Potash Corp./Saskatchewan Stock Rating Lowered by TheStreet (POT)
Other equities research analysts have also recently issued reports about the stock. 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 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, sixteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $34.28.
Shares of Potash Corp./Saskatchewan (NYSE:POT) traded up 1.43% during mid-day trading on Tuesday, hitting $37.59. 2,842,875 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 $41.42. The stock’s 50-day moving average is $36.25 and its 200-day moving average is $34.13. The company has a market cap of $31.796 billion and a price-to-earnings ratio of 20.48. Potash Corp./Saskatchewan also saw some unusual options trading activity on Monday. Investors bought 11,943 call options on the stock. This is an increase of 164% compared to the average volume of 4,524 call options.
Potash Corp./Saskatchewan (NYSE:POT) last issued its quarterly earnings data 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 $1.68 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 1st. Shareholders 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 3.78%. The ex-dividend date is Wednesday, July 9th.
Potash Corporation of Saskatchewan Inc (NYSE:POT) is an integrated fertilizer and related industrial and feed products company.
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