Potash Corp. of Saskatchewan (NYSE:POT) (TSE:POT) received a $19.00 price objective from Sanford C. Bernstein in a research note issued on Wednesday. The firm currently has a “buy” rating on the fertilizer maker’s stock. Sanford C. Bernstein’s target price would indicate a potential upside of 8.02% from the company’s current price.

A number of other equities analysts have also recently issued reports on the stock. HSBC set a $15.75 price objective on shares of Potash Corp. of Saskatchewan and gave the stock a “neutral” rating in a research report on Tuesday. Atlantic Securities upgraded shares of Potash Corp. of Saskatchewan from an “underweight” rating to a “neutral” rating and set a $16.00 price objective for the company in a research report on Monday, October 31st. Goldman Sachs Group Inc. set a $15.00 price objective on shares of Potash Corp. of Saskatchewan and gave the stock a “neutral” rating in a research report on Monday, October 31st. Zacks Investment Research cut shares of Potash Corp. of Saskatchewan from a “hold” rating to a “sell” rating in a research report on Tuesday, October 18th. Finally, RBC Capital Markets upgraded shares of Potash Corp. of Saskatchewan from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $15.00 to $19.00 in a research report on Friday, October 7th. Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. Potash Corp. of Saskatchewan has a consensus rating of “Hold” and an average price target of $16.99.

Analyst Recommendations for Potash Corp. of Saskatchewan (NYSE:POT)

Shares of Potash Corp. of Saskatchewan (NYSE:POT) opened at 17.59 on Wednesday. The firm has a market capitalization of $14.77 billion, a price-to-earnings ratio of 30.86 and a beta of 0.61. The company’s 50 day moving average is $16.69 and its 200-day moving average is $16.58. Potash Corp. of Saskatchewan has a one year low of $14.64 and a one year high of $20.43.

Potash Corp. of Saskatchewan (NYSE:POT) last released its quarterly earnings data on Thursday, October 27th. The fertilizer maker reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.01. The business earned $1.14 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Potash Corp. of Saskatchewan had a net margin of 10.06% and a return on equity of 6.94%. The firm’s quarterly revenue was down 25.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 EPS. Equities analysts expect that Potash Corp. of Saskatchewan will post $0.50 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 2nd. Investors of record on Thursday, January 12th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Tuesday, January 10th. Potash Corp. of Saskatchewan’s dividend payout ratio is presently 70.18%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Sigma Planning Corp raised its position in shares of Potash Corp. of Saskatchewan by 0.3% in the second quarter. Sigma Planning Corp now owns 10,589 shares of the fertilizer maker’s stock valued at $172,000 after buying an additional 29 shares in the last quarter. Callahan Advisors LLC raised its position in shares of Potash Corp. of Saskatchewan by 1.0% in the second quarter. Callahan Advisors LLC now owns 10,200 shares of the fertilizer maker’s stock valued at $166,000 after buying an additional 100 shares in the last quarter. Bartlett & Co. LLC raised its position in shares of Potash Corp. of Saskatchewan by 0.4% in the second quarter. Bartlett & Co. LLC now owns 35,568 shares of the fertilizer maker’s stock valued at $578,000 after buying an additional 125 shares in the last quarter. Community Bank N.A. raised its position in shares of Potash Corp. of Saskatchewan by 0.4% in the second quarter. Community Bank N.A. now owns 35,243 shares of the fertilizer maker’s stock valued at $572,000 after buying an additional 150 shares in the last quarter. Finally, Bollard Group LLC raised its position in shares of Potash Corp. of Saskatchewan by 1.2% in the second quarter. Bollard Group LLC now owns 15,521 shares of the fertilizer maker’s stock valued at $252,000 after buying an additional 187 shares in the last quarter. 59.66% of the stock is currently owned by institutional investors and hedge funds.

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Potash Corp. of Saskatchewan Company Profile

Potash Corporation of Saskatchewan Inc is a fertilizer producer producing various primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. It owns and operates approximately five potash operations in Saskatchewan and one in New Brunswick.

5 Day Chart for NYSE:POT

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