating of “Buy” and a consensus price target of $82.00.

Shares of POSCO (NYSE PKX) opened at $90.34 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.68 and a quick ratio of 1.14. POSCO has a 52 week low of $52.88 and a 52 week high of $90.56. The firm has a market capitalization of $30,170.00, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 1.94 and a beta of 1.12.

Institutional investors have recently made changes to their positions in the company. Barry Investment Advisors LLC purchased a new position in shares of POSCO during the third quarter valued at $216,000. Wealthsource Partners LLC purchased a new position in shares of POSCO during the third quarter valued at $224,000. Eagle Asset Management Inc. purchased a new position in shares of POSCO during the third quarter valued at $265,000. Strategic Global Advisors LLC increased its stake in shares of POSCO by 0.3% during the second quarter. Strategic Global Advisors LLC now owns 4,306 shares of the basic materials company’s stock valued at $270,000 after buying an additional 15 shares during the period. Finally, Eqis Capital Management Inc. purchased a new position in shares of POSCO during the third quarter valued at $347,000. Hedge funds and other institutional investors own 5.37% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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