Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT) has earned an average recommendation of “Hold” from the twenty-two research firms that are presently covering the stock. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $17.69.
POT has been the topic of several analyst reports. Vetr raised shares of Potash Co. of Saskatchewan from a “buy” rating to a “strong-buy” rating and set a $20.54 price target on the stock in a research note on Wednesday, January 18th. Zacks Investment Research raised shares of Potash Co. of Saskatchewan from a “sell” rating to a “hold” rating in a report on Monday, January 23rd. Sanford C. Bernstein reissued an “overweight” rating on shares of Potash Co. of Saskatchewan in a report on Friday, December 23rd. Royal Bank of Canada reissued a “buy” rating and set a $19.00 price objective on shares of Potash Co. of Saskatchewan in a report on Tuesday, March 14th. Finally, Cowen and Company raised shares of Potash Co. of Saskatchewan from an “underperform” rating to a “market perform” rating and lifted their price target for the company from $14.75 to $18.89 in a report on Tuesday, January 24th.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. WFG Advisors LP increased its position in shares of Potash Co. of Saskatchewan by 356.3% in the fourth quarter. WFG Advisors LP now owns 5,088 shares of the fertilizer maker’s stock worth $160,000 after buying an additional 3,973 shares during the last quarter. Sowell Financial Services LLC bought a new position in shares of Potash Co. of Saskatchewan during the fourth quarter worth approximately $120,000. Tower Research Capital LLC TRC increased its stake in Potash Co. of Saskatchewan by 170.0% in the third quarter. Tower Research Capital LLC TRC now owns 8,574 shares of the fertilizer maker’s stock valued at $139,000 after buying an additional 5,399 shares in the last quarter. Levin Capital Strategies L.P. acquired a new stake in Potash Co. of Saskatchewan during the fourth quarter valued at approximately $181,000. Finally, Fort Point Capital Partners LLC acquired a new stake in Potash Co. of Saskatchewan during the third quarter valued at approximately $173,000. 59.18% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Potash Co. of Saskatchewan (NYSE:POT) traded down 1.978% on Tuesday, reaching $16.105. The company had a trading volume of 4,201,569 shares. Potash Co. of Saskatchewan has a 1-year low of $15.21 and a 1-year high of $20.27. The company’s 50 day moving average price is $17.00 and its 200-day moving average price is $17.63. The stock has a market capitalization of $13.53 billion, a P/E ratio of 42.382 and a beta of 0.58.
Potash Co. of Saskatchewan (NYSE:POT) last released its quarterly earnings results on Thursday, January 26th. The fertilizer maker reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.02. Potash Co. of Saskatchewan had a return on equity of 5.23% and a net margin of 7.54%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $941.39 million. During the same period last year, the firm earned $0.24 EPS. The business’s quarterly revenue was down 21.9% on a year-over-year basis. Equities analysts predict that Potash Co. of Saskatchewan will post $0.52 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 2nd. Investors of record on Friday, March 31st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Wednesday, March 29th. Potash Co. of Saskatchewan’s payout ratio is presently 100.00%.
Potash Co. 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.
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