TD Securities upgraded shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) from a hold rating to a buy rating in a report published on Thursday morning, MarketBeat reports. TD Securities currently has $24.00 price target on the fertilizer maker’s stock, up from their prior price target of $17.50.

Several other analysts have also commented on POT. Stifel Nicolaus reaffirmed a buy rating and issued a $20.50 price objective on shares of Potash Corporation of Saskatchewan in a research report on Friday, August 11th. BMO Capital Markets reiterated a hold rating on shares of Potash Corporation of Saskatchewan in a research note 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. Royal Bank Of Canada reissued a buy rating and set a $19.00 price objective on shares of Potash Corporation of Saskatchewan in a report on Tuesday, June 20th. Finally, Cowen and Company reaffirmed a hold rating on shares of Potash Corporation of Saskatchewan in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $18.52.

Shares of Potash Corporation of Saskatchewan (NYSE:POT) opened at 19.24 on Thursday. The firm has a market capitalization of $16.16 billion, a P/E ratio of 33.87 and a beta of 0.48. Potash Corporation of Saskatchewan has a 12-month low of $15.72 and a 12-month high of $20.27. The stock has a 50 day moving average of $17.71 and a 200-day moving average of $17.06.

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

ILLEGAL ACTIVITY WARNING: This article was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another site, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/10/02/td-securities-upgrades-potash-corporation-of-saskatchewan-inc-pot-to-buy.html.

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

Large investors have recently bought and sold shares of the company. IFP Advisors Inc increased its position in shares of 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 valued at $200,000 after buying an additional 76 shares during the period. Cornerstone Advisors Inc. boosted its position in Potash Corporation of Saskatchewan by 1.8% during the 2nd quarter. Cornerstone Advisors Inc. now owns 6,749 shares of the fertilizer maker’s stock valued at $110,000 after acquiring an additional 122 shares in the last quarter. Comerica Bank boosted its position in Potash Corporation of Saskatchewan by 1.1% during the 1st quarter. Comerica Bank now owns 51,656 shares of the fertilizer maker’s stock valued at $879,000 after acquiring an additional 567 shares in the last quarter. Roberts Glore & Co. Inc. IL boosted its position in Potash Corporation of Saskatchewan by 1.4% during the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 42,475 shares of the fertilizer maker’s stock valued at $692,000 after acquiring an additional 600 shares in the last quarter. Finally, Financial Architects Inc boosted its position in Potash Corporation of Saskatchewan by 11.7% during the 2nd quarter. Financial Architects Inc now owns 6,700 shares of the fertilizer maker’s stock valued at $109,000 after acquiring an additional 700 shares in the last quarter. 56.98% of the stock is owned by hedge funds and other institutional investors.

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)

Receive News & Stock Ratings for Potash Corporation of Saskatchewan Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Potash Corporation of Saskatchewan Inc. and related stocks with our FREE daily email newsletter.