Standpoint Research Downgrades POSCO (PKX) to Hold
POSCO (NYSE:PKX) was downgraded by Standpoint Research from a “buy” rating to a “hold” rating in a report issued on Monday.
Several other equities research analysts have also recently commented on PKX. UBS AG raised POSCO from a “neutral” rating to a “buy” rating in a report on Thursday, July 6th. BidaskClub raised POSCO from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Finally, CLSA raised POSCO from an “underperform” rating to an “outperform” rating in a report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. POSCO presently has an average rating of “Buy” and a consensus price target of $64.00.
POSCO (NYSE:PKX) opened at 75.09 on Monday. The stock has a 50 day moving average price of $67.34 and a 200-day moving average price of $62.24. POSCO has a one year low of $47.45 and a one year high of $75.72. The stock has a market cap of $24.03 billion, a PE ratio of 14.79 and a beta of 1.13.
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A number of large investors 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 valued at $116,000 after buying an additional 900 shares during the period. MAVEN SECURITIES Ltd acquired a new stake in POSCO during the first quarter valued at about $187,000. Barry Investment Advisors LLC acquired a new stake in POSCO during the first quarter valued at about $213,000. Raymond James Financial Services Advisors Inc. acquired a new stake in POSCO during the first quarter valued at about $229,000. Finally, Teza Capital Management LLC acquired a new stake in POSCO during the first quarter valued at about $237,000. 5.96% of the stock is owned by 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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