Potash Corp Sees Unusually Large Options Volume (POT)
Shares of Potash Corp (NYSE:POT) saw unusually large options trading activity on Tuesday. Traders acquired 72,527 call options on the company, Stock Ratings Network.com reports. This represents an increase of 718% compared to the average daily volume of 8,868 call options.
Several analysts have recently commented on the stock. Analysts at CIBC raised their price target on shares of Potash Corp from $33.00 to $35.00 in a research note to investors on Monday. Separately, analysts at Scotiabank reiterated a “sector perform” rating on shares of Potash Corp in a research note to investors on Wednesday, December 4th. Finally, 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. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $34.70.
Potash Corp (NYSE:POT) traded down 0.34% during mid-day trading on Tuesday, hitting $32.63. 9,137,354 shares of the company’s stock traded hands. Potash Corp has a 1-year low of $28.55 and a 1-year high of $44.13. The stock has a 50-day moving average of $31.80 and a 200-day moving average of $32.78. The company has a market cap of $28.167 billion and a P/E ratio of 14.55.
Potash Corp (NYSE:POT) last announced its earnings results 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 $2.12 EPS 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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