Why Potash Corp./Saskatchewan (USA) (NYSE:POT) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $16.24 on Potash Corp./Saskatchewan (USA) (NYSE:POT) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.53 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Potash Corp./Saskatchewan (USA) (NYSE:POT) stands at 19.98.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Potash Corporation of Saskatche, the PEG ratio for coming 3-5 years is -2.63.

Technical Analysis

The technical analysis highlights that Potash Corporation of Saskatche current is trading $-0.25 points away or -1.55% from its 50-day moving average of $16.43. Further it is trading $-0.63 or -3.74% away its 200-day moving average of $16.81.

The 52-week high of Potash Corp./Saskatchewan (USA) (NYSE:POT) was $26.10 while lowest point recorded in 52-week was $14.64. It implies if stock price makes a movement of over $-9.92, it will record a new 52-week high. In the case of +10.52% drop, it will touch a new 52-week low.

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