Potash Corp Target of Unusually High Options Trading (POT)
Potash Corp (NYSE:POT) was the target of some unusual options trading activity on Tuesday. Investors acquired 37,768 call options on the stock, American Banking and Market News reports. This is an increase of approximately 104% compared to the average volume of 18,535 call options.
A number of research firms have recently commented on POT. 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, January 6th. 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 given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $34.70.
Potash Corp (NYSE:POT) opened at 34.29 on Wednesday. Potash Corp has a 52 week low of $28.55 and a 52 week high of $44.13. The stock’s 50-day moving average is $32.00 and its 200-day moving average is $32.58. The company has a market cap of $29.599 billion and a price-to-earnings ratio of 14.74.
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 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 $2.11 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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