Potash Corp./Saskatchewan Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:POT)
Potash Corp./Saskatchewan (NYSE:POT) has earned an average recommendation of “Hold” from the twenty ratings firms that are covering the company, American Banking News.com reports. Two analysts have rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $34.44.
A number of research firms have recently commented on POT. Analysts at BGC Financial downgraded shares of Potash Corp./Saskatchewan from a “hold” rating to a “sell” rating in a research note on Wednesday, August 13th. They now have a $30.00 price target on the stock. Separately, analysts at DA Davidson downgraded shares of Potash Corp./Saskatchewan to a “neutral” rating in a research note on Friday, July 25th. They now have a $45.00 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 Friday, July 25th.
Shares of Potash Corp./Saskatchewan (NYSE:POT) opened at 35.17 on Tuesday. Potash Corp./Saskatchewan has a one year low of $29.50 and a one year high of $38.58. The stock has a 50-day moving average of $35.63 and a 200-day moving average of $35.5. The company has a market cap of $29.166 billion and a P/E ratio of 21.84.
Potash Corp./Saskatchewan (NYSE:POT) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.46 by $0.10. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was down 11.8% on a year-over-year basis. On average, analysts predict that Potash Corp./Saskatchewan will post $1.80 earnings per share for the current fiscal year.
Potash Corporation of Saskatchewan Inc (NYSE:POT) is an integrated fertilizer and related industrial and feed products company.