Potash Corporation of Saskatchewan’s (POT) “Market Perform” Rating Reiterated at BMO Capital Markets

BMO Capital Markets reiterated their market perform rating on shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) in a report issued on Friday, October 6th. They currently have a $17.50 price objective on the fertilizer maker’s stock, up from their previous price objective of $17.00.

A number of other analysts have also recently weighed in on POT. Scotiabank raised Potash Corporation of Saskatchewan from a sector perform rating to an outperform rating and set a $20.00 price objective for the company in a research report on Monday, July 10th. Royal Bank Of Canada restated a buy rating and issued a $19.00 target price on shares of Potash Corporation of Saskatchewan in a research note on Tuesday, June 20th. Zacks Investment Research lowered Potash Corporation of Saskatchewan from a buy rating to a hold rating in a research note on Tuesday, July 11th. Stifel Nicolaus restated a buy rating and issued a $19.00 price target (down previously from $20.00) on shares of Potash Corporation of Saskatchewan in a research note on Monday, July 10th. Finally, Cowen and Company set a $16.00 price target on Potash Corporation of Saskatchewan and gave the company a hold rating in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Hold and an average price target of $19.16.

Potash Corporation of Saskatchewan (POT) opened at 19.24 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 cap of $16.16 billion, a P/E ratio of 33.87 and a beta of 0.48. The firm’s 50-day moving average price is $18.73 and its 200 day moving average price is $17.37.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last released its quarterly earnings data on Thursday, July 27th. The fertilizer maker reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). The firm had revenue of $1.12 billion for 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 for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 earnings per share. Equities analysts forecast that Potash Corporation of Saskatchewan will post $0.63 earnings per share for the current fiscal year.

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The company also recently declared 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 annualized dividend and a yield of 2.08%. Potash Corporation of Saskatchewan’s dividend payout ratio is currently 67.80%.

A number of institutional investors have recently modified their holdings of the business. Perigon Wealth Management LLC increased its stake in shares of Potash Corporation of Saskatchewan by 35.2% during the 2nd quarter. Perigon Wealth Management LLC now owns 25,177 shares of the fertilizer maker’s stock worth $413,000 after purchasing an additional 6,553 shares in the last quarter. Hikari Tsushin Inc. acquired a new position in shares of Potash Corporation of Saskatchewan in the 2nd quarter valued at $440,000. Cetera Investment Advisers purchased a new position in shares of Potash Corporation of Saskatchewan in the 2nd quarter valued at $174,000. Advisory Services Network LLC raised its stake in shares of Potash Corporation of Saskatchewan by 5.9% in the 2nd quarter. Advisory Services Network LLC now owns 37,766 shares of the fertilizer maker’s stock valued at $616,000 after acquiring an additional 2,096 shares during the period. Finally, Banco BTG Pactual S.A. purchased a new position in shares of Potash Corporation of Saskatchewan in the 2nd quarter valued at $489,000. 56.96% of the stock is owned by institutional investors.

Potash Corporation of Saskatchewan Company Profile

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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