Cowen and Company reissued their hold rating on shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) in a report released on Friday morning.

Other analysts also recently issued research reports about the stock. Royal Bank Of Canada reissued a buy rating and set a $19.00 target price on shares of Potash Corporation of Saskatchewan in a research report on Tuesday, June 20th. Vertical Research raised shares of Potash Corporation of Saskatchewan from a hold rating to a buy rating in a research report on Friday, May 19th. Stifel Nicolaus reissued a buy rating and set a $19.00 target price (down previously from $20.00) on shares of Potash Corporation of Saskatchewan in a research report on Monday, July 10th. BMO Capital Markets reissued a hold rating on shares of Potash Corporation of Saskatchewan in a research report on Sunday, August 13th. Finally, Zacks Investment Research downgraded shares of Potash Corporation of Saskatchewan from a buy rating to a hold rating in a research report on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Hold and an average price target of $18.18.

Shares of Potash Corporation of Saskatchewan (NYSE:POT) traded up 0.46% on Friday, reaching $17.47. 3,762,229 shares of the company were exchanged. The company’s 50-day moving average price is $17.59 and its 200 day moving average price is $17.07. Potash Corporation of Saskatchewan has a 12 month low of $15.72 and a 12 month high of $20.27. The company has a market cap of $14.68 billion, a price-to-earnings ratio of 30.76 and a beta of 0.48.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last released its 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. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $982.05 million. Potash Corporation of Saskatchewan had a net margin of 11.07% and a return on equity of 5.19%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 EPS. On average, equities research analysts expect that Potash Corporation of Saskatchewan will post $0.62 EPS for the current year.

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Several institutional investors have recently modified their holdings of the company. First Eagle Investment Management LLC boosted its position in shares of Potash Corporation of Saskatchewan by 33.3% in the second quarter. First Eagle Investment Management LLC now owns 54,356,354 shares of the fertilizer maker’s stock worth $886,009,000 after buying an additional 13,588,283 shares in the last quarter. FMR LLC boosted its position in shares of Potash Corporation of Saskatchewan by 5.0% in the first quarter. FMR LLC now owns 26,859,993 shares of the fertilizer maker’s stock worth $458,893,000 after buying an additional 1,278,861 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Potash Corporation of Saskatchewan by 4.3% in the second quarter. Vanguard Group Inc. now owns 19,579,208 shares of the fertilizer maker’s stock worth $319,141,000 after buying an additional 804,672 shares in the last quarter. Jarislowsky Fraser Ltd boosted its position in shares of Potash Corporation of Saskatchewan by 1.4% in the second quarter. Jarislowsky Fraser Ltd now owns 18,945,804 shares of the fertilizer maker’s stock worth $308,542,000 after buying an additional 254,401 shares in the last quarter. Finally, Carmignac Gestion boosted its position in shares of Potash Corporation of Saskatchewan by 0.4% in the second quarter. Carmignac Gestion now owns 12,299,830 shares of the fertilizer maker’s stock worth $200,487,000 after buying an additional 43,900 shares in the last quarter. Institutional investors own 56.97% of the company’s stock.

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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