PKX has been the subject of a number of other research reports. Macquarie raised Posco from a neutral rating to an outperform rating in a report on Thursday, July 21st. Zacks Investment Research upgraded Posco from a sell rating to a hold rating in a research report on Tuesday, September 20th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of Hold.
Shares of Posco (NYSE:PKX) opened at 50.93 on Tuesday. The firm’s 50-day moving average price is $50.43 and its 200-day moving average price is $48.12. The company has a market capitalization of $16.28 billion, a price-to-earnings ratio of 74.84 and a beta of 1.15. Posco has a 12 month low of $30.97 and a 12 month high of $55.60.
Several large investors have recently bought and sold shares of the stock. Capital Fund Management S.A. acquired a new position in shares of Posco during the second quarter valued at $5,602,000. Bank of Montreal Can acquired a new position in shares of Posco during the second quarter valued at $621,000. CIBC World Markets Inc. raised its position in shares of Posco by 5.0% in the second quarter. CIBC World Markets Inc. now owns 136,392 shares of the company’s stock valued at $6,069,000 after buying an additional 6,522 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Posco by 161.6% in the second quarter. Acadian Asset Management LLC now owns 163,536 shares of the company’s stock valued at $7,278,000 after buying an additional 101,028 shares during the last quarter. Finally, A.R.T. Advisors LLC acquired a new position in shares of Posco during the first quarter valued at $497,000. Institutional investors and hedge funds own 6.09% of the company’s stock.
Posco Company Profile
POSCO is an integrated steel producer. The Company operates in four segments: steel segment, trading segment, construction segment and others segment. The steel segment includes production of steel products and sale of such products. The trading segment consists of global trading activities of Daewoo International, exporting and importing a range of steel products that are both obtained from and supplied to POSCO, as well as between other suppliers and purchasers in Korea and overseas.
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