Cleveland Research restated their neutral rating on shares of Potash Corp. of Saskatchewan (NYSE:POT) in a report published on Wednesday.

A number of other equities analysts have also recently weighed in on the stock. Stifel Nicolaus upgraded shares of Potash Corp. of Saskatchewan from a hold rating to a buy rating and upped their price objective for the stock from $16.16 to $20.00 in a research report on Wednesday, September 14th. Howard Weil cut shares of Potash Corp. of Saskatchewan to a hold rating in a research report on Tuesday, September 13th. Scotiabank cut shares of Potash Corp. of Saskatchewan from an outperform rating to a sector perform rating in a research report on Tuesday, September 13th. Vetr cut shares of Potash Corp. of Saskatchewan from a buy rating to a hold rating and set a $17.36 target price for the company. in a research report on Tuesday, September 6th. Finally, RBC Capital Markets reiterated a hold rating on shares of Potash Corp. of Saskatchewan in a research report on Wednesday, August 31st. Eight investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $17.43.

Potash Corp. of Saskatchewan (NYSE:POT) opened at 15.96 on Wednesday. Potash Corp. of Saskatchewan has a 1-year low of $14.64 and a 1-year high of $23.22. The stock has a market capitalization of $13.40 billion, a PE ratio of 19.70 and a beta of 0.92. The company’s 50 day moving average is $16.54 and its 200-day moving average is $16.86.

Potash Corp. of Saskatchewan (NYSE:POT) last posted its quarterly earnings data on Thursday, July 28th. The fertilizer maker reported $0.18 earnings per share 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. Potash Corp. of Saskatchewan had a net margin of 13.20% and a return on equity of 9.17%. The firm’s revenue for the quarter was down 39.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 earnings per share. Analysts forecast that Potash Corp. of Saskatchewan will post $0.53 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Wednesday, October 12th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.40 dividend on an annualized basis and a yield of 2.51%. Potash Corp. of Saskatchewan’s payout ratio is currently 123.46%.

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Group LTD raised its position in shares of Potash Corp. of Saskatchewan by 44.7% in the first quarter. BlackRock Group LTD now owns 4,081,517 shares of the fertilizer maker’s stock worth $69,468,000 after buying an additional 1,261,599 shares during the period. Roberts Glore & Co. Inc. IL raised its position in shares of Potash Corp. of Saskatchewan by 20.8% in the first quarter. Roberts Glore & Co. Inc. IL now owns 38,740 shares of the fertilizer maker’s stock worth $659,000 after buying an additional 6,675 shares during the period. guardian investment management raised its position in shares of Potash Corp. of Saskatchewan by 2.0% in the first quarter. guardian investment management now owns 50,730 shares of the fertilizer maker’s stock worth $864,000 after buying an additional 1,000 shares during the period. Hyman Charles D acquired a new position in shares of Potash Corp. of Saskatchewan during the first quarter worth about $264,000. Finally, Outfitter Advisors LTD. raised its position in shares of Potash Corp. of Saskatchewan by 20.5% in the first quarter. Outfitter Advisors LTD. now owns 46,525 shares of the fertilizer maker’s stock worth $792,000 after buying an additional 7,900 shares during the period. 60.34% of the stock is currently owned by institutional investors.

About Potash Corp. of Saskatchewan

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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