Potash Corp Target of Unusually Large Options Trading (POT)
Shares of Potash Corp (NYSE:POT) saw unusually large options trading activity on Tuesday. Traders acquired 8,648 put options on the stock, Analyst Ratings.Net reports. This is an increase of approximately 168% compared to the typical volume of 3,231 put options.
A number of analysts have recently weighed in on POT shares. 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 analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have issued a buy rating to the stock. Potash Corp has an average rating of “Hold” and a consensus target price of $34.70.
Shares of Potash Corp (NYSE:POT) traded down 0.34% during mid-day trading on Tuesday, hitting $32.63. The stock had a trading volume of 9,137,704 shares. Potash Corp has a 1-year low of $28.55 and a 1-year high of $44.13. The stock’s 50-day moving average is $31.79 and its 200-day moving average is $32.95. The company has a market cap of $28.167 billion and a P/E ratio of 14.55.
Potash Corp (NYSE:POT) last posted its quarterly earnings results 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 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. 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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