Potash Corporation of Saskatchewan (NYSE:POT) stock is expected to deviate a maximum of $3.53 from the average target price of $16.7 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $23 and the most muted being $11.
Potash Corporation of Saskatchewan Inc. has lost 7.09% in the last five trading days and dropped 0.92% in the last 4 weeks. Potash Corporation of Saskatchewan Inc. has dropped 3.13% during the last 3-month period . Year-to-Date the stock performance stands at -1.21%. Also, Brokerage firm Stifel Nicolaus downgrades its rating on Potash Corporation of Saskatchewan (NYSE:POT). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 31, 2016.
Potash Corporation of Saskatchewan (NYSE:POT) : Zacks Investment Research ranks Potash Corporation of Saskatchewan (NYSE:POT) as 5, which is a Strong Sell recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 3 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 16 research analysts is 2.94, which indicates as a Hold.
Potash Corporation of Saskatchewan (NYSE:POT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.12 and $15.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.09. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.24, notching a gain of 1.25% for the day. The total traded volume was 27,851,735 . The stock had closed at $16.04 on the previous day.
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.