Stock analysts at HSBC Holdings plc began coverage on shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) in a research report issued on Wednesday. The firm set a “buy” rating on the fertilizer maker’s stock.

Several other research firms also recently weighed in on POT. TD Securities upgraded Potash Corporation of Saskatchewan from a “hold” rating to a “buy” rating and upped their price target for the stock from $17.50 to $24.00 in a research note on Thursday, September 28th. BMO Capital Markets restated a “market perform” rating and issued a $17.50 price target (up from $17.00) on shares of Potash Corporation of Saskatchewan in a research note on Friday, October 6th. Royal Bank Of Canada upped their price target on Potash Corporation of Saskatchewan from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, September 15th. Stifel Nicolaus restated a “buy” rating and issued a $20.50 price target on shares of Potash Corporation of Saskatchewan in a research note on Thursday, September 14th. Finally, Cowen and Company set a $16.00 price target on Potash Corporation of Saskatchewan and gave the stock a “hold” rating in a research note on Thursday, July 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $18.55.

Shares of Potash Corporation of Saskatchewan (NYSE POT) opened at 18.98 on Wednesday. The company has a 50-day moving average of $18.39 and a 200-day moving average of $17.28. The stock has a market capitalization of $15.94 billion, a P/E ratio of 33.42 and a beta of 0.48. Potash Corporation of Saskatchewan has a 52 week low of $15.72 and a 52 week high of $20.27.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last posted its quarterly earnings results on Thursday, July 27th. The fertilizer maker reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $982.05 million. During the same quarter in the previous year, the company earned $0.18 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, analysts anticipate that Potash Corporation of Saskatchewan will post $0.64 EPS for the current year.

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Large investors have recently added to or reduced their stakes in the stock. San Francisco Sentry Investment Group CA purchased a new stake in Potash Corporation of Saskatchewan during the 2nd quarter valued at $104,000. Financial Architects Inc raised its holdings in Potash Corporation of Saskatchewan by 11.7% during the 2nd quarter. Financial Architects Inc now owns 6,700 shares of the fertilizer maker’s stock valued at $109,000 after buying an additional 700 shares during the period. Cornerstone Advisors Inc. raised its holdings in Potash Corporation of Saskatchewan by 1.8% during the 2nd 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 raised its holdings in Potash Corporation of Saskatchewan by 12.7% during the 2nd 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. Finally, Bessemer Group Inc. raised its holdings in Potash Corporation of Saskatchewan by 126.8% during the 2nd 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. Institutional investors own 56.98% 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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