Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT)‘s stock had its “market perform” rating restated by investment analysts at BMO Capital Markets in a research note issued to investors on Friday. They currently have a $17.50 price target on the fertilizer maker’s stock, up from their previous price target of $17.00. BMO Capital Markets’ target price suggests a potential downside of 7.51% from the stock’s previous close.

POT has been the topic of a number of other reports. Stifel Nicolaus reissued a “buy” rating and set a $20.50 target price on shares of Potash Corporation of Saskatchewan in a report on Friday, August 11th. Royal Bank Of Canada boosted their target price on shares of Potash Corporation of Saskatchewan from $19.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, September 15th. Cowen and Company reissued a “hold” rating on shares of Potash Corporation of Saskatchewan in a report on Friday, September 1st. Zacks Investment Research lowered shares of Potash Corporation of Saskatchewan from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, TD Securities raised shares of Potash Corporation of Saskatchewan from a “hold” rating to a “buy” rating and boosted their target price for the stock from $17.50 to $24.00 in a report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given 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 price target of $18.55.

Potash Corporation of Saskatchewan (NYSE POT) traded down 0.94% during mid-day trading on Friday, hitting $18.92. 2,774,248 shares of the stock traded hands. The stock has a market capitalization of $15.89 billion, a PE ratio of 33.31 and a beta of 0.48. Potash Corporation of Saskatchewan has a one year low of $15.72 and a one year high of $20.27. The company has a 50 day moving average price of $18.25 and a 200-day moving average price of $17.24.

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 Zacks’ consensus estimate of $0.17 by ($0.01). The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $982.05 million. Potash Corporation of Saskatchewan had a return on equity of 5.19% and a net margin of 11.07%. Potash Corporation of Saskatchewan’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.18 earnings per share. Equities analysts anticipate that Potash Corporation of Saskatchewan will post $0.63 earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently bought and sold shares of the stock. San Francisco Sentry Investment Group CA bought a new position in Potash Corporation of Saskatchewan during the second quarter valued at about $104,000. Financial Architects Inc grew its position in Potash Corporation of Saskatchewan by 11.7% during the second quarter. Financial Architects Inc now owns 6,700 shares of the fertilizer maker’s stock valued at $109,000 after buying an additional 700 shares during the period. Cornerstone Advisors Inc. grew its position in Potash Corporation of Saskatchewan by 1.8% during the second quarter. Cornerstone Advisors Inc. now owns 6,749 shares of the fertilizer maker’s stock valued at $110,000 after buying an additional 122 shares during the period. Lowe Wealth Advisors LLC grew its position in Potash Corporation of Saskatchewan by 12.7% during the second quarter. Lowe Wealth Advisors LLC now owns 7,520 shares of the fertilizer maker’s stock valued at $123,000 after buying an additional 845 shares during the period. Finally, Bessemer Group Inc. grew its position in Potash Corporation of Saskatchewan by 126.8% during the second quarter. Bessemer Group Inc. now owns 9,892 shares of the fertilizer maker’s stock valued at $162,000 after buying an additional 5,530 shares during the period. Institutional investors own 56.98% 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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