Potash Corp Price Target Increased to $35.00 by Analysts at CIBC (POT)
Analysts at CIBC upped their price target on shares of Potash Corp (NYSE:POT) from $33.00 to $35.00 in a research report issued to clients and investors on Monday, Analyst Ratings Net reports. CIBC’s target price would indicate a potential upside of 7.13% from the stock’s previous close.
A number of other firms have also recently commented on POT. Analysts at Scotiabank reiterated a “sector perform” rating on shares of Potash Corp in a research note to investors on Wednesday, December 4th. Separately, analysts at RBC Capital initiated coverage on shares of Potash Corp in a research note to investors on Wednesday, December 4th. They set a “sector perform” rating and a $35.00 price target on the stock. Finally, analysts at Zacks reiterated an “underperform” rating on shares of Potash Corp in a research note to investors on Monday, November 25th. They now have a $28.00 price target on the stock. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have issued a buy rating to the company’s stock. Potash Corp has a consensus rating of “Hold” and a consensus target price of $34.70.
Potash Corp (NYSE:POT) opened at 32.67 on Monday. Potash Corp has a 52 week low of $28.55 and a 52 week high of $44.13. The stock has a 50-day moving average of $31.79 and a 200-day moving average of $32.95. The company has a market cap of $28.201 billion and a P/E ratio of 14.61.
Potash Corp (NYSE:POT) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was down 29.1% on a year-over-year basis. On average, analysts predict that Potash Corp will post $2.12 earnings per share for the current fiscal year.
Potash Corporation of Saskatchewan Inc (NYSE:POT) is an integrated fertilizer and related industrial and feed products company.
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