Shares of Posco (NYSE:PKX) have earned a consensus rating of “Hold” from the eight research firms that are currently covering the firm. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company.
Several research firms recently issued reports on PKX. Macquarie upgraded Posco from a “neutral” rating to an “outperform” rating in a report on Thursday, July 21st. Zacks Investment Research upgraded Posco from a “sell” rating to a “hold” rating in a report on Tuesday, September 20th. Finally, Credit Agricole SA lowered Posco from an “outperform” rating to an “underperform” rating in a report on Tuesday, October 4th.
Posco (NYSE:PKX) traded up 2.8226% during trading on Friday, hitting $51.3599. The company had a trading volume of 188,124 shares. The stock has a 50-day moving average of $50.74 and a 200 day moving average of $48.27. Posco has a one year low of $30.97 and a one year high of $55.60. The company has a market capitalization of $16.42 billion, a price-to-earnings ratio of 76.4000 and a beta of 1.15.
Hedge funds have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new position in shares of Posco during the second quarter worth $231,000. KCG Holdings Inc. acquired a new position in shares of Posco during the second quarter worth $247,000. Princeton Alpha Management LP acquired a new position in shares of Posco during the second quarter worth $250,000. Pacad Investment Ltd. acquired a new position in shares of Posco during the second quarter worth $254,000. Finally, Advisors Asset Management Inc. increased its position in shares of Posco by 0.8% in the second quarter. Advisors Asset Management Inc. now owns 6,447 shares of the company’s stock worth $287,000 after buying an additional 49 shares during the period. Institutional investors and hedge funds own 6.09% of the company’s stock.
Posco Company Profile
POSCO is an integrated steel producer. The Company operates in four segments: steel segment, trading segment, construction segment and others segment. The steel segment includes production of steel products and sale of such products. The trading segment consists of global trading activities of Daewoo International, exporting and importing a range of steel products that are both obtained from and supplied to POSCO, as well as between other suppliers and purchasers in Korea and overseas.
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