Potash Corp. of Saskatchewan (NYSE:POT) shot up 3.1% during mid-day trading on Tuesday . The stock traded as high as $16.78 and last traded at $16.75, with a volume of 5,898,295 shares. The stock had previously closed at $16.25.

Several research firms recently issued reports on POT. Vetr raised shares of Potash Corp. of Saskatchewan from a “sell” rating to a “hold” rating and set a $16.08 target price on the stock in a research report on Tuesday, May 24th. Stifel Nicolaus lowered shares of Potash Corp. of Saskatchewan from a “buy” rating to a “hold” rating in a report on Tuesday, May 31st. JPMorgan Chase & Co. cut their price target on shares of Potash Corp. of Saskatchewan from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, July 29th. BMO Capital Markets restated a “market perform” rating on shares of Potash Corp. of Saskatchewan in a report on Monday, August 1st. Finally, Credit Suisse Group AG restated a “sell” rating and issued a $11.00 price target on shares of Potash Corp. of Saskatchewan in a report on Friday, July 29th. Eight equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $18.19.

The stock’s 50-day moving average is $16.45 and its 200 day moving average is $16.82. The stock has a market capitalization of $13.93 billion and a P/E ratio of 20.49.

Potash Corp. of Saskatchewan (NYSE:POT) last announced its earnings results on Thursday, July 28th. The fertilizer maker reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the company earned $0.50 EPS. The firm’s revenue for the quarter was down 39.2% compared to the same quarter last year. On average, analysts expect that Potash Corp. of Saskatchewan will post $0.53 EPS for the current year.

Potash Corporation of Saskatchewan Inc is a fertilizer producer producing various primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. It owns and operates approximately five potash operations in Saskatchewan and one in New Brunswick.

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