Potash Corp./Saskatchewan Receives Average Recommendation of “Hold” from Analysts (NYSE:POT)
Shares of Potash Corp./Saskatchewan (NYSE:POT) have been given a consensus recommendation of “Hold” by the twenty analysts that are currently covering the company, Analyst Ratings Network reports. Two investment analysts have rated the stock with a sell recommendation, sixteen have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $34.44.
POT has been the subject of a number of recent research reports. 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.
Potash Corp./Saskatchewan (NYSE:POT) opened at 35.16 on Tuesday. Potash Corp./Saskatchewan has a 1-year low of $29.50 and a 1-year high of $38.58. The stock’s 50-day moving average is $35.45 and its 200-day moving average is $35.52. The company has a market cap of $29.158 billion and a price-to-earnings ratio of 21.86.
Potash Corp./Saskatchewan (NYSE:POT) last announced its earnings results on Thursday, July 24th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter 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.
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