Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) had its price target increased by Royal Bank Of Canada from $19.00 to $20.00 in a report issued on Friday. The firm currently has an outperform rating on the fertilizer maker’s stock.

Several other equities analysts have also weighed in on the company. Stifel Nicolaus restated a buy rating and set a $20.50 target price on shares of Potash Corporation of Saskatchewan in a report on Thursday, September 14th. Cowen and Company restated a hold rating on shares of Potash Corporation of Saskatchewan in a report on Friday, September 1st. BMO Capital Markets restated a hold rating on shares of Potash Corporation of Saskatchewan in a report on Sunday, August 13th. Zacks Investment Research lowered Potash Corporation of Saskatchewan from a hold rating to a sell rating in a report on Tuesday, July 18th. Finally, Scotiabank upgraded Potash Corporation of Saskatchewan from a sector perform rating to an outperform rating and set a $20.00 target price on the stock in a report on Monday, July 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Potash Corporation of Saskatchewan presently has an average rating of Hold and an average target price of $18.25.

Shares of Potash Corporation of Saskatchewan (POT) opened at 19.19 on Friday. Potash Corporation of Saskatchewan has a 52 week low of $15.72 and a 52 week high of $20.27. The firm has a market capitalization of $16.12 billion, a price-to-earnings ratio of 33.79 and a beta of 0.48. The firm’s 50-day moving average price is $17.67 and its 200 day moving average price is $17.05.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last posted its earnings results on Thursday, July 27th. The fertilizer maker reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). Potash Corporation of Saskatchewan had a net margin of 11.07% and a return on equity of 5.19%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $982.05 million. During the same quarter last year, the business earned $0.18 earnings per share. Potash Corporation of Saskatchewan’s quarterly revenue was up 6.4% on a year-over-year basis. On average, analysts anticipate that Potash Corporation of Saskatchewan will post $0.63 EPS for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, September 29th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Thursday, September 28th. Potash Corporation of Saskatchewan’s dividend payout ratio (DPR) is presently 67.80%.

A number of hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its position in Potash Corporation of Saskatchewan by 0.6% during the second quarter. IFP Advisors Inc now owns 12,289 shares of the fertilizer maker’s stock worth $200,000 after buying an additional 76 shares in the last quarter. Cornerstone Advisors Inc. grew its position in Potash Corporation of Saskatchewan by 1.8% during the second quarter. Cornerstone Advisors Inc. now owns 6,749 shares of the fertilizer maker’s stock worth $110,000 after buying an additional 122 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in Potash Corporation of Saskatchewan by 1.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 12,504 shares of the fertilizer maker’s stock worth $216,000 after buying an additional 200 shares in the last quarter. Comerica Bank grew its position in Potash Corporation of Saskatchewan by 1.1% during the first quarter. Comerica Bank now owns 51,656 shares of the fertilizer maker’s stock worth $879,000 after buying an additional 567 shares in the last quarter. Finally, Roberts Glore & Co. Inc. IL grew its position in Potash Corporation of Saskatchewan by 1.4% during the second quarter. Roberts Glore & Co. Inc. IL now owns 42,475 shares of the fertilizer maker’s stock worth $692,000 after buying an additional 600 shares in the last quarter. 56.97% of the stock is currently owned by institutional investors and hedge funds.

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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