Potash Corp./Saskatchewan Given Consensus Rating of “Hold” by Analysts (NYSE:POT)
Potash Corp./Saskatchewan (NYSE:POT) has been given an average rating of “Hold” by the twenty-five analysts that are presently covering the stock, Analyst Ratings Net reports. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $34.28.
Potash Corp./Saskatchewan (NYSE:POT) traded down 0.18% on Friday, hitting $35.405. 937,296 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 $41.93. The stock has a 50-day moving average of $36.1 and a 200-day moving average of $33.89. The company has a market cap of $29.948 billion and a P/E ratio of 19.60.
Potash Corp./Saskatchewan (NYSE:POT) last announced its 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. On average, analysts predict that Potash Corp./Saskatchewan will post $1.67 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 1st. Shareholders of record on Friday, July 11th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend is Wednesday, July 9th.
POT has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Potash Corp./Saskatchewan from an “underperform” rating to a “neutral” rating in a research note on Friday, May 30th. They now have a $38.00 price target on the stock. Separately, 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. Finally, 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.
Potash Corporation of Saskatchewan Inc (NYSE:POT) is an integrated fertilizer and related industrial and feed products company.
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