Potash Corporation of Saskatchewan (POT) : Analyst Rating Update

Potash Corporation of Saskatchewan (POT) has an average broker rating of 2.94, which is interpreted as a Hold, as rated by 16 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 3 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Potash Corporation of Saskatchewan (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 (NYSE:POT): The stock opened at $16.13 on Wednesday but the bulls could not build on the opening and the stock topped out at $16.18 for the day. The stock traded down to $15.74 during the day, due to lack of any buying support eventually closed down at $16.13 with a loss of -0.43% for the day. The stock had closed at $16.20 on the previous day. The total traded volume was 7,989,905 shares.

Also, Equity analysts at the Brokerage firm Stifel Nicolaus downgrades its rating on Potash Corporation of Saskatchewan (NYSE:POT). The rating major has initiated the coverage with hold rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 31, 2016. The company shares have dropped -44.43% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $29.82 and the one year low was seen on Jan 25, 2016. The 50-Day Moving Average price is $16.72 and the 200 Day Moving Average price is recorded at $16.82.

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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