Investors Sell Potash Corp. of Saskatchewan (POT) on Strength (POT)
Investors sold shares of Potash Corp. of Saskatchewan (NYSE:POT) on strength during trading on Thursday. $43.09 million flowed into the stock on the tick-up and $57.82 million flowed out of the stock on the tick-down, for a money net flow of $14.73 million out of the stock. Of all equities tracked, Potash Corp. of Saskatchewan had the 0th highest net out-flow for the day. Potash Corp. of Saskatchewan traded up $0.31 for the day and closed at $18.10
A number of research firms have recently weighed in on POT. Citigroup Inc. restated a “neutral” rating and issued a $17.00 price target on shares of Potash Corp. of Saskatchewan in a research note on Wednesday. RBC Capital Markets reiterated a “hold” rating on shares of Potash Corp. of Saskatchewan in a research report on Wednesday. Vetr downgraded shares of Potash Corp. of Saskatchewan from a “strong-buy” rating to a “buy” rating and set a $19.20 target price on the stock. in a research report on Tuesday. Goldman Sachs Group Inc. set a $14.00 target price on shares of Potash Corp. of Saskatchewan and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Barclays PLC reiterated an “underweight” rating and set a $14.00 target price on shares of Potash Corp. of Saskatchewan in a research report on Saturday, June 25th. Eight equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $17.79.
The stock has a market cap of $15.10 billion and a PE ratio of 22.21. The stock has a 50-day moving average price of $16.58 and a 200-day moving average price of $16.87.
Potash Corp. of Saskatchewan (NYSE:POT) last released its quarterly earnings data on Thursday, July 28th. The fertilizer maker reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. During the same period last year, the company posted $0.50 EPS. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.18 billion. The business’s revenue for the quarter was down 39.2% compared to the same quarter last year. On average, analysts anticipate that Potash Corp. of Saskatchewan will post $0.52 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Potash Corp. of Saskatchewan stock. Ameriprise Financial Inc. increased its position in shares of Potash Corp. of Saskatchewan (NYSE:POT) by 95.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 120,125 shares of the fertilizer maker’s stock after buying an additional 58,739 shares during the period. Ameriprise Financial Inc.’s holdings in Potash Corp. of Saskatchewan were worth $2,042,000 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.
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