Today, Vetr Inc. lowers the Stock rating of Potash Corp. of Saskatchewan (POT)

Today, Vetr Inc. lowers the Stock rating of Potash Corp. of Saskatchewan (POT)
Potash Corp. of Saskatchewan (NYSE:POT) (TSE:POT) was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued on Thursday. They currently have a $18.50 price objective on the fertilizer maker’s stock. Vetr‘s price objective suggests a potential upside of 5.17% from the company’s current price.

Other equities analysts have also issued reports about the stock. Sanford C. Bernstein set a $19.00 price target on shares of Potash Corp. of Saskatchewan and gave the company a “buy” rating in a research note on Wednesday. BMO Capital Markets reissued a “market perform” rating on shares of Potash Corp. of Saskatchewan in a report on Monday, August 1st. Susquehanna reissued a “neutral” rating and issued a $16.00 price objective (up from $14.00) on shares of Potash Corp. of Saskatchewan in a report on Wednesday, August 17th. Stifel Nicolaus raised Potash Corp. of Saskatchewan from a “hold” rating to a “buy” rating and increased their price objective for the company from $16.16 to $20.00 in a report on Wednesday, September 14th. Finally, Credit Suisse Group AG reissued a “sell” rating and issued a $11.00 price objective on shares of Potash Corp. of Saskatchewan in a report on Friday, July 29th. Six equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $16.99.

Shares of Potash Corp. of Saskatchewan (NYSE:POT) traded down 1.68% during midday trading on Thursday, reaching $17.59. 5,748,181 shares of the company traded hands. The stock has a market capitalization of $14.77 billion, a P/E ratio of 30.86 and a beta of 0.61. The stock’s 50-day moving average is $16.69 and its 200-day moving average is $16.58. Potash Corp. of Saskatchewan has a 1-year low of $14.64 and a 1-year high of $20.43.

Potash Corp. of Saskatchewan (NYSE:POT) last announced its quarterly earnings results on Thursday, October 27th. The fertilizer maker reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.01. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.04 billion. Potash Corp. of Saskatchewan had a net margin of 10.06% and a return on equity of 6.94%. The firm’s revenue was down 25.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.34 earnings per share. Equities analysts predict that Potash Corp. of Saskatchewan will post $0.50 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 2nd. Shareholders of record on Thursday, January 12th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.27%. The ex-dividend date is Tuesday, January 10th. Potash Corp. of Saskatchewan’s dividend payout ratio (DPR) is 70.18%.

Hedge funds have recently bought and sold shares of the stock. HBK Investments L P acquired a new stake in Potash Corp. of Saskatchewan during the first quarter valued at approximately $230,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in Potash Corp. of Saskatchewan by 18.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 55,007 shares of the fertilizer maker’s stock valued at $936,000 after buying an additional 8,545 shares during the period. First Republic Investment Management Inc. boosted its stake in Potash Corp. of Saskatchewan by 11.0% in the first quarter. First Republic Investment Management Inc. now owns 91,374 shares of the fertilizer maker’s stock valued at $1,555,000 after buying an additional 9,026 shares during the period. Sterneck Capital Management LLC boosted its stake in Potash Corp. of Saskatchewan by 54.3% in the first quarter. Sterneck Capital Management LLC now owns 26,294 shares of the fertilizer maker’s stock valued at $229,000 after buying an additional 9,250 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in Potash Corp. of Saskatchewan by 86.3% in the second quarter. BNP Paribas Arbitrage SA now owns 126,273 shares of the fertilizer maker’s stock valued at $2,051,000 after buying an additional 58,499 shares during the period. Institutional investors own 59.66% of the company’s stock.

About Potash Corp. of Saskatchewan

Potash Corporation of Saskatchewan Inc is a fertilizer producer producing various primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. It owns and operates approximately five potash operations in Saskatchewan and one in New Brunswick.

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