POSCO (NYSE:PKX) has earned a consensus recommendation of “Buy” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company.

A number of research analysts have recently commented on PKX shares. Deutsche Bank raised shares of POSCO from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. Zacks Investment Research raised 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, October 18th. Finally, Goldman Sachs Group raised shares of POSCO from a “neutral” rating to a “buy” rating in a research report on Tuesday.

POSCO (PKX) traded down $0.36 during trading on Monday, reaching $86.00. 196,059 shares of the company’s stock were exchanged, compared to its average volume of 184,904. The firm has a market cap of $30,070.00, a price-to-earnings ratio of 12.34, a price-to-earnings-growth ratio of 1.95 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.14 and a current ratio of 1.68. POSCO has a 52-week low of $50.37 and a 52-week high of $86.99.

Institutional investors and hedge funds have recently made changes to their positions in the company. Barry Investment Advisors LLC acquired a new position in shares of POSCO during the third quarter valued at about $216,000. Wealthsource Partners LLC acquired a new position in shares of POSCO during the third quarter valued at about $224,000. Eagle Asset Management Inc. acquired a new position in shares of POSCO during the third quarter valued at about $265,000. Strategic Global Advisors LLC raised its position in shares of POSCO by 0.3% during the second quarter. Strategic Global Advisors LLC now owns 4,306 shares of the basic materials company’s stock valued at $270,000 after buying an additional 15 shares during the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in shares of POSCO during the second quarter valued at about $293,000. 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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