Potash Corporation of Saskatchewan (NYSE:POT) Receiving Somewhat Favorable News Coverage, Report Finds
News stories about Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) have been trending somewhat positive on Thursday, Accern reports. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Potash Corporation of Saskatchewan earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news articles about the fertilizer maker an impact score of 46.7941135434616 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Potash Corporation of Saskatchewan (POT) traded down 0.63% during mid-day trading on Thursday, reaching $17.44. The company’s stock had a trading volume of 8,246,616 shares. The stock has a market capitalization of $14.65 billion, a P/E ratio of 30.70 and a beta of 0.46. Potash Corporation of Saskatchewan has a 1-year low of $15.72 and a 1-year high of $20.27. The stock’s 50 day moving average price is $17.31 and its 200 day moving average price is $17.25.
Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last posted its quarterly earnings data on Thursday, July 27th. The fertilizer maker reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $982.05 million. Potash Corporation of Saskatchewan had a net margin of 11.07% and a return on equity of 5.19%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 earnings per share. Analysts expect that Potash Corporation of Saskatchewan will post $0.60 EPS for the current fiscal year.
Several research analysts recently weighed in on the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $19.00 price objective on shares of Potash Corporation of Saskatchewan in a research report on Friday, July 28th. Cowen and Company set a $16.00 price objective on Potash Corporation of Saskatchewan and gave the stock a “hold” rating in a research report on Thursday, July 27th. Zacks Investment Research lowered Potash Corporation of Saskatchewan from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Stifel Nicolaus reiterated a “buy” rating and issued a $19.00 price objective (down from $20.00) on shares of Potash Corporation of Saskatchewan in a research report on Monday, July 10th. Finally, Scotiabank upgraded Potash Corporation of Saskatchewan from a “sector perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research report on Monday, July 10th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $18.08.
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About Potash Corporation of Saskatchewan
Potash Corporation of Saskatchewan Inc (PCS) is a fertilizer producer producing a range of primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. As of December 31, 2016, it owned and operated five potash operations in Saskatchewan and owned one in New Brunswick.
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