Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT)‘s stock had its “buy” rating reaffirmed by analysts at Stifel Nicolaus in a report released on Friday. They presently have a $20.50 price objective on the fertilizer maker’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 17.01% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. Royal Bank Of Canada restated a “buy” rating and set a $19.00 price target on shares of Potash Corporation of Saskatchewan in a report on Friday, July 28th. Cowen and Company set a $16.00 price target on shares of Potash Corporation of Saskatchewan and gave the stock a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research cut shares of Potash Corporation of Saskatchewan from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Scotiabank upgraded shares of Potash Corporation of Saskatchewan from a “sector perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a report on Monday, July 10th. Finally, BMO Capital Markets restated a “hold” rating and set a $17.00 price target on shares of Potash Corporation of Saskatchewan in a report on Friday, July 7th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Potash Corporation of Saskatchewan presently has a consensus rating of “Hold” and an average target price of $18.18.

Shares of Potash Corporation of Saskatchewan (POT) opened at 17.52 on Friday. The stock has a 50 day moving average of $17.33 and a 200-day moving average of $17.24. Potash Corporation of Saskatchewan has a one year low of $15.72 and a one year high of $20.27. The company has a market capitalization of $14.72 billion, a PE ratio of 30.85 and a beta of 0.46.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last released its quarterly earnings results on Thursday, July 27th. The fertilizer maker reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.01. Potash Corporation of Saskatchewan had a return on equity of 5.19% and a net margin of 11.07%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $982.05 million. During the same quarter last year, the firm posted $0.18 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities analysts forecast that Potash Corporation of Saskatchewan will post $0.60 earnings per share for the current fiscal year.

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Hedge funds have recently bought and sold shares of the stock. Livingston Group Asset Management CO operating as Southport Capital Management raised its stake in Potash Corporation of Saskatchewan by 30.2% in the first quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 696,345 shares of the fertilizer maker’s stock valued at $11,894,000 after buying an additional 161,489 shares during the period. Cubic Asset Management LLC raised its stake in 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 valued at $1,330,000 after buying an additional 325 shares during the period. Korea Investment CORP acquired a new stake in Potash Corporation of Saskatchewan during the first quarter valued at about $885,000. Sigma Planning Corp raised its stake in Potash Corporation of Saskatchewan by 13.3% in the first quarter. Sigma Planning Corp now owns 11,662 shares of the fertilizer maker’s stock valued at $199,000 after buying an additional 1,367 shares during the period. Finally, Guardian Investment Management raised its stake in Potash Corporation of Saskatchewan by 5.9% in the first quarter. Guardian Investment Management now owns 37,900 shares of the fertilizer maker’s stock valued at $647,000 after buying an additional 2,100 shares during the period. 59.07% of the stock is currently owned by 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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