Zacks Investment Research upgraded shares of Potash Corp. of Saskatchewan (NYSE:POT) from a strong sell rating to a hold rating in a research report report published on Tuesday morning.

According to Zacks, “Estimates Potash Corp. have been stable of late. In a big move, Potash Corp. and Agrium have agreed to merge in a deal that would create the world’s biggest crop nutrient company.  The proposed merger is expected to create significant cost and operational synergies. The company should also gain from an improving demand environment and its strong operational capability. However, Potash Corp. faces headwinds associated with macroeconomic uncertainties stemming from weakness across specific developing markets. It is also exposed to challenges in its nitrogen business and a weak pricing environment. The prevailing softness in agricultural commodity pricing remains a headwind.”

Analyst Recommendations for Potash Corp. of Saskatchewan (NYSE:POT)

A number of other research firms have also commented on POT. Citigroup Inc. reissued a neutral rating and issued a $17.00 price objective on shares of Potash Corp. of Saskatchewan in a research note on Wednesday, August 31st. RBC Capital Markets reaffirmed a hold rating on shares of Potash Corp. of Saskatchewan in a research note on Wednesday, August 31st. Vetr lowered Potash Corp. of Saskatchewan from a strong-buy rating to a buy rating and set a $19.20 price target on the stock. in a research note on Tuesday, August 30th. Goldman Sachs Group Inc. set a $14.00 price target on Potash Corp. of Saskatchewan and gave the company a neutral rating in a research note on Wednesday, August 31st. Finally, Barclays PLC reaffirmed an underweight rating and set a $14.00 price target on shares of Potash Corp. of Saskatchewan in a research note on Saturday, June 25th. Seven equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $17.39.

Potash Corp. of Saskatchewan (NYSE:POT) opened at 16.32 on Tuesday. Potash Corp. of Saskatchewan has a 1-year low of $14.64 and a 1-year high of $22.37. The stock has a market cap of $13.70 billion, a PE ratio of 20.15 and a beta of 0.92. The firm’s 50-day moving average price is $16.58 and its 200 day moving average price is $16.84.

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 analysts’ consensus estimates of $0.18. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.18 billion. Potash Corp. of Saskatchewan had a return on equity of 9.17% and a net margin of 13.20%. The business’s revenue was down 39.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 earnings per share. Equities research analysts expect that Potash Corp. of Saskatchewan will post $0.53 EPS for the current 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 paid a dividend of $0.10 per share. The ex-dividend date is Friday, October 7th. This represents a $0.40 dividend on an annualized basis and a yield of 2.45%. Potash Corp. of Saskatchewan’s dividend payout ratio (DPR) is presently 123.46%.

Several institutional investors have recently modified their holdings of the stock. Kelly Lawrence W & Associates Inc. CA raised its position in shares of Potash Corp. of Saskatchewan by 28.0% in the second quarter. Kelly Lawrence W & Associates Inc. CA now owns 6,850 shares of the fertilizer maker’s stock valued at $111,000 after buying an additional 1,500 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of Potash Corp. of Saskatchewan by 16.7% in the first quarter. Lazard Asset Management LLC now owns 7,000 shares of the fertilizer maker’s stock valued at $119,000 after buying an additional 1,000 shares during the last quarter. Huntington Asset Advisors Inc. acquired a new position in shares of Potash Corp. of Saskatchewan during the first quarter valued at about $124,000. MUFG Americas Holdings Corp raised its position in shares of Potash Corp. of Saskatchewan by 68.0% in the second quarter. MUFG Americas Holdings Corp now owns 7,730 shares of the fertilizer maker’s stock valued at $126,000 after buying an additional 3,130 shares during the last quarter. Finally, Financial Architects Inc raised its position in shares of Potash Corp. of Saskatchewan by 252.2% in the second quarter. Financial Architects Inc now owns 8,100 shares of the fertilizer maker’s stock valued at $132,000 after buying an additional 5,800 shares during the last quarter. Institutional investors own 58.84% of the company’s stock.

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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