Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT)‘s stock had its “buy” rating reissued by analysts at Stifel Nicolaus in a research report issued on Thursday. They presently have a $20.50 price target on the fertilizer maker’s stock. Stifel Nicolaus’ target price indicates a potential upside of 11.78% from the stock’s current price.

Several other analysts also recently weighed in on POT. Royal Bank Of Canada reissued a “buy” rating and issued a $19.00 target price on shares of Potash Corporation of Saskatchewan in a report on Wednesday, May 17th. Vertical Research raised Potash Corporation of Saskatchewan from a “hold” rating to a “buy” rating in a report on Friday, May 19th. BMO Capital Markets reissued a “hold” rating and issued a $17.00 target price on shares of Potash Corporation of Saskatchewan in a report on Friday, July 7th. Scotiabank raised Potash Corporation of Saskatchewan from a “sector perform” rating to an “outperform” rating and set a $20.00 target price for the company in a report on Monday, July 10th. Finally, Zacks Investment Research downgraded Potash Corporation of Saskatchewan from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $18.18.

Shares of Potash Corporation of Saskatchewan (POT) traded up 0.77% on Thursday, hitting $18.34. The stock had a trading volume of 2,383,278 shares. The company has a market cap of $15.41 billion, a price-to-earnings ratio of 32.29 and a beta of 0.48. Potash Corporation of Saskatchewan has a 12-month low of $15.72 and a 12-month high of $20.27. The stock has a 50 day moving average price of $17.60 and a 200-day moving average price of $17.03.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last posted its earnings results on Thursday, July 27th. The fertilizer maker reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). Potash Corporation of Saskatchewan had a net margin of 11.07% and a return on equity of 5.19%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $982.05 million. During the same period in the previous year, the firm posted $0.18 earnings per share. The firm’s revenue for the quarter was up 6.4% 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 year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc increased its position in Potash Corporation of Saskatchewan by 0.6% during the 2nd quarter. IFP Advisors Inc now owns 12,289 shares of the fertilizer maker’s stock worth $200,000 after purchasing an additional 76 shares during the period. Cornerstone Advisors Inc. increased its position in Potash Corporation of Saskatchewan by 1.8% during the 2nd quarter. Cornerstone Advisors Inc. now owns 6,749 shares of the fertilizer maker’s stock worth $110,000 after purchasing an additional 122 shares during the period. DekaBank Deutsche Girozentrale increased its position in Potash Corporation of Saskatchewan by 1.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 12,504 shares of the fertilizer maker’s stock worth $216,000 after purchasing an additional 200 shares during the period. Comerica Bank increased its position in Potash Corporation of Saskatchewan by 1.1% during the 1st quarter. Comerica Bank now owns 51,656 shares of the fertilizer maker’s stock worth $879,000 after purchasing an additional 567 shares during the period. Finally, Roberts Glore & Co. Inc. IL increased its position in Potash Corporation of Saskatchewan by 1.4% during the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 42,475 shares of the fertilizer maker’s stock worth $692,000 after purchasing an additional 600 shares during the period. Institutional investors own 56.97% of the company’s stock.

About Potash Corporation of Saskatchewan

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.

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

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