Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Potash Corp. has outperformed the Zacks categorized Fertilizers industry over a year. The company also raised its earnings outlook for the full year. Potash Corp. will benefit from expanded operational capability and improved demand for potash. The company expects consistent customer engagement through 2017, supported by healthy consumption trends. The proposed merger with Agrium is also expected to create significant cost and operational synergies. However, Potash Corp. remains exposed to a weak pricing environment. It also faces challenging agriculture market fundamentals and weakness across specific consumer markets.”

Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets reiterated a “hold” rating and set a $17.00 price objective on shares of Potash Corporation of Saskatchewan in a research report on Friday. Stifel Nicolaus reiterated a “buy” rating and set a $19.00 price objective (down previously from $20.00) on shares of Potash Corporation of Saskatchewan in a research report on Monday. Royal Bank Of Canada reiterated a “buy” rating and set a $19.00 price objective on shares of Potash Corporation of Saskatchewan in a research report on Tuesday, June 20th. Scotiabank reiterated a “sector perform” rating and set a $20.00 price objective on shares of Potash Corporation of Saskatchewan in a research report on Friday, April 28th. Finally, TD Securities reiterated a “hold” rating and set a $17.50 price objective on shares of Potash Corporation of Saskatchewan in a research report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $18.13.

Potash Corporation of Saskatchewan (NYSE POT) traded up 0.17% during mid-day trading on Tuesday, reaching $17.19. 4,758,137 shares of the company were exchanged. Potash Corporation of Saskatchewan has a one year low of $15.21 and a one year high of $20.26. The stock has a market capitalization of $14.44 billion, a price-to-earnings ratio of 36.57 and a beta of 0.44. The stock has a 50 day moving average of $16.49 and a 200-day moving average of $17.43.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last issued its quarterly earnings results on Thursday, April 27th. The fertilizer maker reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.08. Potash Corporation of Saskatchewan had a net margin of 9.41% and a return on equity of 5.52%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $999.41 million. During the same quarter in the previous year, the firm earned $0.15 earnings per share. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. On average, equities analysts expect that Potash Corporation of Saskatchewan will post $0.63 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Friday, June 30th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Wednesday, June 28th. Potash Corporation of Saskatchewan’s dividend payout ratio is presently 81.63%.

COPYRIGHT VIOLATION NOTICE: This piece was posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another website, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/07/11/potash-corporation-of-saskatchewan-inc-pot-rating-lowered-to-hold-at-zacks-investment-research.html.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. WFG Advisors LP boosted its position in Potash Corporation of Saskatchewan by 356.3% in the fourth quarter. WFG Advisors LP now owns 5,088 shares of the fertilizer maker’s stock worth $160,000 after buying an additional 3,973 shares during the period. Financial Architects Inc boosted its position in Potash Corporation of Saskatchewan by 1.7% in the first quarter. Financial Architects Inc now owns 6,000 shares of the fertilizer maker’s stock worth $102,000 after buying an additional 100 shares during the period. Sowell Financial Services LLC purchased a new position in Potash Corporation of Saskatchewan during the fourth quarter worth $120,000. Lowe fs LLC boosted its position in Potash Corporation of Saskatchewan by 9.4% in the third quarter. Lowe fs LLC now owns 6,490 shares of the fertilizer maker’s stock worth $106,000 after buying an additional 560 shares during the period. Finally, Kelly Lawrence W & Associates Inc. CA boosted its position in Potash Corporation of Saskatchewan by 28.0% in the second quarter. Kelly Lawrence W & Associates Inc. CA now owns 6,850 shares of the fertilizer maker’s stock worth $111,000 after buying an additional 1,500 shares during the period. Institutional investors and hedge funds own 59.30% of the company’s stock.

Potash Corporation 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.

Get a free copy of the Zacks research report on Potash Corporation of Saskatchewan (POT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Potash Corporation of Saskatchewan (NYSE:POT)

Receive News & Ratings for Potash Corporation of Saskatchewan Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Potash Corporation of Saskatchewan Inc. and related companies with MarketBeat.com's FREE daily email newsletter.