Price Action to Note: Is Buying Potash Corporation of Saskatchewan (USA) Here a Winning Strategy?

Price Action to Note: Is Buying Potash Corporation of Saskatchewan (USA) Here a Winning Strategy?

The stock of Potash Corporation of Saskatchewan (USA) (NYSE:POT) is a huge mover today! About 6.15M shares traded hands. Potash Corporation of Saskatchewan (USA) (NYSE:POT) has declined 0.87% since April 5, 2016 and is downtrending. It has underperformed by 2.83% the S&P500.
The move comes after 6 months positive chart setup for the $14.70 billion company. It was reported on Nov, 8 by Barchart.com. We have $26.01 PT which if reached, will make NYSE:POT worth $7.79B more.

Potash Corporation of Saskatchewan (USA) (NYSE:POT) Ratings Coverage

Out of 21 analysts covering Potash Corp (NYSE:POT), 6 rate it a “Buy”, 6 “Sell”, while 9 “Hold”. This means 29% are positive. Potash Corp has been the topic of 47 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Equal Weight” rating given on Tuesday, January 12 by Barclays Capital. The company was maintained on Monday, October 5 by Barclays Capital. JP Morgan maintained the stock with “Overweight” rating in Monday, November 2 report. As per Wednesday, October 21, the company rating was maintained by RBC Capital Markets. The company was downgraded on Thursday, April 14 by Cowen & Co. On Thursday, April 21 the stock rating was downgraded by Vertical Research to “Hold”. On Wednesday, October 14 the stock rating was maintained by UBS with “Buy”. As per Tuesday, December 15, the company rating was upgraded by HSBC. The stock of Potash Corporation of Saskatchewan (USA) (NYSE:POT) has “Mkt Perform” rating given on Wednesday, July 29 by Raymond James. The stock of Potash Corporation of Saskatchewan (USA) (NYSE:POT) earned “Outperform” rating by Bernstein on Tuesday, October 13.

According to Zacks Investment Research, “Potash Corporation of Saskatchewan Inc. is the world’s largest potash company, the third largest phoshate producer and the second largest nitrogen producer in the world. Behind its growing success lies a vital infrastructure: knowledgeable PCS Sales staff throughout Canada and the United States, a transportation network that includes truck, train, barge, lake ship and ocean vessel, and warehouses strategically located in major consuming areas.”

More notable recent Potash Corporation of Saskatchewan (USA) (NYSE:POT) news were published by: Investorplace.com which released: “Potash Corporation of Saskatchewan (USA) (POT) Spikes on Agrium Inc. (AGU …” on August 30, 2016, also Fool.ca with their article: “Potash Corporation of Saskatchewan Inc.: Volumes Rise, Profits Plunge” published on October 28, 2016, Investorplace.com published: “Why Ford Motor Company (F), Potash Corporation of Saskatchewan (USA) (POT) and …” on July 28, 2016. More interesting news about Potash Corporation of Saskatchewan (USA) (NYSE:POT) were released by: Fool.ca and their article: “Making Sense of the Agrium Inc./Potash Corporation of Saskatchewan Inc. Merger” published on October 19, 2016 as well as Fool.ca‘s news article titled: “3 Big Reasons to Avoid Potash Corporation of Saskatchewan Inc. Stock” with publication date: April 25, 2016.

POT Company Profile

Potash Corporation of Saskatchewan Inc. (PCS), incorporated on May 15, 2002, is a fertilizer producer producing various primary crop nutrients, such as potash, nitrogen and phosphate. The Firm operates through three divisions: potash, nitrogen and phosphate. The Firm owns and operates approximately five potash activities in Saskatchewan and one in New Brunswick. The Company’s nitrogen activities 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 activities 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 Firm has approximately four phosphate feed plants in the United States and produce phosphoric acid at its Geismar, Louisiana facility.

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