POSCO (NYSE:PKX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of POSCO (NYSE:PKX) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

A number of other research analysts also recently issued reports on PKX. Weiss Ratings downgraded POSCO from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. UBS Group upgraded POSCO from a “neutral” rating to a “buy” rating in a report on Monday, April 27th. Finally, Zacks Research raised POSCO from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

POSCO Price Performance

Shares of PKX opened at $52.89 on Friday. POSCO has a twelve month low of $44.99 and a twelve month high of $92.40. The company has a market capitalization of $16.00 billion, a P/E ratio of 20.04 and a beta of 1.57. The firm has a 50 day moving average of $57.13 and a 200 day moving average of $62.77. The company has a quick ratio of 1.30, a current ratio of 1.90 and a debt-to-equity ratio of 0.28.

POSCO (NYSE:PKX) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.45. POSCO had a return on equity of 2.00% and a net margin of 1.79%.The business had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $11.96 billion. As a group, equities research analysts anticipate that POSCO will post 4.61 earnings per share for the current fiscal year.

Institutional Trading of POSCO

Hedge funds have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of POSCO during the fourth quarter valued at about $25,000. Allworth Financial LP lifted its position in POSCO by 51.6% during the third quarter. Allworth Financial LP now owns 682 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 232 shares during the last quarter. Headlands Technologies LLC lifted its position in POSCO by 1,276.9% during the second quarter. Headlands Technologies LLC now owns 1,432 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 1,328 shares during the last quarter. Inspire Investing LLC purchased a new position in shares of POSCO in the 4th quarter worth $85,000. Finally, Raymond James Financial Inc. bought a new stake in shares of POSCO in the 2nd quarter worth about $95,000.

About POSCO

POSCO (NYSE: PKX) is a South Korea–based integrated steel producer founded in 1968 as Pohang Iron and Steel Company. Headquartered in Pohang, the company grew rapidly as part of South Korea’s industrialization program and developed large, integrated steelworks—most notably in Pohang and Gwangyang—that helped establish POSCO among the world’s largest steelmakers. It is structured as a diversified industrial group with steelmaking at its core and a range of downstream and trading businesses.

The company’s primary activities include ironmaking and steelmaking, producing a wide array of steel products such as hot-rolled and cold-rolled sheets, coated steels, plates, stainless and special steels, long products (bars and wire rods), and seamless pipes.