Published On: Thu, Sep 15th, 2016

Potash Corp. of Saskatchewan (POT) Stock Rating Upgraded by Stifel Nicolaus

Potash Corp. of Saskatchewan (NYSE:POT) was upgraded by research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The brokerage currently has a $20.00 price target on the fertilizer maker’s stock, up from their prior price target of $16.16. Stifel Nicolaus’ target price would indicate a potential upside of 25.08% from the company’s current price.
A number of other analysts have also recently commented on the company. Vetr raised Potash Corp. of Saskatchewan from a “buy” rating to a “strong-buy” rating and set a $19.64 price target for the company in a research note on Tuesday, July 12th. Sanford C. Bernstein set a $19.00 price objective on Potash Corp. of Saskatchewan and gave the company a “buy” rating in a research report on Tuesday, August 30th. Citigroup Inc. decreased their price objective on Potash Corp. of Saskatchewan from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, July 7th. Edward Jones upgraded Potash Corp. of Saskatchewan from a “hold” rating to a “buy” rating in a research report on Friday, August 19th. Finally, Barclays PLC reiterated an “underweight” rating and issued a $14.00 price objective on shares of Potash Corp. of Saskatchewan in a research report on Saturday, June 25th. Eight equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $17.44.
Potash Corp. of Saskatchewan (NYSE:POT) traded down 1.05% during trading on Wednesday, hitting $15.99. 11,058,052 shares of the stock were exchanged. The firm’s 50 day moving average price is $16.60 and its 200-day moving average price is $16.92. Potash Corp. of Saskatchewan has a 1-year low of $14.64 and a 1-year high of $25.58. The stock has a market cap of $13.42 billion, a price-to-earnings ratio of 19.74 and a beta of 0.92.

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Potash Corp. of Saskatchewan (NYSE:POT) last announced its quarterly earnings results on Thursday, July 28th. The fertilizer maker reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. The company earned $1.05 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Potash Corp. of Saskatchewan had a return on equity of 9.17% and a net margin of 13.20%. Potash Corp. of Saskatchewan’s revenue was down 39.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 EPS. On average, analysts anticipate that Potash Corp. of Saskatchewan will post $0.53 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Wednesday, October 12th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Friday, October 7th. Potash Corp. of Saskatchewan’s payout ratio is presently 123.46%.
Large investors have recently added to or reduced their stakes in the stock. FMR LLC increased its stake in Potash Corp. of Saskatchewan by 43.8% in the second quarter. FMR LLC now owns 22,471,952 shares of the fertilizer maker’s stock valued at $365,270,000 after buying an additional 6,845,756 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in Potash Corp. of Saskatchewan during the second quarter worth $104,388,000. Bank of New York Mellon Corp boosted its stake in Potash Corp. of Saskatchewan by 239.4% in the second quarter. Bank of New York Mellon Corp now owns 3,687,854 shares of the fertilizer maker’s stock worth $59,889,000 after buying an additional 2,601,286 shares during the period. Emerald Acquisition Ltd. acquired a new stake in Potash Corp. of Saskatchewan during the second quarter worth $39,777,000. Finally, Capital International Investors boosted its stake in Potash Corp. of Saskatchewan by 13.5% in the second quarter. Capital International Investors now owns 16,118,556 shares of the fertilizer maker’s stock worth $261,800,000 after buying an additional 1,913,337 shares during the period. 60.34% of the stock is owned by institutional investors.
About Potash Corp. 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.

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