Potash Corp. of Saskatchewan (POT) Shares Up 3.1%
Potash Corp. of Saskatchewan (NYSE:POT)’s share price shot up 3.1% during mid-day trading on Tuesday . The stock traded as high as $16.78 and last traded at $16.75, with a volume of 5,898,295 shares traded. The stock had previously closed at $16.25.
Several research firms recently issued reports on POT. Credit Suisse Group AG restated a “sell” rating on shares of Potash Corp. of Saskatchewan in a research report on Saturday, April 30th. Vetr upgraded Potash Corp. of Saskatchewan from a “strong sell” rating to a “sell” rating and set a $15.81 price target on the stock in a research report on Monday, May 2nd. JPMorgan Chase & Co. restated a “hold” rating and set a $15.00 price target on shares of Potash Corp. of Saskatchewan in a research report on Monday, May 2nd. Morgan Stanley restated a “hold” rating and set a $19.00 price target on shares of Potash Corp. of Saskatchewan in a research report on Thursday, June 16th. Finally, Stifel Nicolaus lowered Potash Corp. of Saskatchewan from a “buy” rating to a “hold” rating in a research report on Tuesday, May 31st. Eight investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $18.19.
The stock’s 50-day moving average price is $16.43 and its 200 day moving average price is $16.82. The company has a market capitalization of $14.07 billion and a price-to-earnings ratio of 20.69.
Potash Corp. of Saskatchewan (NYSE:POT) last issued its quarterly earnings data on Thursday, July 28th. The fertilizer maker reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.18 billion. The company’s revenue for the quarter was down 39.2% on a year-over-year basis. During the same quarter last year, the company earned $0.50 earnings per share. On average, equities analysts forecast that Potash Corp. of Saskatchewan will post $0.53 EPS for the current fiscal year.
An institutional investor recently raised its position in Potash Corp. of Saskatchewan stock. Birch Hill Investment Advisors LLC increased its position in shares of Potash Corp. of Saskatchewan (NYSE:POT) by 21.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 172,075 shares of the fertilizer maker’s stock after buying an additional 30,300 shares during the period. Birch Hill Investment Advisors LLC’s holdings in Potash Corp. of Saskatchewan were worth $2,946,000 at the end of the most recent reporting period.
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.