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

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

Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) was upgraded by Vetr from a “sell” rating to a “hold” rating in a research report issued on Monday. The brokerage currently has a $18.98 price target on the fertilizer maker’s stock. Vetr‘s price target would indicate a potential upside of 1.28% from the company’s previous close.

Other analysts also recently issued reports about the company. BMO Capital Markets reiterated a “hold” rating and set a $16.00 target price on shares of Potash Corporation of Saskatchewan in a research note on Friday. Credit Suisse Group increased their price target on Potash Corporation of Saskatchewan from $11.00 to $18.00 and gave the company an “underperform” rating in a report on Wednesday, January 25th. Cowen and Company raised Potash Corporation of Saskatchewan from an “underperform” rating to a “market perform” rating and increased their price target for the company from $14.75 to $18.89 in a report on Tuesday, January 24th. Sanford C. Bernstein set a $19.00 price target on Potash Corporation of Saskatchewan and gave the company a “buy” rating in a report on Wednesday, November 23rd. Finally, Zacks Investment Research cut Potash Corporation of Saskatchewan from a “hold” rating to a “sell” rating in a report on Thursday, January 12th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $17.36.

Potash Corporation of Saskatchewan (NYSE:POT) opened at 18.74 on Monday. Potash Corporation of Saskatchewan has a 52-week low of $14.90 and a 52-week high of $20.27. The stock has a market capitalization of $15.74 billion, a PE ratio of 46.85 and a beta of 0.65. The company’s 50-day moving average price is $18.62 and its 200 day moving average price is $17.20.

Potash Corporation of Saskatchewan (NYSE:POT) last issued its earnings results on Thursday, January 26th. The fertilizer maker reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by $0.02. Potash Corporation of Saskatchewan had a net margin of 7.54% and a return on equity of 5.24%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $941.39 million. During the same quarter in the prior year, the business posted $0.24 earnings per share. The business’s revenue for the quarter was down 21.9% on a year-over-year basis. Equities analysts forecast that Potash Corporation of Saskatchewan will post $0.55 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 2nd. Stockholders of record on Friday, March 31st will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, March 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.13%. Potash Corporation of Saskatchewan’s payout ratio is 100.00%.

Several hedge funds and other institutional investors have recently modified their holdings of POT. Advisory Services Network LLC raised its position in Potash Corporation of Saskatchewan by 42.7% in the second quarter. Advisory Services Network LLC now owns 31,286 shares of the fertilizer maker’s stock valued at $508,000 after buying an additional 9,360 shares in the last quarter. Roberts Glore & Co. Inc. IL raised its position in Potash Corporation of Saskatchewan by 7.2% in the second quarter. Roberts Glore & Co. Inc. IL now owns 41,515 shares of the fertilizer maker’s stock valued at $674,000 after buying an additional 2,775 shares in the last quarter. SOL Capital Management CO raised its position in Potash Corporation of Saskatchewan by 38.3% in the second quarter. SOL Capital Management CO now owns 13,900 shares of the fertilizer maker’s stock valued at $226,000 after buying an additional 3,850 shares in the last quarter. DT Investment Partners LLC raised its position in Potash Corporation of Saskatchewan by 27.3% in the second quarter. DT Investment Partners LLC now owns 50,810 shares of the fertilizer maker’s stock valued at $825,000 after buying an additional 10,912 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in Potash Corporation of Saskatchewan by 116.3% in the second quarter. Sequoia Financial Advisors LLC now owns 22,601 shares of the fertilizer maker’s stock valued at $367,000 after buying an additional 12,151 shares in the last quarter. Hedge funds and other institutional investors own 59.00% of the company’s stock.

About Potash Corporation of Saskatchewan

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.

To view Vetr’s full report, visit Vetr’s official website.

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