Potash Corp. of Saskatchewan Inc., the world’s second-largest producer of its namesake fertilizer, and Calgary-based Agrium Inc. are planning to merge, people familiar with the matter said, as the companies battle falling prices and a decline in spending from farmers. The company’s revenue was down -39.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.50 EPS. Its last 5-Year EPS growth stands at 33.60% with earnings growth of -23.00% yoy.
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Shares of Potash Corp, which had a market valuation of about CUS$17.54 billion (US$13.43 billion) as of Monday’s close, were up 13.4 percent at US$18.20 in NY.
Potash Corporation of Saskatchewan Inc. annual Divided is 0.4 while it’s Dividend Yield is 2.49%.
Potash Corp. investors in particular were surely celebrating amid what has been a lousy few years for the maker of potash, nitrogen and phosphates.
A number of analysts rated the stock as well: 2 analysts believe that the stock is a STRONG BUY while 2 reported it as Buy.15 analysts assigned a HOLD rating, 6 said it’s UNDERPERFORM and 0 say that this stock is a SELL. The stock has its Price to Earnings (P/E) ratio of 19.81 and Forward Price to Earnings ratio of 21.9. Analyst’s mean target price for Harris Corporation (NYSE:HRS) is $97.71 while analysts mean recommendation is 1.90.
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AGU is now trading at $95.39, up $5.91 or up 6.60 percent. On a relative basis, the stock has outperformed the S&P 500 by 3.04% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. Potash Corporation of Saskatchewan (USA) makes up approx 0.01% of Nn Investment Partners Holdings N.v.’s portfolio. (YTD performance is the most important factor to consider; if YTD is negative, the stock is declining; if the YTD Performance value is Positive the stock is surging).
