Research analysts at TheStreet started coverage on shares of Potash Corp (NYSE:POT) in a report released on Thursday, Stock Ratings Network.com reports. The firm set a “buy” rating on the stock.
The analysts wrote, “Potash Corporation of Saskatchewan (POT) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow.”
POT has been the subject of a number of other recent research reports. Analysts at BGC Financial upgraded shares of Potash Corp from a “hold” rating to a “buy” rating in a research note to investors on Friday, August 9th. They now have a $37.00 price target on the stock. Separately, analysts at Susquehanna cut their price target on shares of Potash Corp from C$37.00 to C$27.00 in a research note to investors on Tuesday, August 6th. They now have a “neutral” rating on the stock. Finally, analysts at Scotiabank cut their price target on shares of Potash Corp from $36.00 to $33.00 in a research note to investors on Thursday, August 1st.
Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $38.95.
Shares of Potash Corp (NYSE:POT) traded up 1.59% on Thursday, hitting $31.22. 11,518,403 shares of the company’s stock traded hands. Potash Corp has a 52-week low of $28.55 and a 52-week high of $44.82. The stock’s 50-day moving average is $35.58 and its 200-day moving average is $39.54. The company has a market cap of $27.065 billion and a price-to-earnings ratio of 11.91.
Potash Corp (NYSE:POT) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.73 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.81 by $0.08. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the previous year, the company posted $1.01 earnings per share. The company’s revenue for the quarter was down 10.5% on a year-over-year basis. Analysts expect that Potash Corp will post $2.49 EPS for the current fiscal year.
Potash Corporation of Saskatchewan Inc (NYSE:POT) is an integrated fertilizer and related industrial and feed products company.