Potash Corp. of Saskatchewan (NYSE:POT) dropped 1.6% on Friday . The stock traded as low as $16.18 and last traded at $16.21, with a volume of 3,208,839 shares. The stock had previously closed at $16.48.

A number of equities research analysts have weighed in on the stock. Edward Jones raised shares of Potash Corp. of Saskatchewan from a “hold” rating to a “buy” rating in a report on Friday, August 19th. Vetr raised shares of Potash Corp. of Saskatchewan from a “sell” rating to a “hold” rating and set a $16.54 price target for the company in a report on Monday, June 13th. Morgan Stanley reissued a “hold” rating and issued a $19.00 price target on shares of Potash Corp. of Saskatchewan in a report on Thursday, June 16th. JPMorgan Chase & Co. reissued a “hold” rating and issued a $15.00 price target on shares of Potash Corp. of Saskatchewan in a report on Monday, May 2nd. Finally, Stifel Nicolaus downgraded shares of Potash Corp. of Saskatchewan from a “buy” rating to a “hold” rating in a report on Tuesday, May 31st. Eight equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Potash Corp. of Saskatchewan has an average rating of “Hold” and an average target price of $18.19.

The firm’s 50 day moving average is $16.46 and its 200-day moving average is $16.82. The firm has a market capitalization of $13.46 billion and a P/E ratio of 19.80.

Potash Corp. of Saskatchewan (NYSE:POT) last released its quarterly earnings data on Thursday, July 28th. The fertilizer maker reported $0.18 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. During the same quarter last year, the firm earned $0.50 EPS. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.18 billion. The company’s revenue for the quarter was down 39.2% on a year-over-year basis. Equities analysts anticipate that Potash Corp. of Saskatchewan will post $0.53 EPS 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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