Goldman Sachs Group upgraded shares of POSCO (NYSE:PKX) from a neutral rating to a buy rating in a research report released on Tuesday morning.

A number of other analysts have also recently commented on the stock. Zacks Investment Research cut shares of POSCO from a buy rating to a hold rating in a research note on Wednesday, September 20th. Deutsche Bank raised shares of POSCO from a hold rating to a buy rating in a research note on Monday, December 4th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $82.00.

Shares of POSCO (PKX) traded up $4.22 during trading on Tuesday, hitting $82.35. 387,000 shares of the company’s stock were exchanged, compared to its average volume of 239,200. The firm has a market capitalization of $25,000.66, a P/E ratio of 12.65, a P/E/G ratio of 1.76 and a beta of 1.13. POSCO has a 1-year low of $50.37 and a 1-year high of $82.64. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.14 and a current ratio of 1.68.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of POSCO by 3.4% during the second quarter. Vanguard Group Inc. now owns 717,651 shares of the basic materials company’s stock worth $44,918,000 after purchasing an additional 23,884 shares in the last quarter. Northern Trust Corp increased its stake in shares of POSCO by 12.2% during the second quarter. Northern Trust Corp now owns 643,169 shares of the basic materials company’s stock worth $40,256,000 after purchasing an additional 69,983 shares in the last quarter. State Street Corp grew its stake in POSCO by 6.8% during the 2nd quarter. State Street Corp now owns 465,450 shares of the basic materials company’s stock valued at $29,131,000 after acquiring an additional 29,780 shares in the last quarter. Capital Growth Management LP purchased a new stake in POSCO during the 3rd quarter valued at about $29,148,000. Finally, Parametric Portfolio Associates LLC grew its stake in POSCO by 7.8% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 283,366 shares of the basic materials company’s stock valued at $19,666,000 after acquiring an additional 20,457 shares in the last quarter. 5.37% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for POSCO (NYSE:PKX)

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