Potash Corp Price Target Raised to $32.00 at Canaccord Genuity (POT)
Analysts at Canaccord Genuity hoisted their price objective on shares of Potash Corp (NYSE:POT) from $30.00 to $32.00 in a research report issued to clients and investors on Wednesday, Analyst Ratings Net reports. Canaccord Genuity’s price target points to a potential downside of 5.97% from the stock’s previous close.
Potash Corp (NYSE:POT) remained flat at $33.78 during during mid-day trading trading on Wednesday. The stock had a trading volume of 3,721,840 shares. Potash Corp has a one year low of $28.55 and a one year high of $44.13. The stock has a 50-day moving average of $32.98 and a 200-day moving average of $31.79. The company has a market cap of $28.920 billion and a price-to-earnings ratio of 16.56.
Potash Corp (NYSE:POT) last released its earnings data on Friday, January 31st. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.36 by $0.05. Analysts expect that Potash Corp will post $1.66 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend is Tuesday, April 8th.
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 on Monday, February 3rd. Separately, analysts at TD Securities upgraded shares of Potash Corp from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. They now have a $37.00 price target on the stock, up previously from $33.00. Finally, analysts at Raymond James cut their price target on shares of Potash Corp from $37.00 to $36.00 in a research note on Friday, January 31st. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Potash Corp presently has an average rating of “Hold” and an average target price of $34.14.
Potash Corporation of Saskatchewan Inc (NYSE:POT) is an integrated fertilizer and related industrial and feed products company.
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