Potash Co. of Saskatchewan (NYSE:POT) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “Estimates Potash Corp. have been stable of late. In a big move, Potash Corp. and Agrium have agreed to merge in a deal that would create the world’s biggest crop nutrient company.  The proposed merger is expected to create significant cost and operational synergies. The company should also gain from an improving demand environment and its strong operational capability. However, Potash Corp. faces headwinds associated with macroeconomic uncertainties stemming from weakness across specific developing markets. It is also exposed to challenges in its nitrogen business and a weak pricing environment. The prevailing softness in agricultural commodity pricing remains a headwind.”

A number of other research analysts have also weighed in on the stock. Vetr raised shares of Potash Co. of Saskatchewan from a “hold” rating to a “buy” rating and set a $17.22 price objective on the stock in a research note on Wednesday, September 14th. Cleveland Research reaffirmed a “neutral” rating on shares of Potash Co. of Saskatchewan in a research note on Wednesday, September 14th. Stifel Nicolaus raised shares of Potash Co. of Saskatchewan from a “hold” rating to a “buy” rating and raised their price objective for the company from $16.16 to $20.00 in a research note on Wednesday, September 14th. Howard Weil lowered shares of Potash Co. of Saskatchewan to a “hold” rating in a research note on Tuesday, September 13th. Finally, Scotiabank lowered shares of Potash Co. of Saskatchewan from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 13th. Seven analysts have rated the stock with a sell rating, eighteen have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.21.

Analyst Recommendations for Potash Co. of Saskatchewan (NYSE:POT)

Shares of Potash Co. of Saskatchewan (NYSE:POT) opened at 16.09 on Tuesday. The company has a market cap of $13.51 billion, a P/E ratio of 19.86 and a beta of 0.92. The company’s 50 day moving average is $16.56 and its 200 day moving average is $16.84. Potash Co. of Saskatchewan has a one year low of $14.64 and a one year high of $22.37.

Potash Co. of Saskatchewan (NYSE:POT) last issued its earnings results on Thursday, July 28th. The fertilizer maker reported $0.18 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.18 billion. Potash Co. of Saskatchewan had a net margin of 13.20% and a return on equity of 9.17%. Potash Co. of Saskatchewan’s revenue was down 39.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 earnings per share. On average, equities analysts predict that Potash Co. of Saskatchewan will post $0.53 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Wednesday, October 12th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, October 7th. This represents a $0.40 annualized dividend and a yield of 2.49%. Potash Co. of Saskatchewan’s payout ratio is presently 123.46%.

A number of large investors have recently made changes to their positions in POT. Kelly Lawrence W & Associates Inc. CA raised its stake in shares of Potash Co. of Saskatchewan by 28.0% in the second quarter. Kelly Lawrence W & Associates Inc. CA now owns 6,850 shares of the fertilizer maker’s stock worth $111,000 after buying an additional 1,500 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of Potash Co. of Saskatchewan by 16.7% in the first quarter. Lazard Asset Management LLC now owns 7,000 shares of the fertilizer maker’s stock worth $119,000 after buying an additional 1,000 shares during the last quarter. Huntington Asset Advisors Inc. acquired a new stake in shares of Potash Co. of Saskatchewan during the first quarter worth $124,000. MUFG Americas Holdings Corp raised its stake in shares of Potash Co. of Saskatchewan by 68.0% in the second quarter. MUFG Americas Holdings Corp now owns 7,730 shares of the fertilizer maker’s stock worth $126,000 after buying an additional 3,130 shares during the last quarter. Finally, Financial Architects Inc raised its stake in shares of Potash Co. of Saskatchewan by 252.2% in the second quarter. Financial Architects Inc now owns 8,100 shares of the fertilizer maker’s stock worth $132,000 after buying an additional 5,800 shares during the last quarter. Institutional investors and hedge funds own 58.84% of the company’s stock.

Potash Co. of Saskatchewan Company Profile

Potash Corporation of Saskatchewan Inc is a fertilizer producer producing various primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. It owns and operates approximately five potash operations in Saskatchewan and one in New Brunswick.

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