What’s PotashCorp Doing to Withstand the Low Pricing Environment?
Of the 23 analysts surveyed by Bloomberg, seven have a “buy” recommendation, 11 have a “hold,” and five have a “sell” for Potash Corporation of Saskatchewan (or PotashCorp) (POT) as of October 20, 2016.
Interested in POT? Don't miss the next report.
Receive e-mail alerts for new research on POT
The next 12-month consensus price target for PotashCorp is $16.70, which is 2.5% above the company’s closing price of $16.30 as of October 19, 2016.
There have been changes in analysts’ recommendations and price targets in October. Donald D. Carson of Susquehanna Financial Group is the most bullish on the stock with a 12-month price target of $21, an upside of 17.0%, and a “positive” rating. Recently, RBC Capital Markets upgraded the stock’s rating to “outperform.”
Credit Suisse’s Christopher Parkinson is the most bearish on the stock with a 12-month price target of $11 and an “underperform” rating.
PotashCorp (POT) and other companies such as Agrium (AGU), Mosaic (MOS), and CF Industries (CF) continue to battle a low pricing environment for fertilizers (MXI). As a step to better position the company in this market, PotashCorp announced its merger with Agrium, which is pending shareholder and antitrust approvals.
We’ll publish our post-earnings analysis for PotashCorp after its October 27, 2016, earnings release, so remember to visit our website. You may also like to read our pre-earnings series Should You Expect Any Positive News from Intrepid Potash in 3Q16? before it reports its earnings on October 25, 2016.