Potash Corporation of Saskatchewan (USA) (NYSE:POT) shares ended last trading session at the price of $16.16 whereas a number of traders indicating mean target price will hit $16.80 over the next twelve months, mean value of price target most recently revised on 09/13/16. The 1 year high share price is 25.58 United States dollars while the 52 week low is 14.64 USD. The combined company would have had 2015 net revenue of about US$20.6 billion and earnings before interest, taxes, depreciation and amortization (EBITDA) of US$4.7 billion before synergies, on a pro-forma basis, the companies said. Potash Corporation of Saskatchewan (USA) (NYSE:POT) “s price to sales ratio for trailing twelve month stands at 2.66, whereas its price to book ratio for most recent quarter sits at 1.67”.
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With regard to the latest development, Potash president and CEO Jochen Tilk commented: “Our merger creates a new premier Canadian-headquartered company that reflects our shared commitment to creating value, and unlocking growth potential for shareholders”.
Some buy side analysts are also providing their Analysis on Potash Corporation of Saskatchewan Inc., where 2 analysts have rated the stock as Strong buy, 2 analysts have given a Buy signal, 15 said it’s a HOLD, 6 reported it as Underperform and 0 analysts rated the stock as Sell. The Market Capitalization of the company stands at 13.7 Billion. Analyst forecasts, earnings estimates and price target projections are issued to help their clients make money through stock investments. 11,058,052 shares of POT traded, up from ann avg. volume of 10,306,300. Whereas for the next year revenues are set at $4.76B by 18 analysts.
While looking at the Stock’s Performance, Potash Corporation of Saskatchewan Inc. now shows a Weekly Performance of -9.46%, where Monthly Performance is -4.82%, Quarterly performance is -2.62%, 6 Months performance is -10.66% and yearly performance percentage is -31.08%. Shareholders of record on Wednesday, October 12th will be paid a dividend of $0.10 per share. The price target estimates represents a standard deviation of 2.84. Potash Corp. of Saskatchewan’s dividend payout ratio (DPR) is presently 123.46%. FMR LLC increased its stake in Potash Corp. of Saskatchewan by 43.8% in the second quarter. Wellington Management Group LLP now owns 3,525,459 shares of the fertilizer maker’s stock worth $60,086,000 after buying an additional 622,671 shares during the period. Bank of New York Mellon Corp boosted its stake in Potash Corp. of Saskatchewan by 239.4% in the second quarter. Finally, Capital International Investors boosted its stake in Potash Corp. of Saskatchewan by 13.5% in the second quarter.
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The new entity-to be named ahead of the deal closure-pools low-priced, superior potash, phosphate, and nitrogen production assets, along with a leading agricultural retail distribution platform to carve out unified crop inputs operations. The Company operates in three business segments: potash nitrogen and phosphate. It owns and operates approximately five potash operations in Saskatchewan and one in New Brunswick.
