Potash (NYSE:POT): Cowen Reiterates Market Perform Rating Today, Has a Target of $18/Share

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Potash (NYSE:POT) Rating Reaffirmed

The brokerage has just set a Estimated Target Price of $18 on Potash (NYSE:POT) shares. This is 3.93% from the close price. In a note published on 21 December, Cowen has reaffirmed their Market Perform rating on shares of POT.

From a total of 25 analysts covering Potash Corp (NYSE:POT) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $41 while the lowest target price is $17. The mean of all analyst targets is $24.01 with a 39.38% above today’s ($17.32) stock price. Potash Corp was the topic of 20 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. HSBC upgraded shares on December 15 to “Buy” rating. IBC upgraded shares to “Sector Outperformer” rating and $28 target share price in a report from an October 19. Cowen & Co maintained POT stock in a recent report from November 24 with “Market Perform” rating. UBS maintained the rating on October 14. UBS has a “Buy” rating and a $27 price target on shares. Finally, RBC Capital Markets maintained the stock with “Sector Perform” rating in a report issued on an October 21.

The stock increased 0.70% or $0.12 on December 18, striking $17.32. Approximately shares of stock traded hands. Potash Corporation of Saskatchewan (USA) (NYSE:POT) has declined 47.05% since May 18, 2015 and is downtrending. It has underperformed by 41.24% the S&P500.

Potash Corporation of Saskatchewan Inc is a fertilizer company. The company has a market cap of $14.51 billion. The Firm operates in three business divisions: potash, nitrogen and phosphate. It has 9.82 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.”

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