Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) has earned a consensus recommendation of “Hold” from the sixteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $19.44.

A number of research analysts have commented on the stock. TD Securities upgraded shares of Potash Corporation of Saskatchewan from a “hold” rating to a “buy” rating and lifted their price objective for the company from $17.50 to $24.00 in a research note on Thursday, September 28th. Stifel Nicolaus restated a “buy” rating and issued a $20.50 price objective on shares of Potash Corporation of Saskatchewan in a research note on Thursday, September 14th. Royal Bank Of Canada restated a “buy” rating and issued a $19.00 price objective on shares of Potash Corporation of Saskatchewan in a research note on Friday, July 28th. HSBC Holdings plc assumed coverage on shares of Potash Corporation of Saskatchewan in a research note on Wednesday, October 11th. They issued a “buy” rating and a $24.25 price objective on the stock. Finally, Cowen and Company set a $16.00 price objective on shares of Potash Corporation of Saskatchewan and gave the company a “hold” rating in a research note on Thursday, July 27th.

Potash Corporation of Saskatchewan (POT) opened at 19.74 on Wednesday. The firm has a market capitalization of $16.58 billion, a P/E ratio of 34.75 and a beta of 0.48. Potash Corporation of Saskatchewan has a 52-week low of $15.74 and a 52-week high of $20.26. The company has a 50 day moving average price of $18.92 and a 200 day moving average price of $17.44.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last announced its quarterly earnings results on Thursday, July 27th. The fertilizer maker reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $982.05 million. During the same period last year, the firm earned $0.18 earnings per share. Potash Corporation of Saskatchewan’s revenue was up 6.4% on a year-over-year basis. On average, equities analysts forecast that Potash Corporation of Saskatchewan will post $0.63 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Friday, September 29th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.40 annualized dividend and a yield of 2.03%. Potash Corporation of Saskatchewan’s payout ratio is currently 67.80%.

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Several hedge funds and other institutional investors have recently made changes to their positions in the business. APG Asset Management N.V. lifted its holdings in shares of Potash Corporation of Saskatchewan by 1.5% in the third quarter. APG Asset Management N.V. now owns 1,281,272 shares of the fertilizer maker’s stock valued at $24,608,000 after purchasing an additional 18,700 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Potash Corporation of Saskatchewan in the third quarter valued at about $599,000. Shell Asset Management Co. lifted its holdings in shares of Potash Corporation of Saskatchewan by 167.2% in the third quarter. Shell Asset Management Co. now owns 225,089 shares of the fertilizer maker’s stock valued at $8,729,000 after purchasing an additional 140,834 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of Potash Corporation of Saskatchewan by 35.2% in the second quarter. Perigon Wealth Management LLC now owns 25,177 shares of the fertilizer maker’s stock valued at $413,000 after purchasing an additional 6,553 shares in the last quarter. Finally, Hikari Tsushin Inc. purchased a new stake in shares of Potash Corporation of Saskatchewan in the second quarter valued at about $440,000. 56.95% of the stock is currently owned by institutional investors.

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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