Cowen and Company set a $16.00 target price on Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) in a research report sent to investors on Thursday. The brokerage currently has a hold rating on the fertilizer maker’s stock.

Other analysts have also recently issued research reports about the stock. Scotiabank reiterated a sector perform rating and set a $20.00 price target on shares of Potash Corporation of Saskatchewan in a research note on Friday, April 28th. Zacks Investment Research cut shares of Potash Corporation of Saskatchewan from a hold rating to a sell rating in a research note on Tuesday, July 18th. Royal Bank Of Canada reiterated a buy rating and set a $19.00 price target on shares of Potash Corporation of Saskatchewan in a research note on Tuesday, June 20th. TD Securities reiterated a hold rating and set a $17.50 price target on shares of Potash Corporation of Saskatchewan in a research note on Friday, April 28th. Finally, Citigroup Inc. decreased their price target on shares of Potash Corporation of Saskatchewan from $20.00 to $18.00 and set a neutral rating for the company in a research note on Tuesday, April 11th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Potash Corporation of Saskatchewan has an average rating of Hold and a consensus price target of $18.08.

Potash Corporation of Saskatchewan (NYSE:POT) opened at 17.82 on Thursday. The company’s 50 day moving average is $17.04 and its 200 day moving average is $17.30. Potash Corporation of Saskatchewan has a one year low of $15.21 and a one year high of $20.26. The stock has a market cap of $14.97 billion, a PE ratio of 31.37 and a beta of 0.44.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last issued its quarterly earnings results on Thursday, July 27th. The fertilizer maker reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.01. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $982.05 million. Potash Corporation of Saskatchewan had a return on equity of 5.24% and a net margin of 11.07%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 EPS. On average, equities research analysts expect that Potash Corporation of Saskatchewan will post $0.61 EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Friday, June 30th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.40 annualized dividend and a yield of 2.24%. Potash Corporation of Saskatchewan’s dividend payout ratio (DPR) is currently 67.80%.

A number of institutional investors have recently bought and sold shares of the stock. Financial Architects Inc increased its position in 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 valued at $102,000 after buying an additional 100 shares during the period. Cornerstone Advisors Inc. increased its position in Potash Corporation of Saskatchewan by 1.8% in the second quarter. Cornerstone Advisors Inc. now owns 6,749 shares of the fertilizer maker’s stock valued at $110,000 after buying an additional 122 shares during the period. Lowe Wealth Advisors LLC increased its position in Potash Corporation of Saskatchewan by 12.7% in the second quarter. Lowe Wealth Advisors LLC now owns 7,520 shares of the fertilizer maker’s stock valued at $123,000 after buying an additional 845 shares during the period. Bessemer Group Inc. increased its position in Potash Corporation of Saskatchewan by 126.8% in the second quarter. Bessemer Group Inc. now owns 9,892 shares of the fertilizer maker’s stock valued at $162,000 after buying an additional 5,530 shares during the period. Finally, Marshall Wace North America L.P. acquired a new position in Potash Corporation of Saskatchewan during the first quarter valued at $178,000. Hedge funds and other institutional investors own 59.09% 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.

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

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