HSBC Downgrades Potash Corporation of Saskatchewan (USA) to Hold

Brokerage firm HSBC Downgrades its rating on Potash Corporation of Saskatchewan (USA)(NYSE:POT). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by HSBC was issued on Apr 11, 2016.

In a different note, On Apr 4, 2016, CIBC said it Downgrades its rating on Potash Corporation of Saskatchewan (USA). The shares have been rated ‘Sector Performer’ by the firm. On Mar 22, 2016, Paradigm Capital said it Downgrades its rating on Potash Corporation of Saskatchewan (USA). The shares have been rated ‘Sell’ by the firm. On Mar 16, 2016, Morgan Stanley said it Assumes its rating on Potash Corporation of Saskatchewan (USA). The shares have been rated ‘Equal-weight’ by the firm. On Mar 16, 2016, UBS said it Maintains its rating on Potash Corporation of Saskatchewan (USA). In the research note, the firm Raises the price-target to $16.00 per share. The shares have been rated ‘Buy’ by the firm. On Mar 11, 2016, Atlantic Equities said it Downgrades its rating on Potash Corporation of Saskatchewan (USA). The shares have been rated ‘Underweight’ by the firm. On Feb 22, 2016, Susquehanna said it Maintains its rating on Potash Corporation of Saskatchewan (USA). In the research note, the firm Lowers the price-target to $17.00 per share. The shares have been rated ‘Neutral’ by the firm.

Potash Corporation of Saskatchewan (USA) (POT) made into the market gainers list on Fridays trading session with the shares advancing 1.23% or 0.2 points. Due to strong positive momentum, the stock ended at $16.42, which is also near the day’s high of $16.49. The stock began the session at $16.14 and the volume stood at 58,56,887 shares. The 52-week high of the shares is $33.8 and the 52 week low is $14.64. The company has a current market capitalization of $13,746 M and it has 83,71,19,990 shares in outstanding.

Potash Corporation of Saskatchewan (USA)(POT) last announced its earnings results on Jan 28, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $1.35B. Analysts had an estimated revenue of $1.44B. Earnings per share were $0.24. Analysts had estimated an EPS of $0.30.

Potash Corporation of Saskatchewan Inc is a fertilizer company. The Company operates in three business segments: potash nitrogen and phosphate. The Company owns and operates five potash operations in Saskatchewan and one in New Brunswick. Its nitrogen operations involve the production of nitrogen fertilizers and nitrogen feed and industrial products including ammonia urea nitrogen solutions ammonium nitrate and nitric acid. It has nitrogen facilities in Georgia Louisiana Ohio and Trinidad. The Company’s phosphate operations include the manufacture and sale of solid and liquid phosphate fertilizers phosphate feed and industrial acid which is used in food products and industrial processes. It has phosphate mines and mineral processing plant complexes in Florida and North Carolina. The Company also has four phosphate feed plants in the United States and produce phosphoric acid at its Geismar Louisiana facility.

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