The price of POSCO Holdings Inc. (NYSE:PKX) shares last traded on Wall Street fell -1.58% to $59.77.
Based on available information, 15 analysts follow POSCO Holdings Inc. (NYSE:PKX). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $91.36 and a low of $54.82, we find $79.13. Given the previous closing price of $60.73, this indicates a potential upside of 30.3 percent. PKX stock price is now -2.10% away from the 50-day moving average and 16.90% away from the 200-day moving average. The market capitalization of the company currently stands at $20.54B.
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Among analysts, 2 rate the stock a hold while 11 rate it a buy. Brokers who have rated the stock have averaged $80.12 as their price target over the next twelve months.
, while ‘Nomura’ rates the stock as ‘Buy’.
A total of 9.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PKX stock. A new stake in POSCO Holdings Inc. shares was purchased by ROBECO INSTITUTIONAL ASSET MANAGEMENT B.V. during the first quarter worth $5,283,000. OVERSEA-CHINESE BANKING CORP LTD invested $3,267,000 in shares of PKX during the first quarter. In the first quarter, CI PRIVATE WEALTH, LLC acquired a new stake in POSCO Holdings Inc. valued at approximately $848,000. FARMER STEVEN PATRICK acquired a new stake in PKX for approximately $833,000. NOMURA HOLDINGS INC purchased a new stake in PKX valued at around $745,000 in the second quarter. In total, there are 217 active investors with 3.60% ownership of the company’s stock.
A candlestick chart of POSCO Holdings Inc. (NYSE: PKX) showed a price of $60.36 on Wednesday morning. During the past 12 months, POSCO Holdings Inc. has had a low of $36.53 and a high of $66.18. As of last week, the company has a debt-to-equity ratio of 0.48, a current ratio of 2.10, and a quick ratio of 1.40. The fifty day moving average price for PKX is $61.16 and a two-hundred day moving average price translates $51.13 for the stock.
The latest earnings results from POSCO Holdings Inc. (NYSE: PKX) was released for Sep, 2022. The net profit margin was 3.70% and return on equity was 5.90% for PKX. The company reported revenue of $14.81 billion for the quarter, compared to $18.57 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -20.27 percent.
Moreover, the firm recently paid out its quarterly dividend on 12/02/2022. Investors who held shares on 09/30/2022 were paid a $0.373884 dividend. On an annualized basis, this represents a $3.97 dividend and a 6.64% percent yield. There was an ex-dividend date of 09/29/2022 for this dividend.
POSCO Holdings Inc.(PKX) Company Profile
POSCO Holdings Inc., together with its subsidiaries, manufactures and sells steel rolled products and plates in South Korea and internationally. It operates through four segments: Steel, Construction, Trading, and Others. The company offers hot and cold rolled steel, steel plates, wire rods, galvanized sheets, electrical steel, stainless steel, and titanium. It also engages in the design, manufacture, and construction of steel mills and their facilities, and commercial and residential facilities; export and import of raw materials, as well as provision of supply and purchase transactions between domestic and foreign companies, and various steel products; power generation activities; and provision of network, system integration, and logistics services. In addition, the company is involved in the engineering and construction; research and consulting; architectural design and supervision; investment in venture, energy, and technology industries; electronic commerce; intellectual property services and consulting; transporting and warehousing; real estate development, rental, sale, and management; and education and real estate business. Further, it engages in the resource development; mine development; business facility maintenance; fuel cell; iron ore and coal sales; anode reproduction; and cargo handling business, as well as operates housing business agency. Additionally, the company is involved in the IT service and DVR; electric control engineering; forest resources development; refractory materials sales and furnace maintenance; quicklime manufacturing and sales; wastewater treatment operation and maintenance; rice processing; grain sales; and social enterprise businesses. POSCO Holdings Inc. was incorporated in 1968 and is headquartered in Pohang, South Korea.
