Potash Corporation of Saskatchewan (USA) (NYSE:POT) has been upgraded to Outperform in a report by RBC Capital Markets today.
- Updated: October 7, 2016
RBC Capital Markets has upgraded Potash Corporation of Saskatchewan (USA) (NYSE:POT) to Outperform in a statement released on Friday October 07, 2016.
Boasting a price of $15.98, Potash Corporation of Saskatchewan (USA) (NYSE:POT) traded -1.24% lower on the day. With the last stock price close down -4.11% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Potash Corporation of Saskatchewan (USA) has recorded a 50-day average of $16.53 and a two hundred day average of $16.67. Volume of trade was down over the average, with 6,352,826 shares of POT changing hands under the typical 9,450,630
With a total market value of $0, Potash Corporation of Saskatchewan (USA) has PE ratio of 19.73 with a one year low of $14.64 and a one year high of $22.37 .
A total of 25 brokerages have issued a ratings update on Potash Corporation of Saskatchewan (USA). Four analysts rating the company a strong buy, three analysts rating the company a buy, fourteen analysts rating the company a hold, six analysts rating the company a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $17.21.
General Information About Potash Corporation of Saskatchewan (USA) (NYSE:POT)
Potash Corporation of Saskatchewan Inc. is a fertilizer producer producing various primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. It owns and operates approximately 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. Its phosphate operations include the manufacture and sale of solid and liquid phosphate fertilizers, phosphate feed and industrial acid that is used in food products and industrial processes. It has phosphate mines and mineral processing plant complexes in Florida and North Carolina. It has over four phosphate feed plants in the United States and produce phosphoric acid at its Geismar, Louisiana facility.
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