Royal Bank Of Canada restated their buy rating on shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) in a research report sent to investors on Friday morning. Royal Bank Of Canada currently has a $19.00 price target on the fertilizer maker’s stock.

POT has been the subject of several other research reports. Cowen and Company set a $16.00 price target on Potash Corporation of Saskatchewan and gave the company a hold rating in a report on Thursday, July 27th. Zacks Investment Research cut Potash Corporation of Saskatchewan from a hold rating to a sell rating in a report on Tuesday, July 18th. Stifel Nicolaus reaffirmed a buy rating and issued a $19.00 price target (down previously from $20.00) on shares of Potash Corporation of Saskatchewan in a report on Monday, July 10th. Scotiabank reaffirmed a sector perform rating and issued a $20.00 price target on shares of Potash Corporation of Saskatchewan in a report on Friday, April 28th. Finally, TD Securities reaffirmed a hold rating and issued a $17.50 price target on shares of Potash Corporation of Saskatchewan in a report on Friday, April 28th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $18.08.

Potash Corporation of Saskatchewan (NYSE POT) opened at 17.90 on Friday. The firm has a market cap of $15.04 billion, a price-to-earnings ratio of 31.51 and a beta of 0.44. The stock has a 50 day moving average price of $17.07 and a 200 day moving average price of $17.27. Potash Corporation of Saskatchewan has a 12 month low of $15.32 and a 12 month high of $20.27.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last posted its quarterly earnings data 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 5.24% and a net margin of 11.07%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $982.05 million. During the same period in the prior year, the firm posted $0.18 EPS. Potash Corporation of Saskatchewan’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities analysts expect that Potash Corporation of Saskatchewan will post $0.61 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Friday, June 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.40 dividend on an annualized basis and a yield of 2.23%. Potash Corporation of Saskatchewan’s dividend payout ratio (DPR) is presently 67.80%.

A number of large investors have recently added to or reduced their stakes in the company. IFP Advisors Inc raised its stake in Potash Corporation of Saskatchewan by 0.6% in the second quarter. IFP Advisors Inc now owns 12,289 shares of the fertilizer maker’s stock worth $200,000 after buying an additional 76 shares during the period. Financial Architects Inc raised its stake 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 worth $102,000 after buying an additional 100 shares during the period. Cornerstone Advisors Inc. raised its stake 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 worth $110,000 after buying an additional 122 shares during the period. DekaBank Deutsche Girozentrale raised its stake in Potash Corporation of Saskatchewan by 1.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 12,504 shares of the fertilizer maker’s stock worth $216,000 after buying an additional 200 shares during the period. Finally, 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 worth $1,330,000 after buying an additional 325 shares during the period. Institutional investors and hedge funds 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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