POSCO (NYSE:PKX) has earned a consensus recommendation of “Buy” from the ten research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $64.00.

PKX has been the topic of a number of research analyst reports. CLSA raised shares of POSCO from an “underperform” rating to an “outperform” rating in a research report on Thursday, July 20th. BidaskClub upgraded shares of POSCO from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Standpoint Research cut shares of POSCO from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Finally, UBS AG upgraded shares of POSCO from a “neutral” rating to a “buy” rating in a report on Thursday, July 6th.

POSCO (NYSE PKX) traded up 2.64% on Tuesday, hitting $77.62. 286,881 shares of the company’s stock were exchanged. POSCO has a 52-week low of $47.45 and a 52-week high of $77.76. The firm has a 50 day moving average price of $73.34 and a 200-day moving average price of $64.45. The stock has a market cap of $24.84 billion, a P/E ratio of 13.90 and a beta of 1.12.

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Hedge funds have recently made changes to their positions in the company. Rational Advisors LLC boosted its holdings in shares of POSCO by 100.0% during the 1st 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 in the last quarter. MAVEN SECURITIES Ltd bought a new stake in shares of POSCO during the 1st quarter valued at $187,000. Barry Investment Advisors LLC bought a new stake in shares of POSCO during the 1st quarter valued at $213,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of POSCO during the 1st quarter valued at $229,000. Finally, Teza Capital Management LLC bought a new stake in shares of POSCO during the 1st quarter valued at $237,000. Hedge funds and other institutional investors own 5.14% of the company’s stock.

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.

Analyst Recommendations for POSCO (NYSE:PKX)

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