Investor Outlook: Potash Corp (NYSE:POT) “Underperform” Rating Has Been Maintained at Bank of America (Merrill Lynch) Today


Potash Corp (NYSE:POT) Rating Reaffirmed

Bank of America (Merrill Lynch) has decided to reaffirm their “Underperform” rating on Potash Corp (NYSE:POT) shards via analysts report issued to investors and clients on Monday morning.

From a total of 24 analysts covering Potash Corp (NYSE:POT) stock, 9 rate it a ”Buy”, 2 a “Sell”, and 14 a ”Hold”. This means that 36% of the ratings are positive. The highest target price is $41 while the lowest target price is $20. The mean of all analyst targets is $24.46 with a 31.27% above today’s ($18.39) stock price. Potash Corp was the topic of 18 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Cowen & Co maintained shares on November 24 with “Market Perform” rating. HSBC downgraded shares to “Hold” rating and $24.50 target share price in a report from an October 7. RBC Capital Markets maintained POT stock in a recent report from October 21 with “Sector Perform” rating. Barclays Capital maintained the rating on October 5. Barclays Capital has a “Equal-Weight” rating and a $25 price target on shares. Finally, UBS maintained the stock with “Buy” rating in a report issued on an October 14.

Approximately 2.76M shares of stock traded hands. Potash Corporation of Saskatchewan (USA) (NYSE:POT) has declined 41.88% since May 4, 2015 and is downtrending. It has underperformed by 40.81% the S&P500.

Investor Outlook: Potash Corp (NYSE:POT)

Potash Corporation of Saskatchewan Inc is a fertilizer company. The company has a market cap of $15.79 billion. The Firm operates in three business divisions: potash, nitrogen and phosphate. It has 10.43 P/E ratio. The Firm owns and operates five potash activities in Saskatchewan and one in New Brunswick.

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.” Get a free copy of the Zacks research report on Potash Corporation of Saskatchewan (USA) (POT).