POSCO (NYSE:PKX) Stock Rating Upgraded by StockNews.com

POSCO (NYSE:PKX) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

POSCO Stock Up 0.7 %

PKX stock opened at $70.59 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.48 and a current ratio of 2.11. The company has a market capitalization of $21.35 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 1.01 and a beta of 1.44. POSCO has a fifty-two week low of $67.42 and a fifty-two week high of $133.09. The stock has a fifty day moving average of $79.21 and a 200-day moving average of $84.89.

POSCO (NYSE:PKX) last posted its earnings results on Wednesday, February 21st. The basic materials company reported ($0.52) earnings per share for the quarter. The company had revenue of $14.15 billion for the quarter. POSCO had a net margin of 2.45% and a return on equity of 3.02%. As a group, equities research analysts predict that POSCO will post 4.79 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Citigroup Inc. grew its holdings in shares of POSCO by 25.9% during the third quarter. Citigroup Inc. now owns 11,564 shares of the basic materials company’s stock worth $1,185,000 after purchasing an additional 2,382 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in POSCO in the 3rd quarter worth approximately $1,117,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in POSCO by 6.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 303,046 shares of the basic materials company’s stock worth $31,062,000 after buying an additional 19,057 shares during the last quarter. Inspire Investing LLC bought a new stake in POSCO in the 3rd quarter worth approximately $640,000. Finally, Dfpg Investments LLC lifted its position in POSCO by 11.3% in the 4th quarter. Dfpg Investments LLC now owns 8,532 shares of the basic materials company’s stock worth $768,000 after buying an additional 869 shares during the last quarter.

POSCO Company Profile

POSCO Holdings Inc, together with its subsidiaries, manufactures and sells iron and steel rolled products in South Korea and internationally. It operates in two segments Steel and Others. The company offers hot and cold rolled steel, steel plates, wire rods, galvanized steel, electrical steel, stainless steel, and titanium.