Potash Corporation of Saskatchewan Inc. (NYSE:POT) Rating Reiterated by Royal Bank Of Canada

Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT)‘s stock had its “buy” rating restated by stock analysts at Royal Bank Of Canada in a research note issued to investors on Wednesday, October 18th. They currently have a $20.00 price target on the fertilizer maker’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 3.41% from the company’s previous close.

POT has been the topic of several other research reports. Scotiabank upgraded Potash Corporation of Saskatchewan from a “sector perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research note on Monday, July 10th. Zacks Investment Research lowered Potash Corporation of Saskatchewan from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Stifel Nicolaus restated a “buy” rating and issued a $19.00 price objective (down previously from $20.00) on shares of Potash Corporation of Saskatchewan in a research note on Monday, July 10th. BMO Capital Markets restated a “hold” rating on shares of Potash Corporation of Saskatchewan in a research note on Sunday, August 13th. Finally, Cowen and Company set a $16.00 price objective on Potash Corporation of Saskatchewan and gave the company a “hold” rating in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $19.16.

Potash Corporation of Saskatchewan (NYSE POT) traded down 1.577% during midday trading on Wednesday, hitting $19.035. 2,689,096 shares of the company traded hands. The stock has a 50 day moving average of $18.99 and a 200 day moving average of $17.46. The stock has a market cap of $15.99 billion, a P/E ratio of 33.512 and a beta of 0.48. Potash Corporation of Saskatchewan has a 12-month low of $15.74 and a 12-month high of $20.27.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last posted its quarterly earnings data on Thursday, October 26th. The fertilizer maker reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). Potash Corporation of Saskatchewan had a return on equity of 5.19% and a net margin of 11.07%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the company earned $0.10 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Equities research analysts predict that Potash Corporation of Saskatchewan will post $0.64 EPS for the current fiscal year.

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Hedge funds have recently bought and sold shares of the company. San Francisco Sentry Investment Group CA bought a new position in shares of Potash Corporation of Saskatchewan in the 2nd quarter worth about $104,000. Financial Architects Inc raised its position in shares of Potash Corporation of Saskatchewan by 11.7% in the 2nd quarter. Financial Architects Inc now owns 6,700 shares of the fertilizer maker’s stock worth $109,000 after acquiring an additional 700 shares in the last quarter. Cornerstone Advisors Inc. raised its position in shares of Potash Corporation of Saskatchewan by 1.8% in the 2nd quarter. Cornerstone Advisors Inc. now owns 6,749 shares of the fertilizer maker’s stock worth $110,000 after acquiring an additional 122 shares in the last quarter. Lowe Wealth Advisors LLC raised its position in shares of Potash Corporation of Saskatchewan by 12.7% in the 2nd quarter. Lowe Wealth Advisors LLC now owns 7,520 shares of the fertilizer maker’s stock worth $123,000 after acquiring an additional 845 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC raised its position in shares of Potash Corporation of Saskatchewan by 5,642.7% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 7,523 shares of the fertilizer maker’s stock worth $143,000 after acquiring an additional 7,392 shares in the last quarter. 56.95% of the stock is owned by hedge funds and other institutional investors.

Potash Corporation of Saskatchewan Company Profile

Potash Corporation of Saskatchewan Inc (PCS) is a fertilizer producer producing a range of primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. As of December 31, 2016, it owned and operated five potash operations in Saskatchewan and owned one in New Brunswick.

Analyst Recommendations for Potash Corporation of Saskatchewan (NYSE:POT)

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