POSCO (NYSE:PKX - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $62.25 and traded as high as $63.37. POSCO shares last traded at $63.12, with a volume of 245,720 shares.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the stock. Weiss Ratings downgraded shares of POSCO from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 18th. Zacks Research raised shares of POSCO from a "hold" rating to a "strong-buy" rating in a report on Friday, July 31st. Finally, Wall Street Zen upgraded shares of POSCO from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy".
Read Our Latest Research Report on POSCO
POSCO Stock Performance
The business has a 50-day simple moving average of $54.81 and a 200 day simple moving average of $62.25. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.98 and a quick ratio of 1.30. The firm has a market cap of $19.09 billion, a PE ratio of 23.91 and a beta of 1.60.
POSCO (NYSE:PKX - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.45. The firm had revenue of $12.43 billion for the quarter, compared to analysts' expectations of $11.96 billion. POSCO had a return on equity of 1.99% and a net margin of 1.79%. Equities research analysts forecast that POSCO will post 4.91 EPS for the current year.
Hedge Funds Weigh In On POSCO
Several large investors have recently added to or reduced their stakes in PKX. Xponance LLC increased its stake in shares of POSCO by 4.3% in the fourth quarter. Xponance LLC now owns 4,433 shares of the basic materials company's stock worth $236,000 after purchasing an additional 181 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of POSCO by 4.5% during the 3rd quarter. Parallel Advisors LLC now owns 4,863 shares of the basic materials company's stock valued at $239,000 after buying an additional 211 shares in the last quarter. Allworth Financial LP lifted its stake in shares of POSCO by 51.6% during the 3rd quarter. Allworth Financial LP now owns 682 shares of the basic materials company's stock valued at $34,000 after buying an additional 232 shares in the last quarter. Brooklyn Investment Group boosted its holdings in POSCO by 5.3% in the 4th quarter. Brooklyn Investment Group now owns 5,636 shares of the basic materials company's stock worth $306,000 after buying an additional 285 shares during the period. Finally, CWM LLC boosted its holdings in POSCO by 17.6% in the 4th quarter. CWM LLC now owns 2,946 shares of the basic materials company's stock worth $157,000 after buying an additional 440 shares during the period.
About POSCO
(
Get Free Report)
POSCO NYSE: PKX is a South Korea–based integrated steel producer founded in 1968 as Pohang Iron and Steel Company. Headquartered in Pohang, the company grew rapidly as part of South Korea's industrialization program and developed large, integrated steelworks—most notably in Pohang and Gwangyang—that helped establish POSCO among the world's largest steelmakers. It is structured as a diversified industrial group with steelmaking at its core and a range of downstream and trading businesses.
The company's primary activities include ironmaking and steelmaking, producing a wide array of steel products such as hot-rolled and cold-rolled sheets, coated steels, plates, stainless and special steels, long products (bars and wire rods), and seamless pipes.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider POSCO, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and POSCO wasn't on the list.
While POSCO currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead. This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
