In yesterday’s Wall Street session, POSCO Holdings Inc. (NYSE:PKX) shares traded at $131.86, up 11.57% from the previous session.
As of this writing, 22 analysts cover POSCO Holdings Inc. (NYSE:PKX). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $166.61 and a low of $78.14, we find $142.60. Given the previous closing price of $118.19, this indicates a potential upside of 20.65 percent. PKX stock price is now 70.72% away from the 50-day moving average and 107.75% away from the 200-day moving average. The market capitalization of the company currently stands at $41.43B.
There are 2 analysts who have given it a hold rating, whereas 16 have given it a buy rating. Brokers who have rated the stock have averaged $126.62 as their price target over the next twelve months.
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 CWA ASSET MANAGEMENT GROUP, LLC during the first quarter worth $11,998,000. SEGANTII CAPITAL MANAGEMENT LTD invested $6,593,000 in shares of PKX during the first quarter. In the first quarter, DORSEY WRIGHT & ASSOCIATES acquired a new stake in POSCO Holdings Inc. valued at approximately $6,083,000. HSBC HOLDINGS PLC acquired a new stake in PKX for approximately $4,000,000. VICTORY CAPITAL MANAGEMENT INC purchased a new stake in PKX valued at around $2,786,000 in the second quarter. In total, there are 220 active investors with 3.60% ownership of the company’s stock.
Tuesday morning saw POSCO Holdings Inc. (NYSE: PKX) opened at $128.15. During the past 12 months, POSCO Holdings Inc. has had a low of $36.53 and a high of $125.39. As of last week, the company has a debt-to-equity ratio of 0.53, a current ratio of 2.20, and a quick ratio of 1.50. According to the stock market information, the enterprise value for the company is $45.69B, which is based on a 24.35 price-to-earnings ratio, a 2.03 price-to-earnings-growth ratio, and a beta of 1.26. The fifty day moving average price for PKX is $78.51 and a two-hundred day moving average price translates $63.93 for the stock.
The latest earnings results from POSCO Holdings Inc. (NYSE: PKX) was released for Mar, 2023. The net profit margin was 2.60% and return on equity was 4.00% for PKX. The company reported revenue of $15.5 billion for the quarter, compared to $17.07 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.17 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 $2.76 dividend and a 2.10% 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 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. It is also involved in the e-commerce business; processing and sale of steel by-products; and provision of business support, and office administration and management consulting services. The company serves automotive, construction, shipbuilding, energy, home appliances, and industrial machinery applications. POSCO Holdings Inc. was incorporated in 1968 and is headquartered in Pohang, South Korea.
