Potash Co. of Saskatchewan (POT) Receives Average Recommendation of “Buy” from Brokerages

Shares of Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT) have been assigned a consensus recommendation of “Buy” from the fourteen brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $20.84.

Several equities analysts have weighed in on POT shares. started coverage on Potash Co. of Saskatchewan in a report on Wednesday, October 11th. They set a “buy” rating and a $24.25 target price on the stock. BMO Capital Markets restated a “market perform” rating and set a $17.50 target price (up from $17.00) on shares of Potash Co. of Saskatchewan in a report on Friday, October 6th. Royal Bank of Canada restated a “buy” rating and set a $20.00 target price on shares of Potash Co. of Saskatchewan in a report on Wednesday, October 18th. Zacks Investment Research lowered Potash Co. of Saskatchewan from a “hold” rating to a “strong sell” rating in a report on Monday, October 23rd. Finally, Stephens started coverage on Potash Co. of Saskatchewan in a report on Monday, December 4th. They set an “overweight” rating and a $23.00 target price on the stock.

Potash Co. of Saskatchewan (POT) opened at $20.65 on Friday. Potash Co. of Saskatchewan has a 1-year low of $15.74 and a 1-year high of $21.04. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $17,350.00, a PE ratio of 38.96, a price-to-earnings-growth ratio of 5.10 and a beta of 0.46.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Friday, December 29th were paid a $0.10 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.94%. Potash Co. of Saskatchewan’s payout ratio is presently 75.47%.

Institutional investors have recently bought and sold shares of the company. Cerebellum GP LLC bought a new position in shares of Potash Co. of Saskatchewan in the fourth quarter worth about $130,000. San Francisco Sentry Investment Group CA bought a new position in shares of Potash Co. of Saskatchewan in the second quarter worth about $104,000. Price Wealth Management Inc. bought a new position in shares of Potash Co. of Saskatchewan in the fourth quarter worth about $143,000. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Potash Co. of Saskatchewan by 5,642.7% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 7,523 shares of the fertilizer maker’s stock worth $143,000 after purchasing an additional 7,392 shares during the period. Finally, Valeo Financial Advisors LLC bought a new position in shares of Potash Co. of Saskatchewan in the third quarter worth about $150,000. Institutional investors and hedge funds own 59.60% of the company’s stock.

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About Potash Co. 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 Co. of Saskatchewan (NYSE:POT)

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