Potash Corp. of Saskatchewan (NYSE:POT) (TSE:POT) was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday. They presently have a $18.50 price target on the fertilizer maker’s stock. Vetr‘s price target would indicate a potential upside of 4.70% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Sanford C. Bernstein set a $19.00 price objective on Potash Corp. of Saskatchewan and gave the stock a “buy” rating in a report on Tuesday, August 30th. Edward Jones raised Potash Corp. of Saskatchewan from a “hold” rating to a “buy” rating in a research report on Friday, August 19th. Stifel Nicolaus raised Potash Corp. of Saskatchewan from a “hold” rating to a “buy” rating and upped their target price for the stock from $16.16 to $20.00 in a research report on Wednesday, September 14th. Howard Weil cut Potash Corp. of Saskatchewan to a “hold” rating in a research report on Tuesday, September 13th. Finally, RBC Capital Markets reaffirmed a “hold” rating on shares of Potash Corp. of Saskatchewan in a research report on Wednesday, August 31st. Six analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $16.99.

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

Shares of Potash Corp. of Saskatchewan (NYSE:POT) opened at 17.67 on Thursday. Potash Corp. of Saskatchewan has a 52 week low of $14.64 and a 52 week high of $20.43. The company has a 50 day moving average of $16.75 and a 200-day moving average of $16.59. The company has a market cap of $14.84 billion, a price-to-earnings ratio of 31.00 and a beta of 0.61.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 2nd. Investors of record on Thursday, January 12th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Tuesday, January 10th. Potash Corp. of Saskatchewan’s dividend payout ratio is 70.18%.

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A number of institutional investors have recently bought and sold shares of POT. Beech Hill Advisors Inc. purchased a new position in Potash Corp. of Saskatchewan during the second quarter valued at about $186,000. Community Bank N.A. boosted its position in 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. Capital Analysts LLC boosted its position in Potash Corp. of Saskatchewan by 837.6% in the second quarter. Capital Analysts LLC now owns 32,956 shares of the fertilizer maker’s stock valued at $1,424,000 after buying an additional 29,441 shares in the last quarter. Creative Planning boosted its position in Potash Corp. of Saskatchewan by 1.2% in the second quarter. Creative Planning now owns 45,822 shares of the fertilizer maker’s stock valued at $744,000 after buying an additional 551 shares in the last quarter. Finally, Community Trust & Investment Co. boosted its position in Potash Corp. of Saskatchewan by 0.6% in the second quarter. Community Trust & Investment Co. now owns 496,680 shares of the fertilizer maker’s stock valued at $8,066,000 after buying an additional 3,055 shares in the last quarter. Institutional investors and hedge funds own 59.66% of the company’s stock.

About Potash Corp. of Saskatchewan

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.

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