Shares of Potash Corp. of Saskatchewan (NYSE:POT) have been assigned an average rating of “Hold” from the thirty brokerages that are covering the stock. Seven research analysts have rated the stock with a sell rating, seventeen have given a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $16.50.

Several equities analysts recently issued reports on POT shares. Edward Jones raised Potash Corp. of Saskatchewan from a “hold” rating to a “buy” rating in a research report on Friday, August 19th. Sanford C. Bernstein set a $19.00 target price on Potash Corp. of Saskatchewan and gave the company a “buy” rating in a research report on Tuesday, August 30th. Vetr downgraded Potash Corp. of Saskatchewan from a “strong-buy” rating to a “buy” rating and set a $19.20 target price on the stock. in a research report on Tuesday, August 30th. Stifel Nicolaus raised Potash Corp. of Saskatchewan from a “hold” rating to a “buy” rating and upped their target price for the company from $16.16 to $20.00 in a research report on Wednesday, September 14th. Finally, Morgan Stanley reaffirmed a “hold” rating and issued a $19.00 price target on shares of Potash Corp. of Saskatchewan in a report on Thursday, June 16th.

A number of hedge funds have recently bought and sold shares of POT. FMR LLC increased its stake in Potash Corp. of Saskatchewan by 43.8% in the second quarter. FMR LLC now owns 22,471,952 shares of the fertilizer maker’s stock valued at $365,270,000 after buying an additional 6,845,756 shares during the period. Vanguard Group Inc. increased its stake in Potash Corp. of Saskatchewan by 12.0% in the second quarter. Vanguard Group Inc. now owns 17,178,667 shares of the fertilizer maker’s stock valued at $278,981,000 after buying an additional 1,843,441 shares during the period. Capital International Investors increased its stake in Potash Corp. of Saskatchewan by 13.5% in the second quarter. Capital International Investors now owns 16,118,556 shares of the fertilizer maker’s stock valued at $261,800,000 after buying an additional 1,913,337 shares during the period. Burgundy Asset Management Ltd. increased its stake in Potash Corp. of Saskatchewan by 3.6% in the second quarter. Burgundy Asset Management Ltd. now owns 12,348,824 shares of the fertilizer maker’s stock valued at $199,343,000 after buying an additional 433,939 shares during the period. Finally, Beutel Goodman & Co Ltd. increased its stake in Potash Corp. of Saskatchewan by 6.8% in the second quarter. Beutel Goodman & Co Ltd. now owns 9,592,625 shares of the fertilizer maker’s stock valued at $154,851,000 after buying an additional 613,445 shares during the period. Hedge funds and other institutional investors own 60.34% of the company’s stock.

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Potash Corp. of Saskatchewan (NYSE:POT) traded up 0.13% during midday trading on Tuesday, reaching $15.98. The company’s stock had a trading volume of 7,132,201 shares. Potash Corp. of Saskatchewan has a one year low of $14.64 and a one year high of $23.22. The stock’s 50 day moving average price is $16.54 and its 200-day moving average price is $16.86. The stock has a market cap of $13.41 billion, a price-to-earnings ratio of 19.73 and a beta of 0.92.

Potash Corp. of Saskatchewan (NYSE:POT) last released its earnings results on Thursday, July 28th. The fertilizer maker reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. Potash Corp. of Saskatchewan had a return on equity of 9.17% and a net margin of 13.20%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the firm earned $0.50 EPS. The firm’s revenue was down 39.2% on a year-over-year basis. On average, analysts forecast that Potash Corp. of Saskatchewan will post $0.53 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 2nd. Investors of record on Wednesday, October 12th will be issued a $0.10 dividend. The ex-dividend date is Friday, October 7th. This represents a $0.40 annualized dividend and a yield of 2.51%. Potash Corp. of Saskatchewan’s dividend payout ratio (DPR) is presently 123.46%.

About Potash Corp. of Saskatchewan

Potash Corporation of Saskatchewan Inc is a fertilizer producer producing various primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. It owns and operates approximately five potash operations in Saskatchewan and one in New Brunswick.

5 Day Chart for NYSE:POT

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