Potash Corp./Saskatchewan Given Consensus Rating of “Hold” by Brokerages (NYSE:POT)
Shares of Potash Corp./Saskatchewan (NYSE:POT) have earned an average recommendation of “Hold” from the twenty-five brokerages that are covering the stock, ARN reports. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $34.56.
A number of analysts have recently weighed in on POT shares. Analysts at CIBC raised their price target on shares of Potash Corp./Saskatchewan from $35.00 to $38.00 in a research note on Wednesday. They now have a “sector perform” rating on the stock. Separately, analysts at TD Securities downgraded shares of Potash Corp./Saskatchewan from a “buy” rating to a “hold” rating in a research note on Wednesday. They now have a $39.00 price target on the stock. Finally, analysts at Scotiabank reiterated a “sector perform” rating on shares of Potash Corp./Saskatchewan in a research note on Wednesday, July 9th.
Shares of Potash Corp./Saskatchewan (NYSE:POT) opened at 36.10 on Wednesday. Potash Corp./Saskatchewan has a 1-year low of $28.55 and a 1-year high of $38.81. The stock has a 50-day moving average of $36.80 and a 200-day moving average of $35.0. The company has a market cap of $30.535 billion and a price-to-earnings ratio of 19.83.
Potash Corp./Saskatchewan (NYSE:POT) last released its 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. Analysts expect that Potash Corp./Saskatchewan will post $1.69 EPS for the current fiscal year.
Potash Corporation of Saskatchewan Inc (NYSE:POT) is an integrated fertilizer and related industrial and feed products company.
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