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

A number of other analysts have also recently issued reports on POT. Vetr cut Potash Corp. of Saskatchewan from a hold rating to a sell rating and set a $15.44 target price for the company. in a report on Tuesday, May 17th. Stifel Nicolaus cut Potash Corp. of Saskatchewan from a buy rating to a hold rating in a report on Tuesday, May 31st. Morgan Stanley reiterated a hold rating and set a $19.00 target price on shares of Potash Corp. of Saskatchewan in a report on Thursday, June 16th. Barclays PLC reiterated an underweight rating and set a $14.00 target price on shares of Potash Corp. of Saskatchewan in a report on Saturday, June 25th. Finally, Citigroup Inc. decreased their price target on Potash Corp. of Saskatchewan from $18.00 to $17.00 and set a neutral rating for the company in a report on Thursday, July 7th. Eight research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and four have assigned a buy rating to the company. Potash Corp. of Saskatchewan has a consensus rating of Hold and a consensus target price of $17.43.

Potash Corp. of Saskatchewan (NYSE:POT) opened at 15.96 on Wednesday. The stock’s 50 day moving average is $16.54 and its 200-day moving average is $16.86. Potash Corp. of Saskatchewan has a 12 month low of $14.64 and a 12 month high of $23.22. The stock has a market capitalization of $13.40 billion, a price-to-earnings ratio of 19.70 and a beta of 0.92.

Potash Corp. of Saskatchewan (NYSE:POT) last issued its earnings results on Thursday, July 28th. The fertilizer maker reported $0.18 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.18. Potash Corp. of Saskatchewan had a return on equity of 9.17% and a net margin of 13.20%. The business earned $1.05 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the business earned $0.50 EPS. The company’s revenue for the quarter was down 39.2% on a year-over-year basis. On average, equities research analysts expect that Potash Corp. of Saskatchewan will post $0.53 earnings per share for the current year.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Group LTD boosted 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 valued at $69,468,000 after buying an additional 1,261,599 shares in the last quarter. Roberts Glore & Co. Inc. IL boosted 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 valued at $659,000 after buying an additional 6,675 shares in the last quarter. guardian investment management boosted 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 valued at $864,000 after buying an additional 1,000 shares in the last quarter. Hyman Charles D purchased a new position in shares of Potash Corp. of Saskatchewan during the first quarter valued at $264,000. Finally, Outfitter Advisors LTD. boosted 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 valued at $792,000 after buying an additional 7,900 shares in the last quarter. 60.34% of the stock is owned by institutional investors and hedge funds.

Potash Corp. of Saskatchewan Company Profile

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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