Potash Corp. of Saskatchewan (POT) Trading Down 1.6%
Potash Corp. of Saskatchewan (NYSE:POT) fell 1.6% during mid-day trading on Friday . The company traded as low as $16.18 and last traded at $16.21, with a volume of 3,208,839 shares trading hands. The stock had previously closed at $16.48.
A number of brokerages have recently issued reports on POT. Vetr raised shares of Potash Corp. of Saskatchewan from a “strong sell” rating to a “sell” rating and set a $15.81 target price for the company in a research report on Monday, May 2nd. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $15.00 price objective on shares of Potash Corp. of Saskatchewan in a research report on Monday, May 2nd. Credit Suisse Group AG reaffirmed a “sell” rating on shares of Potash Corp. of Saskatchewan in a research report on Saturday, April 30th. Barclays PLC reaffirmed an “underweight” rating and set a $14.00 price objective on shares of Potash Corp. of Saskatchewan in a research report on Saturday, June 25th. Finally, Morgan Stanley reaffirmed a “hold” rating and set a $19.00 price objective on shares of Potash Corp. of Saskatchewan in a research report on Thursday, June 16th. Eight investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Potash Corp. of Saskatchewan presently has a consensus rating of “Hold” and an average price target of $18.19.
The company’s 50 day moving average price is $16.46 and its 200-day moving average price is $16.82. The company has a market capitalization of $13.46 billion and a price-to-earnings ratio of 19.80.
Potash Corp. of Saskatchewan (NYSE:POT) last announced its quarterly earnings results on Thursday, July 28th. The fertilizer maker reported $0.18 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.18. The company earned $1.05 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the firm earned $0.50 earnings per share. Potash Corp. of Saskatchewan’s revenue for the quarter was down 39.2% on a year-over-year basis. On average, equities research analysts anticipate that Potash Corp. of Saskatchewan will post $0.53 earnings per share for the current fiscal 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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