Potash Corp Upgraded to Hold by Cantor Fitzgerald (POT)
Potash Corp (NYSE:POT) was upgraded by Cantor Fitzgerald from a “sell” rating to a “hold” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports.
Potash Corp (NYSE:POT) traded down 5.08% during mid-day trading on Thursday, hitting $30.09. 9,603,086 shares of the company’s stock traded hands. Potash Corp has a 1-year low of $28.55 and a 1-year high of $44.56. The stock has a 50-day moving average of $30.76 and a 200-day moving average of $37.87. The company has a market cap of $26.086 billion and a P/E ratio of 12.29.
Potash Corp (NYSE:POT) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.41 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.43 by $0.02. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the company posted $0.74 earnings per share. Potash Corp’s revenue was down 29.1% compared to the same quarter last year. Analysts expect that Potash Corp will post $2.36 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, November 5th. Investors of record on Tuesday, October 15th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 4.42%. The ex-dividend date is Thursday, October 10th.
Other equities research analysts have also recently issued reports about the stock. Analysts at TD Securities initiated coverage on shares of Potash Corp in a research note to investors on Wednesday. They set a “hold” rating on the stock. Separately, analysts at Scotiabank reiterated a “sector perform” rating on shares of Potash Corp in a research note to investors on Friday, October 11th. They now have a $28.00 price target on the stock. Finally, analysts at CIBC reiterated a “sector perform” rating on shares of Potash Corp in a research note to investors on Friday, October 11th. They now have a $33.00 price target on the stock. Six equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $34.88.
Potash Corporation of Saskatchewan Inc (NYSE:POT) is an integrated fertilizer and related industrial and feed products company.
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