Potash Corporation of Saskatchewan’s (POT) “Buy” Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada restated their buy rating on shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) in a research note published on Wednesday morning. The firm currently has a $20.00 target price on the fertilizer maker’s stock.

Several other research analysts have also commented on the company. Scotiabank upgraded Potash Corporation of Saskatchewan from a sector perform rating to an outperform rating and set a $20.00 price target for the company in a research report on Monday, July 10th. TD Securities upgraded Potash Corporation of Saskatchewan from a hold rating to a buy rating and lifted their price target for the stock from $17.50 to $24.00 in a research report on Thursday, September 28th. Zacks Investment Research lowered Potash Corporation of Saskatchewan from a buy rating to a hold rating in a research report on Tuesday, July 11th. Cowen and Company set a $16.00 price target on Potash Corporation of Saskatchewan and gave the stock a hold rating in a research report on Thursday, July 27th. Finally, Stifel Nicolaus reiterated a buy rating and issued a $20.50 price target on shares of Potash Corporation of Saskatchewan in a research report on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $19.16.

Potash Corporation of Saskatchewan (NYSE:POT) traded up 0.10% during trading on Wednesday, hitting $19.27. The stock had a trading volume of 1,826,879 shares. The company has a 50-day moving average of $18.85 and a 200 day moving average of $17.40. Potash Corporation of Saskatchewan has a 52-week low of $15.74 and a 52-week high of $20.27. The firm has a market cap of $16.19 billion, a P/E ratio of 33.93 and a beta of 0.48.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last released its quarterly 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 company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $982.05 million. Potash Corporation of Saskatchewan had a return on equity of 5.19% and a net margin of 11.07%. The company’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.18 EPS. On average, equities research analysts predict that Potash Corporation of Saskatchewan will post $0.63 earnings per share for the current fiscal year.

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

Several institutional investors have recently bought and sold shares of POT. San Francisco Sentry Investment Group CA bought a new stake in shares of Potash Corporation of Saskatchewan during the second quarter valued at approximately $104,000. Financial Architects Inc raised its stake in shares of Potash Corporation of Saskatchewan by 11.7% during the second 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. Cornerstone Advisors Inc. raised its stake in shares of 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 valued at $110,000 after acquiring an additional 122 shares in the last quarter. Lowe Wealth Advisors LLC raised its stake in shares of Potash Corporation of Saskatchewan by 12.7% during the second quarter. Lowe Wealth Advisors LLC now owns 7,520 shares of the fertilizer maker’s stock valued at $123,000 after acquiring an additional 845 shares in the last

Several other research analysts have also commented on the company. Scotiabank upgraded Potash Corporation of Saskatchewan from a sector perform rating to an outperform rating and set a $20.00 price target for the company in a research report on Monday, July 10th. TD Securities upgraded Potash Corporation of Saskatchewan from a hold rating to a buy rating and lifted their price target for the stock from $17.50 to $24.00 in a research report on Thursday, September 28th. Zacks Investment Research lowered Potash Corporation of Saskatchewan from a buy rating to a hold rating in a research report on Tuesday, July 11th. Cowen and Company set a $16.00 price target on Potash Corporation of Saskatchewan and gave the stock a hold rating in a research report on Thursday, July 27th. Finally, Stifel Nicolaus reiterated a buy rating and issued a $20.50 price target on shares of Potash Corporation of Saskatchewan in a research report on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $19.16.

Potash Corporation of Saskatchewan (NYSE:POT) traded up 0.10% during trading on Wednesday, hitting $19.27. The stock had a trading volume of 1,826,879 shares. The company has a 50-day moving average of $18.85 and a 200 day moving average of $17.40. Potash Corporation of Saskatchewan has a 52-week low of $15.74 and a 52-week high of $20.27. The firm has a market cap of $16.19 billion, a P/E ratio of 33.93 and a beta of 0.48.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last released its quarterly 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 company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $982.05 million. Potash Corporation of Saskatchewan had a return on equity of 5.19% and a net margin of 11.07%. The company’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.18 EPS. On average, equities research analysts predict that Potash Corporation of Saskatchewan will post $0.63 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This article was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/21/potash-corporation-of-saskatchewans-pot-buy-rating-reiterated-at-royal-bank-of-canada.html.

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

Several institutional investors have recently bought and sold shares of POT. San Francisco Sentry Investment Group CA bought a new stake in shares of Potash Corporation of Saskatchewan during the second quarter valued at approximately $104,000. Financial Architects Inc raised its stake in shares of Potash Corporation of Saskatchewan by 11.7% during the second 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. Cornerstone Advisors Inc. raised its stake in shares of 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 valued at $110,000 after acquiring an additional 122 shares in the last quarter. Lowe Wealth Advisors LLC raised its stake in shares of Potash Corporation of Saskatchewan by 12.7% during the second quarter. Lowe Wealth Advisors LLC now owns 7,520 shares of the fertilizer maker’s stock valued at $123,000 after acquiring an additional 845 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of Potash Corporation of Saskatchewan by 126.8% during the second quarter. Bessemer Group Inc. now owns 9,892 shares of the fertilizer maker’s stock valued at $162,000 after acquiring an additional 5,530 shares in the last quarter. 56.96% 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)

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