POSCO (PKX) Given Coverage Optimism Score of 0.08
Press coverage about POSCO (NYSE:PKX) has been trending somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. POSCO earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 45.0604233442484 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
POSCO (NYSE PKX) opened at 75.03 on Friday. The firm’s 50-day moving average is $71.72 and its 200 day moving average is $66.57. POSCO has a 12 month low of $50.37 and a 12 month high of $77.76. The firm has a market capitalization of $24.01 billion, a P/E ratio of 13.34 and a beta of 1.11.
PKX has been the subject of several research analyst reports. BidaskClub downgraded shares of POSCO from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 12th. UBS AG upgraded shares of POSCO from a “neutral” rating to a “buy” rating in a research report on Thursday, July 6th. Zacks Investment Research upgraded shares of POSCO from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Wednesday. Standpoint Research downgraded shares of POSCO from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Finally, CLSA upgraded shares of POSCO from an “underperform” rating to an “outperform” rating in a research report on Thursday, July 20th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $82.00.
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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