Susquehanna Upgrades Potash Corporation of Saskatchewan (USA) to Positive

Brokerage firm Susquehanna Upgrades its rating on Potash Corporation of Saskatchewan (USA)(NYSE:POT). The shares have been rated Positive. Previously, the analysts had a Neutral rating on the shares. The rating by Susquehanna was issued on Sep 26, 2016.

In a different note, On Sep 14, 2016, Stifel Nicolaus said it Upgrades its rating on Potash Corporation of Saskatchewan (USA). The shares have been rated ‘Buy’ by the firm. On Sep 13, 2016, CLSA said it Downgrades its rating on Potash Corporation of Saskatchewan (USA). The shares have been rated ‘Outperform’ by the firm. On Sep 13, 2016, Scotiabank said it Downgrades its rating on Potash Corporation of Saskatchewan (USA). The shares have been rated ‘Sector Perform’ by the firm. On Aug 31, 2016, Barclays said it Terminates its rating on Potash Corporation of Saskatchewan (USA). On Jul 29, 2016, JP Morgan said it Maintains its rating on Potash Corporation of Saskatchewan (USA). In the research note, the firm Lowers the price-target to $17.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 29, 2016, UBS said it Maintains its rating on Potash Corporation of Saskatchewan (USA). In the research note, the firm Lowers the price-target to $21.00 per share. The shares have been rated ‘Buy’ by the firm.

Potash Corporation of Saskatchewan (USA) (POT) made into the market gainers list on Thursdays trading session with the shares advancing 1.43% or 0.23 points. Due to strong positive momentum, the stock ended at $16.32, which is also near the day’s high of $16.4801. The stock began the session at $16.28 and the volume stood at 66,95,631 shares. The 52-week high of the shares is $24.31 and the 52 week low is $14.64. The company has a current market capitalization of $13,700 M and it has 83,94,32,690 shares in outstanding.

Potash Corporation of Saskatchewan (USA) has also declared a cash dividend of $0.1000 on Sep 8, 2016. The shares will quote ex-dividend on Oct 10, 2016 and the record date has been fixed on Oct 12, 2016. The dividend payable date has been fixed on Nov 2, 2016.

Potash Corporation of Saskatchewan (USA)(POT) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.05B. Analysts had an estimated revenue of $1.21B. Earnings per share were $0.18. Analysts had estimated an EPS of $0.20.

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.

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