Potash Co. of Saskatchewan (POT) Now Covered by Stephens

Stock analysts at Stephens began coverage on shares of Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT) in a research report issued on Monday. The brokerage set an “overweight” rating and a $23.00 price target on the fertilizer maker’s stock. Stephens’ target price would indicate a potential upside of 21.31% from the stock’s previous close.

Several other research firms have also recently weighed in on POT. TD Securities raised 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. Zacks Investment Research cut Potash Co. of Saskatchewan from a “hold” rating to a “strong sell” rating in a report on Monday, October 23rd. Royal Bank Of Canada reissued 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 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, assumed coverage on Potash Co. of Saskatchewan in a report on Wednesday, October 11th. They set a “buy” rating and a $24.25 price target for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Potash Co. of Saskatchewan has an average rating of “Buy” and an average price target of $20.25.

Shares of Potash Co. of Saskatchewan (NYSE:POT) opened at $18.96 on Monday. The firm has a market capitalization of $15,971.52, a P/E ratio of 38.02, a P/E/G ratio of 4.64 and a beta of 0.45. 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 has a fifty-two week low of $15.74 and a fifty-two week high of $20.26.

Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT) last released its quarterly earnings results on Thursday, October 26th. The fertilizer maker reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.03 billion. Potash Co. of Saskatchewan had a return on equity of 5.01% and a net margin of 10.21%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 earnings per share. analysts predict that Potash Co. of Saskatchewan will post 0.63 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the business. Moors & Cabot Inc. increased its stake in Potash Co. of Saskatchewan by 5.3% during the 3rd quarter. Moors & Cabot Inc. now owns 95,620 shares of the fertilizer maker’s stock worth $1,851,000 after acquiring an additional 4,834 shares during the period. Neuberger Berman Group LLC increased its stake in Potash Co. of Saskatchewan by 560.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 211,403 shares of the fertilizer maker’s stock worth $4,067,000 after acquiring an additional 179,384 shares during the period. Valeo Financial Advisors LLC bought a new position in Potash Co. of Saskatchewan during the 3rd quarter worth $150,000. Birch Hill Investment Advisors LLC increased its stake in Potash Co. of Saskatchewan by 133.0% during the 3rd quarter. Birch Hill Investment Advisors LLC now owns 635,853 shares of the fertilizer maker’s stock worth $12,234,000 after acquiring an additional 362,973 shares during the period. Finally, Capital Bank & Trust Co bought a new position in Potash Co. of Saskatchewan during the 3rd quarter worth $41,461,000. Hedge funds and other institutional investors own 59.83% 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.

Analyst Recommendations for Potash Co. of Saskatchewan (NYSE:POT)

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