Potash Corporation of Saskatchewan Inc. (POT) Stock Rating Upgraded by Scotiabank

Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) was upgraded by equities research analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a research note issued on Monday, The Fly reports.

A number of other research firms have also weighed in on POT. Royal Bank of Canada reissued a “buy” rating and issued a $19.00 target price on shares of Potash Corporation of Saskatchewan in a research note on Tuesday, June 20th. Vertical Research raised shares of Potash Corporation of Saskatchewan from a “hold” rating to a “buy” rating in a research note on Friday, May 19th. Zacks Investment Research lowered shares of Potash Corporation of Saskatchewan from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th. Citigroup Inc. decreased their target price on shares of Potash Corporation of Saskatchewan from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 11th. Finally, TD Securities reissued a “hold” rating and issued a $17.50 target price on shares of Potash Corporation of Saskatchewan in a research note on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.20.

Shares of Potash Corporation of Saskatchewan (NYSE:POT) opened at 16.31 on Monday. Potash Corporation of Saskatchewan has a 52-week low of $15.21 and a 52-week high of $20.26. The stock has a market capitalization of $13.70 billion, a P/E ratio of 34.70 and a beta of 0.44. The company has a 50 day moving average price of $16.49 and a 200-day moving average price of $17.43.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last issued its quarterly earnings results on Thursday, April 27th. The fertilizer maker reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.08. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $999.41 million. Potash Corporation of Saskatchewan had a net margin of 9.41% and a return on equity of 5.52%. Potash Corporation of Saskatchewan’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same period last year, the company posted $0.15 EPS. On average, analysts predict that Potash Corporation of Saskatchewan will post $0.63 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Friday, June 30th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $0.40 annualized dividend and a dividend yield of 2.45%. Potash Corporation of Saskatchewan’s dividend payout ratio (DPR) is 81.63%.

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Several institutional investors have recently bought and sold shares of POT. Financial Architects Inc increased its position in shares of Potash Corporation of Saskatchewan by 1.7% in the first quarter. Financial Architects Inc now owns 6,000 shares of the fertilizer maker’s stock worth $102,000 after buying an additional 100 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in shares of Potash Corporation of Saskatchewan during the first quarter worth approximately $178,000. Sigma Planning Corp increased its position in shares of Potash Corporation of Saskatchewan by 13.3% in the first quarter. Sigma Planning Corp now owns 11,662 shares of the fertilizer maker’s stock worth $199,000 after buying an additional 1,367 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Potash Corporation of Saskatchewan during the first quarter worth approximately $200,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Potash Corporation of Saskatchewan by 312.2% in the first quarter. Tower Research Capital LLC TRC now owns 11,867 shares of the fertilizer maker’s stock worth $202,000 after buying an additional 8,988 shares during the last quarter. Institutional investors and hedge funds own 59.31% of the company’s stock.

Potash Corporation of Saskatchewan Company Profile

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.

The Fly

Analyst Recommendations for Potash Corporation of Saskatchewan (NYSE:POT)

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