POSCO (NYSE:PKX) Stock Rating Raised to Strong-Buy at Zacks Research

by · The Markets Daily

Zacks Research upgraded shares of POSCO (NYSE:PKX – Free Report) from a hold rating to a strong-buy rating in a research report sent to investors on Monday,Zacks reports.

A number of other research analysts also recently commented on PKX. Wall Street Zen upgraded POSCO from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Weiss Ratings lowered POSCO from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Report on POSCO

POSCO Stock Performance

PKX stock opened at $49.48 on Monday. The firm has a 50 day simple moving average of $57.24 and a 200 day simple moving average of $61.04. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.37 and a current ratio of 1.98. POSCO has a 52 week low of $48.50 and a 52 week high of $92.40. The stock has a market cap of $14.97 billion, a P/E ratio of 18.74 and a beta of 1.75.

Institutional Trading of POSCO

Several large investors have recently made changes to their positions in PKX. Bell Investment Advisors Inc grew its holdings in POSCO by 62.4% during the third quarter. Bell Investment Advisors Inc now owns 557 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 214 shares during the last quarter. Mather Group LLC. boosted its stake in POSCO by 3,766.7% during the 3rd quarter. Mather Group LLC. now owns 1,392 shares of the basic materials company’s stock valued at $79,000 after purchasing an additional 1,356 shares during the period. Inspire Investing LLC boosted its position in shares of POSCO by 25.7% in the third quarter. Inspire Investing LLC now owns 2,053 shares of the basic materials company’s stock valued at $116,000 after acquiring an additional 420 shares during the period. Keybank National Association OH acquired a new stake in POSCO in the 1st quarter worth $200,000. Finally, QRG Capital Management Inc. acquired a new stake in POSCO during the first quarter worth about $219,000.

About POSCO

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POSCO is a South Korean steel producer and one of the world’s major integrated steelmakers. The company manufactures a broad range of steel products, including hot- and cold-rolled steel, heavy plate, wire rod, stainless steel, galvanized steel, automotive steel and electrical steel.

POSCO operates large integrated steelworks in Pohang and Gwangyang, South Korea. Its products are used in automobiles, shipbuilding, construction, energy infrastructure, appliances and other industrial applications.

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