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Societe Generale initiated coverage on shares of Potash Corp./Saskatchewan (NYSE:POT) in a research note issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Potash Corp./Saskatchewan in a research note on Monday. They now have a $37.00 price target on the stock. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $34.59.

Shares of Potash Corp./Saskatchewan (NYSE:POT) traded down 1.17% during mid-day trading on Thursday, hitting $34.434. The stock had a trading volume of 1,390,804 shares. Potash Corp./Saskatchewan has a 52 week low of $29.75 and a 52 week high of $38.58. The stock’s 50-day moving average is $35.38 and its 200-day moving average is $35.5. The company has a market cap of $28.555 billion and a price-to-earnings ratio of 21.57.

Potash Corp./Saskatchewan (NYSE:POT) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.56 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.73 earnings per share. Potash Corp./Saskatchewan’s revenue was down 11.8% compared to the same quarter last year. 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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