Potash Corporation of Saskatchewan (USA) (POT) is Downgraded by CLSA to Outperform

Potash Corporation of Saskatchewan (USA) (POT) was Downgraded by CLSA to ” Outperform”. Earlier the firm had a rating of “Buy ” on the company shares. CLSA advised their investors in a research report released on Sep 13, 2016.

On the company’s financial health, Potash Corporation of Saskatchewan (USA) reported $0.18 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.18. The company had revenue of $1053.00 million for the quarter, compared to analysts expectations of $1131.01 million. The company’s revenue was down -39.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.50 EPS.

Potash Corporation of Saskatchewan (USA) closed down -0.21 points or -1.24% at $16.76 with 19,699,221 shares getting traded on Monday. Post opening the session at $17.25, the shares hit an intraday low of $16.58 and an intraday high of $17.48 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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