RBC Capital Reiterates a Buy Rating on Potash CorpBy Austin Angelo
According to TipRanks.com, Viswanathan is a 5-star analyst with an average return of 14.2% and a 78.4% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Westlake Chemical Corp, and Axalta Coating Systems.
Potash Corp has an analyst consensus of Moderate Buy, with a price target consensus of $17.58.
Based on Potash Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.06 billion and quarterly net profit of $59 million. In comparison, last year the company earned revenue of $1.35 billion and had a net profit of $201 million.
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Potash Corp. of Saskatchewan, Inc. is a fertilizer company, which produces crop nutrients, including potash, phosphate and nitrogen. The company operates through three business segments: Potash, Phosphate and Nitrogen. The Potash segment includes mineral deposits left by ancient evaporated seas and is used as a crop nutrient. The Phosphate segment manufactures acids for use in fertilizer, feed and industrial products. The Nitrogen segment produces a broad range of nitrogen products, including ammonia, urea and other products such as nitric acid, ammonium nitrate and nitrogen solutions. It also produces potash and granular grades, diammonium phosphate, monoammonium phosphate, phosphoric acid, ammonia and urea. The company was founded on February 4, 1975 and is headquartered in Saskatoon, Canada.