Price Target Update on Potash Corporation of Saskatchewan (NYSE:POT)

Potash Corporation of Saskatchewan (NYSE:POT) : 10 investment research analysts covering Potash Corporation of Saskatchewan (NYSE:POT) have an average price target of $16.7 for the near short term. The highest target price given by the Brokerage Firm to the stock is $23 and the lowest target is $11 for the short term. Analysts expect the variance to be within $3.53 of the average price.

Other Equity analysts have also commented on the company shares. In the latest statement by the brokerage house, Stifel Nicolaus downgrades its outlook on Potash Corporation of Saskatchewan (NYSE:POT). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on May 31, 2016.

Potash Corporation of Saskatchewan (NYSE:POT): stock turned positive on Thursday. Though the stock opened at $17.14, the bulls momentum made the stock top out at $17.75 level for the day. The stock recorded a low of $17.08 and closed the trading day at $17.48, in the green by 5.81%. The total traded volume for the day was 17,198,322. The stock had closed at $16.52 in the previous days trading.

The company shares have dropped -48.20% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $32.18 and the one year low was seen on Jan 25, 2016. The 50-Day Moving Average price is $16.61 and the 200 Day Moving Average price is recorded at $16.91.

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 Companys 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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