Potash Corp’s Buy Rating Reaffirmed at TheStreet (POT)
TheStreet reissued their buy rating on shares of Potash Corp (NYSE: POT) in a report released on Tuesday, StockRatingsNetwork reports.
“Potash Corporation of Saskatchewan (POT) has been reiterated by TheStreet Ratings as a buy with a ratings score of B-. The company’s strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.”
,” TheStreet’s analyst wrote.
Shares of Potash Corp (NYSE: POT) traded up 3.05% during mid-day trading on Tuesday, hitting $40.84. Potash Corp has a 52 week low of $36.73 and a 52 week high of $46.16. The stock’s 50-day moving average is currently $39.60. The company has a market cap of $35.331 billion and a P/E ratio of 16.72.
A number of other analysts have also recently weighed in on POT. Analysts at HSBC initiated coverage on shares of Potash Corp in a research note to investors on Thursday, April 18th. They set an overweight rating and a $38.02 price target on the stock. Separately, analysts at CIBC reiterated a sector perform rating on shares of Potash Corp in a research note to investors on Monday, April 15th. They now have a $45.00 price target on the stock. Finally, analysts at Scotiabank reiterated a sector perform rating on shares of Potash Corp in a research note to investors on Thursday, April 11th. They now have a $43.00 price target on the stock.
Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $45.17.
Potash Corporation of Saskatchewan Inc. (NYSE: POT) is an integrated fertilizer and related industrial and feed products company.
To view TheStreet’s full report, visit www.thestreetratings.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.
