Potash Corporation of Saskatchewan Inc. (POT) Stock Rating Reaffirmed by Royal Bank Of Canada

Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT)‘s stock had its “buy” rating reissued by investment analysts at Royal Bank Of Canada in a report released on Tuesday. They currently have a $19.00 price objective on the fertilizer maker’s stock. Royal Bank Of Canada’s price target points to a potential upside of 13.64% from the company’s previous close.

A number of other brokerages also recently issued reports on POT. Vetr upgraded Potash Corporation of Saskatchewan from a “buy” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a research report on Monday, February 20th. Scotiabank restated a “sector perform” rating and set a $20.00 price objective on shares of Potash Corporation of Saskatchewan in a research report on Friday, April 28th. TD Securities restated a “hold” rating and set a $17.50 price objective on shares of Potash Corporation of Saskatchewan in a research report on Friday, April 28th. Raymond James Financial, Inc. raised their price objective on Potash Corporation of Saskatchewan from $17.00 to $19.00 and gave the stock a “market perform” rating in a research report on Monday, May 1st. Finally, Citigroup Inc. lowered their price objective on Potash Corporation of Saskatchewan from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, April 11th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.89.

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

Potash Corporation of Saskatchewan (NYSE POT) opened at 16.72 on Tuesday. The company has a 50 day moving average price of $16.50 and a 200-day moving average price of $17.56. The company has a market capitalization of $14.04 billion, a PE ratio of 35.57 and a beta of 0.51. Potash Corporation of Saskatchewan has a 12-month low of $15.21 and a 12-month high of $20.26.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last announced its quarterly earnings results on Thursday, April 27th. The fertilizer maker reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.08. Potash Corporation of Saskatchewan had a return on equity of 5.52% and a net margin of 9.41%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $999.41 million. During the same period last year, the firm posted $0.15 earnings per share. The business’s revenue for the quarter was down 8.0% on a year-over-year basis. On average, analysts anticipate that Potash Corporation of Saskatchewan will post $0.63 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Friday, June 30th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.39%. Potash Corporation of Saskatchewan’s payout ratio is 81.63%.

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Several hedge funds have recently added to or reduced their stakes in POT. Financial Architects Inc raised its position in shares of Potash Corporation of Saskatchewan by 1.7% in the first quarter. Financial Architects Inc now owns 6,000 shares of the fertilizer maker’s stock worth $102,000 after buying an additional 100 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Potash Corporation of Saskatchewan by 1.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 12,504 shares of the fertilizer maker’s stock worth $216,000 after buying an additional 200 shares in the last quarter. Cubic Asset Management LLC raised its position in shares of Potash Corporation of Saskatchewan by 0.4% in the first quarter. Cubic Asset Management LLC now owns 77,862 shares of the fertilizer maker’s stock worth $1,330,000 after buying an additional 325 shares in the last quarter. Camelot Portfolios LLC raised its position in shares of Potash Corporation of Saskatchewan by 1.0% in the first quarter. Camelot Portfolios LLC now owns 36,750 shares of the fertilizer maker’s stock worth $628,000 after buying an additional 374 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in shares of Potash Corporation of Saskatchewan by 1.4% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 31,301 shares of the fertilizer maker’s stock worth $535,000 after buying an additional 436 shares in the last quarter. Institutional investors own 59.31% of the company’s stock.

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.

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