Potash Corporation (TSE:POT) Has Just Had Its Target Price Increased by Research Analysts at RBC Capital Markets to $24.35

September 17, 2017 - By Maria Brooks

Stock Analysis:Potash Corporation (TSE:POT) Target Upped

In a note made public by RBC Capital Markets on Friday, 15 September, Potash Corporation (TSE:POT) had its target upped to $24.35. The firm presently has a solid Outperform rating on shares.

Potash Corporation of Saskatchewan Inc (TSE:POT) Ratings Coverage

Among 9 analysts covering Potash Corp (TSE:POT), 2 have Buy rating, 2 Sell and 5 Hold. Therefore 22% are positive. Potash Corp has $33 highest and $15.50 lowest target. $23.75’s average target is 4.17% above currents $22.8 stock price. Potash Corp had 22 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Potash Corporation of Saskatchewan Inc (TSE:POT) earned “Sector Perform” rating by Scotia Capital on Friday, April 28. RBC Capital Markets maintained Potash Corporation of Saskatchewan Inc (TSE:POT) rating on Friday, January 27. RBC Capital Markets has “Outperform” rating and $25 target. TD Securities maintained the stock with “Hold” rating in Tuesday, January 24 report. The firm has “Hold” rating by TD Securities given on Friday, April 28. Scotia Capital maintained the stock with “Sector Perform” rating in Friday, January 27 report. Macquarie Research downgraded it to “Underperform” rating and $22 target in Monday, September 21 report. The firm earned “Outperform” rating on Friday, July 14 by RBC Capital Markets. The firm earned “Market Perform” rating on Friday, January 27 by Raymond James. RBC Capital Markets maintained it with “Sector Perform” rating and $27 target in Monday, January 25 report.

The stock increased 2.10% or $0.47 on September 15, reaching $22.8. About 7.04 million shares traded or 528.57% up from the average. Potash Corporation of Saskatchewan Inc (TSE:POT) has 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Wall Street await Potash Corporation of Saskatchewan (USA) (NYSE:POT) to release earnings on October, 26. Analysts forecast EPS of $0.12, up exactly $0.01 or 9.09 % from 2014’s $0.11 EPS. The expected POT’s profit could reach $100.60M giving the stock 39.04 P/E in the case that $0.12 earnings per share is reported. After posting $0.16 EPS for the previous quarter, Potash Corporation of Saskatchewan (USA)’s analysts now forecast -25.00 % negative EPS growth.

Potash Corporation of Saskatchewan Inc. is a fertilizer producer producing a range of primary crop nutrients, such as potash, nitrogen and phosphate. The company has market cap of $19.02 billion. The Firm operates through three divisions: potash, nitrogen and phosphate. It has a 32.99 P/E ratio. As of December 31, 2016, it owned and operated five potash activities in Saskatchewan and owned one in New Brunswick.

More notable recent Potash Corporation of Saskatchewan Inc (TSE:POT) news were published by: Fool.ca which released: “Is a Merger the Cure for What Ails Agrium Inc. and Potash Corporation of …” on September 15, 2017, also Cbc.ca with their article: “Premier Brad Wall reminds PotashCorp of its pledge for corporate jobs amid merger” published on September 02, 2017, Nasdaq.com published: “Potash Corp, Agrium Provide Update on Merger of Equals Deal” on September 08, 2017. More interesting news about Potash Corporation of Saskatchewan Inc (TSE:POT) were released by: Nasdaq.com and their article: “Potash Corp of Saskatchewan (POT) Shares Cross Above 200 DMA” published on September 01, 2017 as well as Nasdaq.com‘s news article titled: “Potash Corp & Agrium Merger Gets Regulatory Nod in Canada” with publication date: September 12, 2017.

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