UBS AG Cuts Price Target on Potash Corp (POT)
UBS AG (NYSE: UBS) lowered their price target on shares of Potash Corp (NYSE: POT) from $60.00 to $56.00 in a research note issued on Friday. The firm currently has a “buy” rating on the stock.
A number of other analysts have also recently weighed in on POT. Analysts at Susquehanna downgraded shares of Potash Corp from a “positive” rating to a “neutral” rating in a research note to investors on Friday. Separately, 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. Finally, 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.
Potash Corp opened at 42.67 on Friday. Potash Corp has a 1-year low of $38.42 and a 1-year high of $62.60. The company has a market cap of $36.643 billion and a price-to-earnings ratio of 12.16.
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. Analysts expect that Potash Corp will post $0.96 EPS next quarter.
Potash Corporation of Saskatchewan Inc. (PCS) is an integrated fertilizer and related industrial and feed products company.