Potash Corporation of Saskatchewan Inc. (POT) PT Raised to $20.00 at Royal Bank Of Canada

Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) had its price target increased by analysts at Royal Bank Of Canada from $19.00 to $20.00 in a note issued to investors on Friday. The firm presently has an “outperform” rating on the fertilizer maker’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 6.72% from the company’s current price.

Several other analysts have also recently weighed in on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $20.50 price target on shares of Potash Corporation of Saskatchewan in a research note on Thursday. Cowen and Company reissued a “hold” rating on shares of Potash Corporation of Saskatchewan in a research note on Friday, September 1st. BMO Capital Markets reissued a “hold” rating on shares of Potash Corporation of Saskatchewan in a research note on Sunday, August 13th. Zacks Investment Research lowered shares of Potash Corporation of Saskatchewan from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Finally, Scotiabank upgraded shares of Potash Corporation of Saskatchewan from a “sector perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $18.25.

Shares of Potash Corporation of Saskatchewan (POT) opened at 18.74 on Friday. The company has a market cap of $15.74 billion, a P/E ratio of 32.99 and a beta of 0.48. The firm has a 50-day moving average of $17.63 and a 200 day moving average of $17.04. Potash Corporation of Saskatchewan has a 52 week low of $15.72 and a 52 week high of $20.27.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last posted its quarterly earnings results on Thursday, July 27th. The fertilizer maker reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). Potash Corporation of Saskatchewan had a net margin of 11.07% and a return on equity of 5.19%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $982.05 million. During the same period last year, the company earned $0.18 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts expect that Potash Corporation of Saskatchewan will post $0.63 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. San Francisco Sentry Investment Group CA purchased a new position in shares of Potash Corporation of Saskatchewan in the 2nd quarter valued at $104,000. Financial Architects Inc grew its position in shares of Potash Corporation of Saskatchewan by 11.7% in the 2nd quarter. Financial Architects Inc now owns 6,700 shares of the fertilizer maker’s stock valued at $109,000 after buying an additional 700 shares during the last quarter. Cornerstone Advisors Inc. grew its position in shares of Potash Corporation of Saskatchewan by 1.8% in the 2nd quarter. Cornerstone Advisors Inc. now owns 6,749 shares of the fertilizer maker’s stock valued at $110,000 after buying an additional 122 shares during the last quarter. Lowe Wealth Advisors LLC grew its position in shares of Potash Corporation of Saskatchewan by 12.7% in the 2nd quarter. Lowe Wealth Advisors LLC now owns 7,520 shares of the fertilizer maker’s stock valued at $123,000 after buying an additional 845 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in shares of Potash Corporation of Saskatchewan by 126.8% in the 2nd quarter. Bessemer Group Inc. now owns 9,892 shares of the fertilizer maker’s stock valued at $162,000 after buying an additional 5,530 shares during the last quarter. 56.97% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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