Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT)‘s stock had its “buy” rating restated by investment analysts at Royal Bank Of Canada in a note issued to investors on Wednesday. They presently have a $20.00 target price on the fertilizer maker’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 3.90% from the company’s previous close.

Several other analysts also recently issued reports on the company. HSBC Holdings plc started coverage on Potash Corporation of Saskatchewan in a research note on Wednesday, October 11th. They set a “buy” rating and a $24.25 target price on the stock. BMO Capital Markets restated a “market perform” rating and set a $17.50 price target (up previously from $17.00) on shares of Potash Corporation of Saskatchewan in a report on Friday, October 6th. TD Securities upgraded Potash Corporation of Saskatchewan from a “hold” rating to a “buy” rating and raised their price target for the company from $17.50 to $24.00 in a report on Thursday, September 28th. Stifel Nicolaus restated a “buy” rating and set a $20.50 price target on shares of Potash Corporation of Saskatchewan in a report on Thursday, September 14th. Finally, Cowen and Company restated a “hold” rating on shares of Potash Corporation of Saskatchewan in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Potash Corporation of Saskatchewan currently has a consensus rating of “Hold” and a consensus price target of $19.16.

Shares of Potash Corporation of Saskatchewan (POT) traded down 0.26% on Wednesday, hitting $19.20. The stock had a trading volume of 698,282 shares. Potash Corporation of Saskatchewan has a 52 week low of $15.72 and a 52 week high of $20.27. The stock has a market capitalization of $16.13 billion, a P/E ratio of 33.80 and a beta of 0.48. The firm has a 50-day moving average price of $18.79 and a 200-day moving average price of $17.38.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last issued its earnings results on Thursday, July 27th. The fertilizer maker reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $982.05 million. Potash Corporation of Saskatchewan had a net margin of 11.07% and a return on equity of 5.19%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $0.18 EPS. Equities analysts expect that Potash Corporation of Saskatchewan will post $0.63 earnings per share for the current fiscal year.

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Several institutional investors have recently made changes to their positions in the company. IFP Advisors Inc boosted its holdings in shares of Potash Corporation of Saskatchewan by 0.6% in the 2nd quarter. IFP Advisors Inc now owns 12,289 shares of the fertilizer maker’s stock worth $200,000 after purchasing an additional 76 shares during the period. Cornerstone Advisors Inc. boosted its holdings in shares of Potash Corporation of Saskatchewan by 1.8% in the 2nd quarter. Cornerstone Advisors Inc. now owns 6,749 shares of the fertilizer maker’s stock worth $110,000 after purchasing an additional 122 shares during the period. Comerica Bank boosted its holdings in shares of Potash Corporation of Saskatchewan by 1.1% in the 1st quarter. Comerica Bank now owns 51,656 shares of the fertilizer maker’s stock worth $879,000 after purchasing an additional 567 shares during the period. Roberts Glore & Co. Inc. IL boosted its holdings in shares of Potash Corporation of Saskatchewan by 1.4% in the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 42,475 shares of the fertilizer maker’s stock worth $692,000 after purchasing an additional 600 shares during the period. Finally, Financial Architects Inc boosted its holdings in shares of Potash Corporation of Saskatchewan by 11.7% in the 2nd quarter. Financial Architects Inc now owns 6,700 shares of the fertilizer maker’s stock worth $109,000 after purchasing an additional 700 shares during the period. Hedge funds and other institutional investors own 56.96% 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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