Potash Corp. of Saskatchewan (POT) Trading 10.6% Higher
Potash Corp. of Saskatchewan (NYSE:POT) shares traded up 10.6% during trading on Tuesday . The company traded as high as $18.42 and last traded at $17.75, with a volume of 29,055,015 shares trading hands. The stock had previously closed at $16.05.
A number of research analysts recently commented on the stock. Citigroup Inc. reaffirmed a “neutral” rating and set a $17.00 price objective on shares of Potash Corp. of Saskatchewan in a research report on Wednesday. Vetr downgraded shares of Potash Corp. of Saskatchewan from a “strong-buy” rating to a “buy” rating and set a $19.20 price objective on the stock. in a research report on Tuesday. Goldman Sachs Group Inc. set a $14.00 price objective on shares of Potash Corp. of Saskatchewan and gave the company a “neutral” rating in a research report on Wednesday. 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 equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the stock. Potash Corp. of Saskatchewan presently has an average rating of “Hold” and a consensus price target of $17.79.
The firm has a market cap of $15.19 billion and a PE ratio of 22.35. The stock’s 50 day moving average is $16.57 and its 200 day moving average is $16.87.
Potash Corp. of Saskatchewan (NYSE:POT) last issued its quarterly earnings results on Thursday, July 28th. The fertilizer maker reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the business earned $0.50 earnings per share. Potash Corp. of Saskatchewan’s revenue was down 39.2% compared to the same quarter last year. On average, equities research analysts forecast that Potash Corp. of Saskatchewan will post $0.52 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Potash Corp. of Saskatchewan stock. Ameriprise Financial Inc. raised its stake in Potash Corp. of Saskatchewan (NYSE:POT) by 95.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 120,125 shares of the fertilizer maker’s stock after buying an additional 58,739 shares during the period. Ameriprise Financial Inc.’s holdings in Potash Corp. of Saskatchewan were worth $2,042,000 at the end of the most recent quarter.
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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