Potash Corp./Saskatchewan Upgraded to Neutral by Zacks (POT)
Potash Corp./Saskatchewan (NYSE:POT) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Friday. The firm currently has a $38.00 price objective on the stock. Zacks‘s price target would indicate a potential upside of 4.40% from the stock’s previous close.
Shares of Potash Corp./Saskatchewan (NYSE:POT) traded down 0.48% during mid-day trading on Friday, hitting $36.2244. The stock had a trading volume of 1,533,539 shares. Potash Corp./Saskatchewan has a 52-week low of $28.55 and a 52-week high of $42.51. The stock has a 50-day moving average of $35.91 and a 200-day moving average of $33.77. The company has a market cap of $30.641 billion and a price-to-earnings ratio of 20.11.
Potash Corp./Saskatchewan (NYSE:POT) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.40 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.63 earnings per share. Potash Corp./Saskatchewan’s revenue was down 20.0% compared to the same quarter last year. Analysts expect that Potash Corp./Saskatchewan will post $1.67 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 1st. Investors of record on Friday, July 11th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Wednesday, July 9th.
POT has been the subject of a number of other recent research reports. Analysts at Raymond James downgraded shares of Potash Corp./Saskatchewan from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 21st. They now have a $38.50 price target on the stock. Separately, analysts at TheStreet upgraded shares of Potash Corp./Saskatchewan from a “hold” rating to a “buy” rating in a research note on Tuesday, May 6th. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Potash Corp./Saskatchewan in a research note on Friday, April 25th. They now have a $38.00 price target on the stock. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $34.28.
Potash Corporation of Saskatchewan Inc (NYSE:POT) is an integrated fertilizer and related industrial and feed products company.
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