Potash Corp Rating Reiterated by Scotiabank (POT)
Potash Corp (NYSE:POT)‘s stock had its “sector perform” rating reaffirmed by stock analysts at Scotiabank in a report issued on Friday, StockRatingsNetwork reports. They currently have a $28.00 price target on the stock. Scotiabank’s price objective would suggest a potential downside of 10.23% from the company’s current price.
A number of other firms have also recently commented on POT. Analysts at Desjardins cut their price target on shares of Potash Corp from $38.50 to $35.55 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at CIBC reiterated a “sector perform” rating on shares of Potash Corp in a research note to investors on Friday. They now have a $33.00 price target on the stock. Finally, analysts at Cantor Fitzgerald upgraded shares of Potash Corp from a “sell” rating to a “hold” rating in a research note to investors on Thursday. Six analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $34.45.
Shares of Potash Corp (NYSE:POT) opened at 31.19 on Friday. Potash Corp has a 52-week low of $28.55 and a 52-week high of $44.56. The stock’s 50-day moving average is $30.76 and its 200-day moving average is $37.87. The company has a market cap of $27.039 billion and a P/E ratio of 12.04.
Potash Corp (NYSE:POT) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.74 earnings per share. The company’s quarterly revenue was down 29.1% on a year-over-year basis. Analysts expect that Potash Corp will post $2.32 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, November 5th. Investors of record on Tuesday, October 15th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend is Thursday, October 10th.
Potash Corporation of Saskatchewan Inc (NYSE:POT) is an integrated fertilizer and related industrial and feed products company.
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