Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT) was upgraded by stock analysts at Vertical Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada reissued a “buy” rating and issued a $19.00 target price on shares of Potash Co. of Saskatchewan in a research note on Monday, April 10th. Zacks Investment Research raised Potash Co. of Saskatchewan from a “sell” rating to a “hold” rating in a research note on Wednesday, February 15th. Vetr raised Potash Co. of Saskatchewan from a “sell” rating to a “hold” rating and set a $18.98 target price for the company in a research note on Monday, January 30th. BMO Capital Markets reissued a “hold” rating and issued a $16.00 target price on shares of Potash Co. of Saskatchewan in a research note on Friday, January 27th. Finally, TD Securities reissued a “hold” rating and issued a $17.50 target price on shares of Potash Co. of Saskatchewan in a research note on Friday, April 28th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $17.95.

Analyst Recommendations for Potash Co. of Saskatchewan (NYSE:POT)

Shares of Potash Co. of Saskatchewan (NYSE:POT) traded up 4.53% during mid-day trading on Friday, hitting $16.61. The stock had a trading volume of 9,822,536 shares. The stock has a market cap of $13.95 billion, a price-to-earnings ratio of 35.34 and a beta of 0.58. Potash Co. of Saskatchewan has a 12-month low of $15.21 and a 12-month high of $20.26. The firm’s 50-day moving average price is $16.57 and its 200 day moving average price is $17.66.

Potash Co. of Saskatchewan (NYSE:POT) last released its earnings results on Thursday, April 27th. The fertilizer maker reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.08. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $999.41 million. Potash Co. of Saskatchewan had a return on equity of 5.23% and a net margin of 7.54%. The business’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same period last year, the firm earned $0.15 EPS. Equities analysts forecast that Potash Co. of Saskatchewan will post $0.62 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Friday, June 30th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.52%. Potash Co. of Saskatchewan’s dividend payout ratio (DPR) is 100.00%.

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Several hedge funds have recently modified their holdings of the stock. Dynamic Capital Management Ltd increased its stake in Potash Co. of Saskatchewan by 173.8% in the third quarter. Dynamic Capital Management Ltd now owns 594,402 shares of the fertilizer maker’s stock worth $9,701,000 after buying an additional 377,307 shares in the last quarter. Compagnie Lombard Odier SCmA increased its stake in Potash Co. of Saskatchewan by 0.9% in the third quarter. Compagnie Lombard Odier SCmA now owns 333,258 shares of the fertilizer maker’s stock worth $5,413,000 after buying an additional 3,100 shares in the last quarter. Pacific Alternative Asset Management Company LLC increased its stake in Potash Co. of Saskatchewan by 575.4% in the third quarter. Pacific Alternative Asset Management Company LLC now owns 175,600 shares of the fertilizer maker’s stock worth $2,866,000 after buying an additional 149,600 shares in the last quarter. Kempen Capital Management N.V. increased its stake in Potash Co. of Saskatchewan by 6.7% in the third quarter. Kempen Capital Management N.V. now owns 1,251,854 shares of the fertilizer maker’s stock worth $20,430,000 after buying an additional 78,800 shares in the last quarter. Finally, Bank Hapoalim BM increased its stake in Potash Co. of Saskatchewan by 56.7% in the third quarter. Bank Hapoalim BM now owns 637,651 shares of the fertilizer maker’s stock worth $10,406,000 after buying an additional 230,692 shares in the last quarter. Institutional investors own 59.18% of the company’s stock.

Potash Co. of Saskatchewan Company Profile

Potash Corporation of Saskatchewan Inc (PCS) is a fertilizer producer producing a range of primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. As of December 31, 2016, it owned and operated five potash operations in Saskatchewan and owned one in New Brunswick.

12 Month Chart for NYSE:POT

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