RBC Capital Reiterates Their Buy Rating on Potash Corp

By Austin Angelo

RBC Capital analyst Matt Barasch reiterated a Buy rating on Potash Corp (NYSE: POT) yesterday and set a price target of $19. The company’s shares closed yesterday at $16.72.

According to TipRanks.com, Barasch is a 3-star analyst with an average return of 8.4% and a 72.0% success rate. Barasch covers the Services sector, focusing on stocks such as Thomson Reuters Corp, Ritchie Bros, and Netflix.

Potash Corp has an analyst consensus of Strong Buy, with a price target consensus of $18.67.

Potash Corp’s market cap is currently $14.1B and has a P/E ratio of 34.12. The company has a book value ratio of 1.6905.

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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.