Potash Corp./Saskatchewan’s Neutral Rating Reaffirmed at Zacks (POT)
Potash Corp./Saskatchewan (NYSE:POT)‘s stock had its “neutral” rating reissued by Zacks in a note issued to investors on Monday. They currently have a $37.00 target price on the stock. Zacks‘s target price would indicate a potential upside of 5.23% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $34.59.
Potash Corp./Saskatchewan (NYSE:POT) traded down 0.40% during mid-day trading on Monday, hitting $35.16. 1,851,232 shares of the company’s stock traded hands. Potash Corp./Saskatchewan has a 1-year low of $29.50 and a 1-year high of $38.58. The stock has a 50-day moving average of $35.45 and a 200-day moving average of $35.52. The company has a market cap of $29.158 billion and a P/E ratio of 21.86.
Potash Corp./Saskatchewan (NYSE:POT) last posted its quarterly 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 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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