Daiwa Capital Markets began coverage on shares of POSCO (NYSE:PKX) in a research note issued to investors on Monday, September 10th, MarketBeat Ratings reports. The brokerage issued an outperform rating on the basic materials company’s stock.
A number of other research analysts also recently weighed in on PKX. ValuEngine downgraded POSCO from a buy rating to a hold rating in a report on Saturday, May 26th. Zacks Investment Research downgraded POSCO from a hold rating to a strong sell rating in a report on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $98.00.
PKX stock traded up $0.47 during trading on Monday, reaching $60.87. The stock had a trading volume of 214,973 shares, compared to its average volume of 195,363. POSCO has a 52 week low of $59.79 and a 52 week high of $93.12. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.14 and a current ratio of 1.67. The company has a market cap of $23.02 billion, a price-to-earnings ratio of 7.85, a P/E/G ratio of 1.52 and a beta of 1.29.
A number of hedge funds have recently bought and sold shares of PKX. Mount Yale Investment Advisors LLC bought a new position in shares of POSCO in the first quarter worth about $160,000. Knowledge Leaders Capital LLC raised its stake in shares of POSCO by 90.1% in the first quarter. Knowledge Leaders Capital LLC now owns 2,730 shares of the basic materials company’s stock worth $215,000 after buying an additional 1,294 shares during the period. Cynosure Advisors LLC bought a new position in shares of POSCO in the first quarter worth about $225,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of POSCO in the second quarter worth about $274,000. Finally, Dynamic Technology Lab Private Ltd raised its stake in shares of POSCO by 37.2% in the first quarter. Dynamic Technology Lab Private Ltd now owns 3,916 shares of the basic materials company’s stock worth $309,000 after buying an additional 1,062 shares during the period. 5.14% of the stock is currently owned by institutional investors.
POSCO manufactures and sells steel rolled products and plates in South Korea and internationally. It operates through four segments: Steel, Construction, Trading, and Others. The company offers hot and cold rolled steel, steel plates, wire rods, galvanized and electrical galvanized steel, electrical and stainless steel, automotive materials, titanium, magnesium, and aluminum-plated products.
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