Potash Corp./Saskatchewan Stock Rating Reaffirmed by JPMorgan Chase & Co. (POT)
Potash Corp./Saskatchewan (NYSE:POT)‘s stock had its “overweight” rating restated by JPMorgan Chase & Co. in a research note issued on Friday, Analyst Ratings.Net reports. They currently have a $38.00 price objective on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 6.38% from the stock’s previous close.
Shares of Potash Corp./Saskatchewan (NYSE:POT) traded up 0.82% during mid-day trading on Friday, hitting $35.72. 5,063,261 shares of the company’s stock traded hands. Potash Corp./Saskatchewan 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 $34.67 and a 200-day moving average of $32.9. The company has a market cap of $30.452 billion and a price-to-earnings ratio of 17.37. Potash Corp./Saskatchewan also was the target of some unusual options trading activity on Tuesday. Traders bought 20,939 put options on the company. This is an increase of approximately 528% compared to the average volume of 3,334 put options.
Potash Corp./Saskatchewan (NYSE:POT) last announced its earnings results on Thursday, April 24th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.05. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was down 20.0% on a year-over-year basis. On average, analysts predict that Potash Corp./Saskatchewan will post $1.66 earnings per share for the current fiscal year.
A number of other firms have also recently commented on POT. Analysts at Scotiabank reiterated a “sector perform” rating on shares of Potash Corp./Saskatchewan in a research note on Friday. Separately, analysts at Miller Tabak upgraded shares of Potash Corp./Saskatchewan from a “sell” rating to a “neutral” rating in a research note on Tuesday, April 15th. They now have a $30.00 price target on the stock, up previously from $28.00. Finally, analysts at Barclays raised their price target on shares of Potash Corp./Saskatchewan from $30.00 to $31.00 in a research note on Thursday, April 10th. They now have an “equal weight” rating on the stock. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $33.66.
Potash Corporation of Saskatchewan Inc (NYSE:POT) is an integrated fertilizer and related industrial and feed products company.
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