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

According to Zacks, “Potash Corp. has underperformed the industry it belongs to over the past three months. The company remains exposed to a weak pricing environment. Potash pricing remains under pressure due to elevated global inventories. The company also faces challenging agriculture market fundamentals and weakness across specific consumer markets. The company’s stretched valuation is another concern.”

Other analysts have also issued research reports about the company. HSBC Holdings plc initiated coverage on Potash Corporation of Saskatchewan in a report on Wednesday, October 11th. They issued a “buy” rating and a $24.25 target price for the company. TD Securities raised Potash Corporation of Saskatchewan from a “hold” rating to a “buy” rating and lifted their target price for the stock from $17.50 to $24.00 in a report on Thursday, September 28th. Stifel Nicolaus reissued a “buy” rating and issued a $20.50 target price on shares of Potash Corporation of Saskatchewan in a report on Thursday, September 14th. 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 Friday, July 28th. Finally, Cowen and Company set a $16.00 target price on Potash Corporation of Saskatchewan and gave the stock a “hold” rating in a report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Potash Corporation of Saskatchewan presently has an average rating of “Hold” and a consensus target price of $19.16.

Potash Corporation of Saskatchewan (NYSE:POT) traded up 0.42% during midday trading on Monday, hitting $19.35. The stock had a trading volume of 945,223 shares. Potash Corporation of Saskatchewan has a 12 month low of $15.74 and a 12 month high of $20.26. The company has a market cap of $16.26 billion, a P/E ratio of 34.07 and a beta of 0.48. The firm’s 50-day moving average price is $18.85 and its 200 day moving average price is $17.40.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last announced 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 analysts’ expectations of $982.05 million. Potash Corporation of Saskatchewan had a net margin of 11.07% and a return on equity of 5.19%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.18 EPS. On average, analysts expect that Potash Corporation of Saskatchewan will post $0.63 earnings per share for the current fiscal year.

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Several institutional investors have recently made changes to their positions in the company. IFP Advisors Inc lifted its position in shares of Potash Corporation of Saskatchewan by 0.6% in the second quarter. IFP Advisors Inc now owns 12,289 shares of the fertilizer maker’s stock valued at $200,000 after acquiring an additional 76 shares in the last quarter. Cornerstone Advisors Inc. lifted its position in shares of Potash Corporation of Saskatchewan by 1.8% in the second quarter. Cornerstone Advisors Inc. now owns 6,749 shares of the fertilizer maker’s stock valued at $110,000 after acquiring an additional 122 shares in the last quarter. Roberts Glore & Co. Inc. IL lifted its position in shares of Potash Corporation of Saskatchewan by 1.4% in the second quarter. Roberts Glore & Co. Inc. IL now owns 42,475 shares of the fertilizer maker’s stock valued at $692,000 after acquiring an additional 600 shares in the last quarter. Financial Architects Inc lifted its position in shares of Potash Corporation of Saskatchewan by 11.7% in the second quarter. Financial Architects Inc now owns 6,700 shares of the fertilizer maker’s stock valued at $109,000 after acquiring an additional 700 shares in the last quarter. Finally, Lowe Wealth Advisors LLC lifted its position in shares of Potash Corporation of Saskatchewan by 12.7% in the second quarter. Lowe Wealth Advisors LLC now owns 7,520 shares of the fertilizer maker’s stock valued at $123,000 after acquiring an additional 845 shares in the last quarter. Institutional investors and hedge funds own 56.96% 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.

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

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