Susquehanna Cuts Potash Corp to Neutral (POT)
Potash Corp (NYSE: POT) was downgraded by equities researchers at Susquehanna from a “positive” rating to a “neutral” rating in a report issued on Friday.
Shares of Potash Corp traded down 0.47% during mid-day trading on Friday, hitting $42.48. Potash Corp has a 52 week low of $38.42 and a 52 week high of $62.60. The company has a market cap of $36.487 billion and a P/E ratio of 13.21.
The company last announced its quarterly results on Thursday, April 26th. It reported $0.56 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.64 EPS by $0.08. The company’s quarterly revenue was down 20.8% on a year-over-year basis. On average, analysts predict that Potash Corp will post $0.96 earnings per share next quarter.
A number of other analysts have also recently weighed in on POT. Analysts at Zacks reiterated a “neutral” rating on shares of Potash Corp in a research note to investors on Monday, April 23rd. They now have a $46.00 price target on the stock. Separately, analysts at Atlantic Equities downgraded shares of Potash Corp from an “overweight” rating to a “neutral” rating in a research note to investors on Monday, April 23rd. Finally, analysts at Stifel Nicolaus initiated coverage on shares of Potash Corp in a research note to investors on Thursday, March 29th. They set a “buy” rating and a $56.00 price target on the stock.
Potash Corporation of Saskatchewan Inc. (PCS) is an integrated fertilizer and related industrial and feed products company.