Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) had its price objective increased by research analysts at Royal Bank Of Canada from $19.00 to $20.00 in a research report issued to clients and investors on Friday. The firm currently has an “outperform” rating on the fertilizer maker’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 9.05% from the company’s previous close.

Several other equities research analysts also recently issued reports on POT. Stifel Nicolaus reiterated a “buy” rating and set a $20.50 price objective on shares of Potash Corporation of Saskatchewan in a research note on Friday, August 11th. BMO Capital Markets reiterated a “hold” rating on shares of Potash Corporation of Saskatchewan in a research note on Sunday, August 13th. Zacks Investment Research downgraded shares of Potash Corporation of Saskatchewan from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Cowen and Company reiterated a “hold” rating on shares of Potash Corporation of Saskatchewan in a research note on Friday, September 1st. Finally, Vertical Research upgraded shares of Potash Corporation of Saskatchewan from a “hold” rating to a “buy” rating in a research note on Friday, May 19th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Potash Corporation of Saskatchewan currently has a consensus rating of “Hold” and a consensus price target of $18.25.

Shares of Potash Corporation of Saskatchewan (NYSE POT) traded up 2.45% during trading on Friday, reaching $18.78. 3,289,717 shares of the company’s stock traded hands. The stock has a 50-day moving average of $17.60 and a 200-day moving average of $17.03. The company has a market capitalization of $15.78 billion, a price-to-earnings ratio of 33.06 and a beta of 0.48. Potash Corporation of Saskatchewan has a 1-year low of $15.72 and a 1-year high of $20.27.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last released its quarterly earnings data on Thursday, July 27th. The fertilizer maker reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). Potash Corporation of Saskatchewan had a return on equity of 5.19% and a net margin of 11.07%. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $982.05 million. During the same quarter in the prior year, the firm earned $0.18 earnings per share. Potash Corporation of Saskatchewan’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities analysts predict that Potash Corporation of Saskatchewan will post $0.63 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. First Eagle Investment Management LLC boosted its stake in Potash Corporation of Saskatchewan by 33.3% during the 2nd quarter. First Eagle Investment Management LLC now owns 54,356,354 shares of the fertilizer maker’s stock valued at $886,009,000 after acquiring an additional 13,588,283 shares during the last quarter. FMR LLC boosted its stake in Potash Corporation of Saskatchewan by 5.0% during the 1st quarter. FMR LLC now owns 26,859,993 shares of the fertilizer maker’s stock valued at $458,893,000 after acquiring an additional 1,278,861 shares during the last quarter. Vanguard Group Inc. boosted its stake in Potash Corporation of Saskatchewan by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 19,579,208 shares of the fertilizer maker’s stock valued at $319,141,000 after acquiring an additional 804,672 shares during the last quarter. Jarislowsky Fraser Ltd boosted its stake in Potash Corporation of Saskatchewan by 1.4% during the 2nd quarter. Jarislowsky Fraser Ltd now owns 18,945,804 shares of the fertilizer maker’s stock valued at $308,542,000 after acquiring an additional 254,401 shares during the last quarter. Finally, Carmignac Gestion boosted its stake in Potash Corporation of Saskatchewan by 0.4% during the 2nd quarter. Carmignac Gestion now owns 12,299,830 shares of the fertilizer maker’s stock valued at $200,487,000 after acquiring an additional 43,900 shares during the last quarter. Hedge funds and other 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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