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

POT has been the subject of a number of other reports. Stifel Nicolaus cut shares of Potash Co. of Saskatchewan from a “buy” rating to a “hold” rating in a report on Tuesday, May 31st. Vetr upgraded shares of Potash Co. of Saskatchewan from a “sell” rating to a “hold” rating and set a $16.08 price target for the company in a report on Monday, May 30th. Scotiabank cut shares of Potash Co. of Saskatchewan from an “outperform” rating to a “sector perform” rating in a report on Tuesday, September 13th. BMO Capital Markets restated a “market perform” rating on shares of Potash Co. of Saskatchewan in a report on Monday, August 1st. Finally, Morgan Stanley restated a “hold” rating and set a $19.00 price target on shares of Potash Co. of Saskatchewan in a report on Thursday, June 16th. Seven equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and four have given a buy rating to the company’s stock. Potash Co. of Saskatchewan currently has a consensus rating of “Hold” and a consensus price target of $17.21.

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

Potash Co. of Saskatchewan (NYSE:POT) opened at 16.09 on Tuesday. Potash Co. of Saskatchewan has a 12-month low of $14.64 and a 12-month high of $22.37. The company has a market capitalization of $13.51 billion, a price-to-earnings ratio of 19.86 and a beta of 0.92. The stock’s 50 day moving average price is $16.56 and its 200 day moving average price is $16.84.

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

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

A number of institutional investors have recently made changes to their positions in POT. FMR LLC boosted its position in shares of Potash Co. of Saskatchewan by 43.8% in the second quarter. FMR LLC now owns 22,471,952 shares of the fertilizer maker’s stock worth $365,270,000 after buying an additional 6,845,756 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Potash Co. of Saskatchewan by 12.0% in the second quarter. Vanguard Group Inc. now owns 17,178,667 shares of the fertilizer maker’s stock worth $278,981,000 after buying an additional 1,843,441 shares in the last quarter. Capital International Investors boosted its position in shares of Potash Co. of Saskatchewan by 13.5% in the second quarter. Capital International Investors now owns 16,118,556 shares of the fertilizer maker’s stock worth $261,800,000 after buying an additional 1,913,337 shares in the last quarter. Burgundy Asset Management Ltd. boosted its position in shares of Potash Co. of Saskatchewan by 3.6% in the second quarter. Burgundy Asset Management Ltd. now owns 12,348,824 shares of the fertilizer maker’s stock worth $199,343,000 after buying an additional 433,939 shares in the last quarter. Finally, Beutel Goodman & Co Ltd. boosted its position in shares of Potash Co. of Saskatchewan by 6.8% in the second quarter. Beutel Goodman & Co Ltd. now owns 9,592,625 shares of the fertilizer maker’s stock worth $154,851,000 after buying an additional 613,445 shares in the last quarter. 58.84% of the stock is currently owned by hedge funds and other institutional investors.

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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