Is Buying Potash Corporation of Saskatchewan (USA) Here a Winning Strategy? Option Traders Like The Stock

 Is Buying Potash Corporation of Saskatchewan (USA) Here a Winning Strategy? Option Traders Like The Stock

In today’s session Potash Corporation of Saskatchewan (USA) (POT) registered an unusually high (2,010) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious POT increase. With 2,010 contracts traded and 40164 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: POT161118C00016000 closed last at: $1.44 or 4.3% up. About 2.15 million shares traded hands. Potash Corporation of Saskatchewan (USA) (NYSE:POT) has risen 11.09% since April 11, 2016 and is uptrending. It has outperformed by 4.94% the S&P500.

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. $29 is the highest target while $13 is the lowest. The $18.49 average target is 6.33% above today’s ($17.39) stock price. Potash Corp has been the topic of 47 analyst reports since August 4, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Sector Perform” rating in Wednesday, October 21 report. Paradigm Research downgraded Potash Corporation of Saskatchewan (USA) (NYSE:POT) on Tuesday, March 22 to “Sell” rating. The rating was maintained by Cowen & Co on Tuesday, November 24 with “Market Perform”. The firm earned “Mkt Perform” rating on Wednesday, July 29 by Raymond James. The firm has “Underperform” rating by Cowen & Co given on Thursday, April 14. The company was upgraded on Monday, September 26 by Susquehanna. The stock has “Buy” rating given by HSBC on Tuesday, December 15. The stock has “Buy” rating given by UBS on Wednesday, October 14. The stock of Potash Corporation of Saskatchewan (USA) (NYSE:POT) earned “Sector Outperform” rating by Scotia Capital on Friday, January 29. The stock of Potash Corporation of Saskatchewan (USA) (NYSE:POT) has “Hold” rating given on Thursday, April 21 by Vertical Research.

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.”

Potash Corporation of Saskatchewan Inc. is a fertilizer producer producing various primary crop nutrients, such as potash, nitrogen and phosphate. The company has a market cap of $15.12 billion. The Firm operates through three divisions: potash, nitrogen and phosphate. It has a 30.5 P/E ratio. It owns and operates approximately five potash activities in Saskatchewan and one in New Brunswick.

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.

More notable recent Potash Corporation of Saskatchewan (USA) (NYSE:POT) news were published by: Fool.ca which released: “Potash Corporation of Saskatchewan Inc.: Does the Recovery Have Legs?” on November 10, 2016, also Fool.ca with their article: “Contrarian Investors: Potash Corporation of Saskatchewan Inc. Could Soar in 2017” published on November 11, 2016, Investorplace.com published: “Potash Corporation of Saskatchewan (USA) (POT) Spikes on Agrium Inc. (AGU …” on August 30, 2016. More interesting news about Potash Corporation of Saskatchewan (USA) (NYSE:POT) were released by: Investorplace.com and their article: “Why Ford Motor Company (F), Potash Corporation of Saskatchewan (USA) (POT) and …” published on July 28, 2016 as well as Fool.ca‘s news article titled: “Making Sense of the Agrium Inc./Potash Corporation of Saskatchewan Inc. Merger” with publication date: October 19, 2016.

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