Is Potash Corporation of Saskatchewan (USA) a Buy? The Stock Had Bullish Options Activity Today

 Is Potash Corporation of Saskatchewan (USA) a Buy? The Stock Had Bullish Options Activity Today

In today’s session Potash Corporation of Saskatchewan (USA) (POT) registered an unusually high (604) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2018 call, expecting serious POT increase. With 604 contracts traded and 49204 open interest for the Jan, 18 contract, it seems this is a quite bullish bet. The option with symbol: POT180119C00018000 closed last at: $2.28 or 7% up. About 2.47 million shares traded hands. Potash Corporation of Saskatchewan (USA) (NYSE:POT) has risen 3.52% since April 28, 2016 and is uptrending. It has underperformed by 2.40% the S&P500.

Analysts await Potash Corporation of Saskatchewan (USA) (NYSE:POT) to report earnings on January, 26. They expect $0.10 EPS, down 58.33% or $0.14 from last year’s $0.24 per share. POT’s profit will be $87.26 million for 45.93 P/E if the $0.10 EPS becomes a reality. After $0.11 actual EPS reported by Potash Corporation of Saskatchewan (USA) for the previous quarter, Wall Street now forecasts -9.09% negative EPS growth.

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 0.65% above today’s ($18.37) stock price. Potash Corp has been the topic of 47 analyst reports since August 4, 2015 according to StockzIntelligence Inc. As per Monday, November 2, the company rating was maintained by JP Morgan. The firm has “Neutral” rating given on Monday, October 31 by Atlantic Securities. IBC upgraded Potash Corporation of Saskatchewan (USA) (NYSE:POT) rating on Monday, October 19. IBC has “Sector Outperformer” rating and $28 price target. The firm earned “Mkt Perform” rating on Friday, September 11 by Bernstein. HSBC downgraded Potash Corporation of Saskatchewan (USA) (NYSE:POT) rating on Wednesday, October 7. HSBC has “Hold” rating and $24.50 price target. The company was downgraded on Monday, September 7 by Zacks. The firm has “Underperform” rating by Macquarie Research given on Monday, September 21. Morgan Stanley reinitiated the shares of POT in a report on Wednesday, March 16 with “Equal-Weight” rating. The rating was maintained by Barclays Capital on Monday, October 5 with “Equal-Weight”. The stock of Potash Corporation of Saskatchewan (USA) (NYSE:POT) has “Hold” rating given on Monday, April 11 by HSBC.

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 $16.03 billion. The Firm operates through three divisions: potash, nitrogen and phosphate. It has a 32.22 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: “Buying Potash Corporation of Saskatchewan Inc. on the Upside” on November 30, 2016, also Fool.ca with their article: “Potash Corporation of Saskatchewan Inc. Continues to Recover: Should You Own …” published on November 22, 2016, Fool.ca published: “Potash Corporation of Saskatchewan Inc.: Does the Recovery Have Legs?” on November 10, 2016. More interesting news about Potash Corporation of Saskatchewan (USA) (NYSE:POT) were released by: Investorplace.com and their article: “Potash Corporation of Saskatchewan (USA) (POT) Spikes on Agrium Inc. (AGU …” published on August 30, 2016 as well as Investorplace.com‘s news article titled: “Why Ford Motor Company (F), Potash Corporation of Saskatchewan (USA) (POT) and …” with publication date: July 28, 2016.

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