Potash Co. of Saskatchewan (POT) Shares Gap Up to $20.54

Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT) shares gapped up before the market opened on Monday . The stock had previously closed at $20.12, but opened at $20.54. Potash Co. of Saskatchewan shares last traded at $20.65, with a volume of 10326900 shares.

POT has been the topic of several analyst reports. Zacks Investment Research lowered Potash Co. of Saskatchewan from a “hold” rating to a “strong sell” rating in a report on Monday, October 23rd. BMO Capital Markets reiterated a “market perform” rating and set a $17.50 price target (up previously from $17.00) on shares of Potash Co. of Saskatchewan in a report on Friday, October 6th. Royal Bank of Canada reiterated a “buy” rating and set a $20.00 price target on shares of Potash Co. of Saskatchewan in a report on Wednesday, October 18th. UBS Group lifted their price target on Potash Co. of Saskatchewan from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, TD Securities upgraded Potash Co. of Saskatchewan from a “hold” rating to a “buy” rating and lifted their price target for the stock from $17.50 to $24.00 in a report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $20.25.

The firm has a market cap of $17,349.38, a price-to-earnings ratio of 37.55, a PEG ratio of 5.04 and a beta of 0.46. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.50 and a current ratio of 0.99.

Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT) last issued its quarterly earnings data on Thursday, October 26th. The fertilizer maker reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.03). The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Potash Co. of Saskatchewan had a net margin of 10.21% and a return on equity of 5.01%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.10 earnings per share. research analysts forecast that Potash Co. of Saskatchewan will post 0.63 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Friday, December 29th will be issued a $0.10 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.40 annualized dividend and a yield of 1.94%. Potash Co. of Saskatchewan’s dividend payout ratio (DPR) is currently 72.73%.

A number of institutional investors and hedge funds have recently modified their holdings of POT. Perigon Wealth Management LLC increased its stake in Potash Co. of Saskatchewan by 35.2% during the second quarter. Perigon Wealth Management LLC now owns 25,177 shares of the fertilizer maker’s stock worth $413,000 after purchasing an additional 6,553 shares during the period. Kempen Capital Management N.V. increased its stake in Potash Co. of Saskatchewan by 4.0% during the second quarter. Kempen Capital Management N.V. now owns 1,443,804 shares of the fertilizer maker’s stock worth $23,534,000 after purchasing an additional 54,950 shares during the period. Schroder Investment Management Group increased its stake in Potash Co. of Saskatchewan by 2,582.5% during the second quarter. Schroder Investment Management Group now owns 2,905,142 shares of the fertilizer maker’s stock worth $61,327,000 after purchasing an additional 2,796,842 shares during the period. Jarislowsky Fraser Ltd increased its stake in Potash Co. of Saskatchewan by 42.5% during the third quarter. Jarislowsky Fraser Ltd now owns 26,998,779 shares of the fertilizer maker’s stock worth $518,539,000 after purchasing an additional 8,052,975 shares during the period. Finally, Bridgewater Associates LP purchased a new stake in Potash Co. of Saskatchewan during the second quarter worth about $2,597,000. Hedge funds and other institutional investors own 59.60% of the company’s stock.

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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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