POSCO (PKX) Given Consensus Recommendation of “Hold” by Brokerages

Shares of POSCO (NYSE:PKX) have been given a consensus rating of “Hold” by the six analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company.

Several research analysts have commented on the stock. Bank of America downgraded shares of POSCO from a “buy” rating to a “neutral” rating in a report on Thursday, January 31st. ValuEngine raised shares of POSCO from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 30th. Finally, Zacks Investment Research raised shares of POSCO from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PKX. Bank of America Corp DE boosted its holdings in shares of POSCO by 71.3% during the 4th quarter. Bank of America Corp DE now owns 519,434 shares of the basic materials company’s stock valued at $28,537,000 after purchasing an additional 216,243 shares during the last quarter. Morgan Stanley boosted its holdings in shares of POSCO by 27.7% during the 3rd quarter. Morgan Stanley now owns 651,026 shares of the basic materials company’s stock valued at $42,968,000 after purchasing an additional 141,196 shares during the last quarter. Two Sigma Investments LP boosted its holdings in shares of POSCO by 69.8% during the 4th quarter. Two Sigma Investments LP now owns 143,796 shares of the basic materials company’s stock valued at $7,900,000 after purchasing an additional 59,119 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of POSCO by 105.0% in the 4th quarter. Millennium Management LLC now owns 109,774 shares of the basic materials company’s stock valued at $6,031,000 after acquiring an additional 56,222 shares during the last quarter. Finally, NINE MASTS CAPITAL Ltd bought a new position in shares of POSCO in the 3rd quarter valued at about $3,571,000. 4.86% of the stock is owned by institutional investors and hedge funds.

Shares of PKX traded down $0.57 during midday trading on Friday, hitting $55.21. 273,800 shares of the company traded hands, compared to its average volume of 193,326. POSCO has a 52 week low of $52.17 and a 52 week high of $87.35. The company has a market capitalization of $19.42 billion, a PE ratio of 7.12, a price-to-earnings-growth ratio of 1.34 and a beta of 1.10. The company has a quick ratio of 1.17, a current ratio of 1.78 and a debt-to-equity ratio of 0.21.

About POSCO

POSCO manufactures and sells steel rolled products and plates in South Korea and internationally. It operates through four segments: Steel, Construction, Trading, and Others. The company offers hot and cold rolled steel, steel plates, wire rods, galvanized and electrical galvanized steel, electrical and stainless steel, automotive materials, titanium, magnesium, and aluminum-plated products.

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