Potash Corporation of Saskatchewan Inc. (POT) Price Target Increased to $22.00 by Analysts at UBS AG

Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) had its price target raised by UBS AG from $21.00 to $22.00 in a report published on Friday, www.benzinga.com reports. They currently have a buy rating on the fertilizer maker’s stock.

Several other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Potash Corporation of Saskatchewan from a hold rating to a strong sell rating in a report on Monday, October 23rd. Royal Bank Of Canada reaffirmed a buy rating and set a $20.00 price objective on shares of Potash Corporation of Saskatchewan in a report on Wednesday, October 18th. HSBC Holdings plc began coverage on shares of Potash Corporation of Saskatchewan in a report on Wednesday, October 11th. They set a buy rating and a $24.25 price objective on the stock. BMO Capital Markets reaffirmed a market perform rating and set a $17.50 price objective (up from $17.00) on shares of Potash Corporation of Saskatchewan in a report on Friday, October 6th. Finally, TD Securities raised shares of Potash Corporation of Saskatchewan from a hold rating to a buy rating and increased their price objective for the company from $17.50 to $24.00 in a report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $19.35.

Shares of Potash Corporation of Saskatchewan (NYSE POT) opened at 19.31 on Friday. Potash Corporation of Saskatchewan has a one year low of $15.74 and a one year high of $20.26. The company has a market capitalization of $16.22 billion, a P/E ratio of 34.00 and a beta of 0.48. The firm has a 50-day moving average of $19.12 and a 200-day moving average of $17.52.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last posted its quarterly earnings data on Thursday, October 26th. The fertilizer maker reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Potash Corporation of Saskatchewan had a net margin of 10.21% and a return on equity of 5.04%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 earnings per share. Analysts forecast that Potash Corporation of Saskatchewan will post $0.63 earnings per share for the current 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 paid a $0.10 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.40 dividend on an annualized basis and a yield of 2.07%. Potash Corporation of Saskatchewan’s dividend payout ratio is currently 72.73%.

A number of institutional investors have recently modified their holdings of the stock. Tocqueville Asset Management L.P. lifted its stake in Potash Corporation of Saskatchewan by 5.8% in the third quarter. Tocqueville Asset Management L.P. now owns 3,042,656 shares of the fertilizer maker’s stock worth $58,541,000 after acquiring an additional 166,150 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Potash Corporation of Saskatchewan by 161.4% in the third quarter. Canada Pension Plan Investment Board now owns 74,459 shares of the fertilizer maker’s stock worth $1,430,000 after acquiring an additional 45,976 shares during the last quarter. E&G Advisors LP purchased a new position in Potash Corporation of Saskatchewan in the third quarter worth approximately $192,000. Horseman Capital Management Ltd lifted its stake in Potash Corporation of Saskatchewan by 12.1% in the third quarter. Horseman Capital Management Ltd now owns 1,352,200 shares of the fertilizer maker’s stock worth $26,016,000 after acquiring an additional 146,000 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in Potash Corporation of Saskatchewan in the third quarter worth approximately $1,130,000. 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.

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