Potash Corporation of Saskatchewan (POT) Receives Price Target

Potash Corporation of Saskatchewan (POT) : The highest short term price target forecast on Potash Corporation of Saskatchewan (POT) is $23 and the lowest target price is $11. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $16.28 with a standard deviation of $3.58.

Potash Corporation of Saskatchewan (POT) : 14 analysts are covering Potash Corporation of Saskatchewan (POT) and their average rating on the stock is 2.79, which is read as a Hold. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, In the latest statement by the brokerage house, UBS maintains its outlook on Potash Corporation of Saskatchewan (NYSE:POT). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm lowers the price target from $21 per share to $19 per share. The rating by the firm was issued on July 29, 2016.

Potash Corporation of Saskatchewan (NYSE:POT): The stock opened at $18.04 on Thursday but the bulls could not build on the opening and the stock topped out at $18.06 for the day. The stock traded down to $17.71 during the day, due to lack of any buying support eventually closed down at $17.81 with a loss of -1.60% for the day. The stock had closed at $18.10 on the previous day. The total traded volume was 8,844,999 shares.

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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