Shares of Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT) have been given an average rating of “Hold” by the twenty-three brokerages that are currently covering the firm. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $17.89.

A number of brokerages have recently issued reports on POT. Vertical Research raised shares of Potash Co. of Saskatchewan from a “hold” rating to a “buy” rating in a research report on Friday, May 19th. Royal Bank of Canada reissued a “buy” rating and set a $19.00 price objective on shares of Potash Co. of Saskatchewan in a research report on Wednesday, May 17th. Raymond James Financial, Inc. boosted their price objective on shares of Potash Co. of Saskatchewan from $17.00 to $19.00 and gave the company a “market perform” rating in a research report on Monday, May 1st. Scotiabank restated a “sector perform” rating and set a $20.00 target price on shares of Potash Co. of Saskatchewan in a research note on Friday, April 28th. Finally, TD Securities restated a “hold” rating and set a $17.50 target price on shares of Potash Co. of Saskatchewan in a research note on Friday, April 28th.

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Shares of Potash Co. of Saskatchewan (NYSE:POT) opened at 16.50 on Friday. Potash Co. of Saskatchewan has a 12 month low of $15.21 and a 12 month high of $20.26. The stock has a market cap of $13.86 billion, a P/E ratio of 35.11 and a beta of 0.58. The company has a 50 day moving average price of $16.52 and a 200-day moving average price of $17.67.

Potash Co. of Saskatchewan (NYSE:POT) last issued its quarterly earnings data on Thursday, April 27th. The fertilizer maker reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.08. Potash Co. of Saskatchewan had a net margin of 7.54% and a return on equity of 5.23%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $999.41 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. On average, equities research analysts predict that Potash Co. of Saskatchewan will post $0.63 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Friday, June 30th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $0.40 dividend on an annualized basis and a yield of 2.42%. Potash Co. of Saskatchewan’s payout ratio is 100.00%.

Large investors have recently modified their holdings of the stock. First Personal Financial Services boosted its stake in shares of Potash Co. of Saskatchewan by 62.3% in the third quarter. First Personal Financial Services now owns 67,372 shares of the fertilizer maker’s stock worth $1,100,000 after buying an additional 25,858 shares during the last quarter. Pacific Alternative Asset Management Company LLC boosted its stake in shares of Potash Co. of Saskatchewan by 575.4% in the third quarter. Pacific Alternative Asset Management Company LLC now owns 175,600 shares of the fertilizer maker’s stock worth $2,866,000 after buying an additional 149,600 shares during the last quarter. Terril Brothers Inc. acquired a new stake in shares of Potash Co. of Saskatchewan during the fourth quarter worth approximately $7,516,000. Comerica Bank boosted its stake in shares of Potash Co. of Saskatchewan by 17.3% in the fourth quarter. Comerica Bank now owns 51,089 shares of the fertilizer maker’s stock worth $966,000 after buying an additional 7,525 shares during the last quarter. Finally, GLG Partners LP acquired a new stake in shares of Potash Co. of Saskatchewan during the fourth quarter worth approximately $3,377,000. 59.18% of the stock is currently owned by hedge funds and other institutional investors.

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.

12 Month Chart for NYSE:POT

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