Deutsche Bank upgraded shares of POSCO (NYSE:PKX) from a hold rating to a buy rating in a research note issued to investors on Monday morning, The Fly reports.

Other analysts have also issued research reports about the company. BidaskClub lowered POSCO from a strong-buy rating to a buy rating in a report on Saturday, August 12th. Zacks Investment Research raised POSCO from a hold rating to a buy rating and set a $82.00 price objective on the stock in a report on Wednesday, October 18th. Finally, Standpoint Research lowered POSCO from a buy rating to a hold rating in a report on Monday, August 7th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $82.00.

POSCO (NYSE:PKX) traded down $0.62 on Monday, reaching $76.31. The company’s stock had a trading volume of 120,200 shares, compared to its average volume of 256,244. POSCO has a 12-month low of $50.37 and a 12-month high of $79.20. The firm has a market cap of $24,616.68, a price-to-earnings ratio of 13.79, a P/E/G ratio of 1.84 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.68 and a quick ratio of 1.14.

Several large investors have recently made changes to their positions in PKX. Capital Growth Management LP acquired a new stake in shares of POSCO during the 3rd quarter worth approximately $29,148,000. Assetmark Inc. grew its holdings in shares of POSCO by 164,689.9% during the 3rd quarter. Assetmark Inc. now owns 163,142 shares of the basic materials company’s stock worth $11,322,000 after purchasing an additional 163,043 shares in the last quarter. LMR Partners LLP grew its holdings in shares of POSCO by 57.0% during the 2nd quarter. LMR Partners LLP now owns 387,825 shares of the basic materials company’s stock worth $24,321,000 after purchasing an additional 140,787 shares in the last quarter. Athos Capital Ltd bought a new position in shares of POSCO during the 2nd quarter worth approximately $8,463,000. Finally, Northern Trust Corp lifted its position in shares of POSCO by 12.2% during the 2nd quarter. Northern Trust Corp now owns 643,169 shares of the basic materials company’s stock worth $40,256,000 after buying an additional 69,983 shares during the period. 5.39% of the stock is currently owned by institutional investors.

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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.

The Fly

Analyst Recommendations for POSCO (NYSE:PKX)

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