POSCO (NYSE:PKX) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of POSCO (NYSE:PKX - Free Report) from a sell rating to a hold rating in a research note released on Thursday morning.

POSCO Trading Up 0.1%

PKX traded up $0.02 during trading on Thursday, reaching $42.77. 174,834 shares of the stock traded hands, compared to its average volume of 256,699. The company has a quick ratio of 1.35, a current ratio of 1.93 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $12.98 billion, a PE ratio of 19.62, a P/E/G ratio of 2.14 and a beta of 1.36. The stock's 50-day moving average is $46.21 and its 200 day moving average is $46.89. POSCO has a 12 month low of $39.40 and a 12 month high of $74.01.

POSCO (NYSE:PKX - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). The firm had revenue of $12 billion for the quarter, compared to the consensus estimate of $12.12 billion. POSCO had a net margin of 1.55% and a return on equity of 1.87%. Equities analysts anticipate that POSCO will post 3.74 earnings per share for the current year.

Institutional Trading of POSCO

Institutional investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of POSCO by 19.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 384,512 shares of the basic materials company's stock worth $16,672,000 after purchasing an additional 63,336 shares in the last quarter. Ovata Capital Management Ltd bought a new position in shares of POSCO during the 4th quarter worth about $4,791,000. Northern Trust Corp boosted its position in shares of POSCO by 157.0% during the 4th quarter. Northern Trust Corp now owns 429,264 shares of the basic materials company's stock worth $18,613,000 after purchasing an additional 262,257 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of POSCO by 34.9% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 41,319 shares of the basic materials company's stock worth $1,792,000 after purchasing an additional 10,696 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of POSCO by 8.2% during the 4th quarter. American Century Companies Inc. now owns 369,394 shares of the basic materials company's stock worth $16,017,000 after purchasing an additional 28,124 shares in the last quarter.

About POSCO

POSCO Holdings Inc, together with its subsidiaries, operates as an integrated steel producer in Korea and internationally. It operates through six segments: Steel, Trading, Construction, Logistics and Others, Green Materials and Energy, and Others. The company engages in the production, import, sale, and export of steel products, such as hot and cold rolled steel, stainless steel, plates, wire rods, and silicon steel sheets, as well as pig iron, billets, blooms, and slabs; trading of steel and raw materials, textiles, agricultural commodities, and other goods; natural resources development and power generation activities; and planning, designing, and construction of industrial plants, civil engineering projects, and commercial and residential buildings.