Traders Sell Shares of Potash Corp. of Saskatchewan (POT) on Strength (POT)
Investors sold shares of Potash Corp. of Saskatchewan (NYSE:POT) on strength during trading hours on Thursday. $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 stocks 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 equities research analysts have recently commented on the company. Vetr cut Potash Corp. of Saskatchewan from a “hold” rating to a “sell” rating and set a $16.44 target price on the stock. in a research note on Tuesday, June 14th. Morgan Stanley reiterated a “hold” rating and set a $19.00 target price on shares of Potash Corp. of Saskatchewan in a research note on Thursday, June 16th. Stifel Nicolaus cut Potash Corp. of Saskatchewan from a “buy” rating to a “hold” rating in a research note on Tuesday, May 31st. BMO Capital Markets reiterated a “market perform” rating on shares of Potash Corp. of Saskatchewan in a research note on Monday, August 1st. Finally, Sanford C. Bernstein set a $19.00 target price on Potash Corp. of Saskatchewan and gave the stock a “buy” rating in a research note on Tuesday. Eight analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $17.79.
The firm’s 50 day moving average is $16.56 and its 200 day moving average is $16.87. The company has a market capitalization of $14.95 billion and a PE ratio of 21.99.
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. During the same period last year, the business earned $0.50 EPS. The company earned $1.05 billion during the quarter, compared to the consensus estimate of $1.18 billion. The firm’s quarterly revenue was down 39.2% compared to the same quarter last year. Analysts forecast that Potash Corp. of Saskatchewan will post $0.52 EPS for the current fiscal year.
An institutional investor recently raised its position in Potash Corp. of Saskatchewan stock. Ameriprise Financial Inc. increased its stake in Potash Corp. of Saskatchewan (NYSE:POT) by 95.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.
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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