Traders Sell Potash Corp. of Saskatchewan (POT) on Strength (POT)
Traders sold shares of Potash Corp. of Saskatchewan (NYSE:POT) on strength during trading hours on Wednesday. $43.09 million flowed into the stock on the tick-up and $57.82 million flowed out of the stock on the tick-down, for a money net flow of $14.73 million out of the stock. Of all equities tracked, Potash Corp. of Saskatchewan had the 0th highest net out-flow for the day. Potash Corp. of Saskatchewan traded up $0.31 for the day and closed at $18.10
A number of analysts have recently weighed in on POT shares. Vetr upgraded shares of Potash Corp. of Saskatchewan from a “buy” rating to a “strong-buy” rating and set a $19.64 target price for the company in a report on Tuesday, July 12th. Sanford C. Bernstein set a $19.00 price target on shares of Potash Corp. of Saskatchewan and gave the stock a “buy” rating in a research note on Tuesday. Citigroup Inc. decreased their price target on shares of Potash Corp. of Saskatchewan from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, July 7th. Edward Jones raised shares of Potash Corp. of Saskatchewan from a “hold” rating to a “buy” rating in a research note on Friday, August 19th. Finally, Barclays PLC reissued an “underweight” rating and issued a $14.00 price target on shares of Potash Corp. of Saskatchewan in a research note on Saturday, June 25th. Eight equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the stock. Potash Corp. of Saskatchewan has a consensus rating of “Hold” and a consensus target price of $17.79.
The firm’s 50-day moving average price is $16.57 and its 200-day moving average price is $16.87. The stock has a market cap of $15.19 billion and a P/E ratio of 22.35.
Potash Corp. of Saskatchewan (NYSE:POT) last posted its quarterly earnings data on Thursday, July 28th. The fertilizer maker reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.18 billion. The company’s revenue was down 39.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 EPS. On average, equities analysts expect that Potash Corp. of Saskatchewan will post $0.52 earnings per share for the current year.
An institutional investor recently raised its position in Potash Corp. of Saskatchewan stock. Ameriprise Financial Inc. boosted 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 Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the SEC.
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.