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Potash Corp Price Target Cut to C$37.00 by Analysts at Canaccord Genuity (POT)

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Canaccord Genuity dropped their price target on shares of Potash Corp (NYSE:POT) from C$40.00 to C$37.00 in a research note issued on Friday, StockRatingsNetwork.com reports. The firm currently has a “hold” rating on the stock.

POT has been the subject of a number of other recent research reports. Analysts at Desjardins cut their price target on shares of Potash Corp from C$49.00 to C$44.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Paradigm Capital cut their price target on shares of Potash Corp from C$50.00 to C$48.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Susquehanna cut their price target on shares of Potash Corp from C$40.00 to C$37.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock.

Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $43.35.

Potash Corp (NYSE: POT) opened at 37.15 on Friday. Potash Corp has a 52-week low of $35.98 and a 52-week high of $45.72. The stock’s 50-day moving average is currently $39.14. The company has a market cap of $32.206 billion and a price-to-earnings ratio of 14.40.

Potash Corp (NYSE:POT) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.73 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.81 by $0.08. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the company posted $1.01 earnings per share. Potash Corp’s revenue was down 10.5% compared to the same quarter last year. Potash Corp has set its Q3 guidance at 0.45-0.60 EPS and its FY13 guidance at 2.45-2.70 EPS. Analysts expect that Potash Corp will post $2.76 EPS for the current fiscal year.

Potash Corporation of Saskatchewan Inc (NYSE: POT) is an integrated fertilizer and related industrial and feed products company.Image may be NSFW.
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