Potash Corporation of Saskatchewan (USA) (POT) is Downgraded by HSBC Securities to Hold

Potash Corporation of Saskatchewan (USA) (POT) was Downgraded by HSBC Securities to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. HSBC Securities advised their investors in a research report released on Apr 11, 2016.

Many Wall Street Analysts have commented on Potash Corporation of Saskatchewan (USA). Potash Corporation of Saskatchewan (USA) was Downgraded by CIBC to ” Sector Perform” on Apr 4, 2016. Morgan Stanley Resumed Potash Corporation of Saskatchewan (USA) on Mar 16, 2016 to “Equal-Weight”, Price Target of the shares are set at $19.Shares were Reiterated by Cowen on Feb 1, 2016 to “Market Perform” and Lowered the Price Target to $ 16 from a previous price target of $18 .

On the company’s financial health, Potash Corporation of Saskatchewan (USA) reported $0.24 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Jan 28, 2016. Analyst had a consensus of $0.31. The company had revenue of $1354.00 million for the quarter, compared to analysts expectations of $1368.65 million. The company’s revenue was down -28.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.49 EPS.

Potash Corporation of Saskatchewan (USA) closed down -0.09 points or -0.56% at $15.87 with 78,80,012 shares getting traded on Monday. Post opening the session at $15.95, the shares hit an intraday low of $15.79 and an intraday high of $16 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

Potash Corporation of Saskatchewan (USA)

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