The shares of Potash Corporation of Saskatchewan (USA) (NYSE:POT)currently has mean rating of 2.9 while 3 analyst have recommended the shares as ‘BUY’ ,3 recommended as ‘OUTPERFORM’ and 14 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell
The mean price target for the shares of Potash Corporation of Saskatchewan (USA) (NYSE:POT)is at $17.02 while the highest price target suggested by the analysts is $25.00 and low price target is $11.00. The mean price target is calculated keeping in view the consensus of 25 brokerage firms.
The company’s mean estimate for sales for the current quarter ending Jun 16 is 1.23B by 14 analysts. The means estimate of sales for the year ending Dec 16 is 4.82B by 19 analysts.
The average estimate of EPS for the current fiscal quarter for Potash Corporation of Saskatchewan (USA) (NYSE:POT)stands at $0.21 while the EPS for the current year is fixed at $0.71 by 19.00 analysts
The next one year’s EPS estimate is set at 0.96 by 27.00 analysts while a year ago the analysts suggested the company’s EPS at $0.71. The analysts also projected the company’s long-term growth at -4.25% for the upcoming five years
In its latest quarter ended on 31 Mar 2016 , Potash Corporation of Saskatchewan (USA) (NYSE:POT)reported earnings of $0.15. The posted earnings missed the analyst’s consensus by $-0.01 with the surprise factor of -6.30%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
Potash Corporation of Saskatchewan (USA) (NYSE:POT) traded up +5.81% during trading on Friday, hitting $17.75 . The stock had a trading volume of 17.2 M shares. The firm has a 50 day moving average of $16.63 and a 200-day moving average of $16.91. The stock has a market cap of $14.66B and a price-to-earnings ratio of 14.98. On Jun 26, 2015 the shares registered one year high at $32.18 and the one year low was seen on Jan 25, 2016.
On May 13, 2016 Potash Corporation of Saskatchewan (USA) (NYSE:POT) has become aware of an unsolicited “mini-tender” offer made by TRC Capital Corporation (TRC Capital) to purchase up to 5,000,000 PotashCorp common shares, or approximately 0.60% of PotashCorp’s outstanding common shares, at a price of C$19.95 per common share. The offering price represents a discount of 4.41% and 4.68%, respectively, to the closing prices of PotashCorp common shares on the Toronto Stock Exchange and New York Stock Exchange on May 10, 2016 , the last trading day before the mini-tender offer was commenced.
PotashCorp does not endorse this unsolicited mini-tender offer and recommends that shareholders do not tender their shares. PotashCorp is not associated with TRC Capital, its mini-tender offer or the mini-tender offer documentation.
TRC Capital has made similar unsolicited mini-tender offers for shares of other public companies. Mini-tender offers are designed to avoid many disclosure and procedural requirements applicable to most take-over bids and tender offers under Canadian and United States securities legislation.
The Canadian Securities Administrators (CSA) have expressed serious concerns about mini‑tender offers, such as the possibility that investors might tender to a mini-tender offer based upon a misunderstanding of the terms of the offer, including the per securities price available under the offer relative to the market price of such securities. Comments from the CSA on mini‑tenders can be found on the Ontario Securities Commission website at: http://www.osc.gov.on.ca/en/SecuritiesLaw_csa_19991210_61-301.jsp.
The U.S. Securities and Exchange Commission (SEC) has also issued comments about mini-tender offers. The SEC states: “Some bidders make mini-tender offers at below-market prices, hoping that they will catch investors off-guard if the investors do not compare the offer price to the current market price.” The SEC advisory can be found at: http://www.sec.gov/investor/pubs/minitend.htm.
PotashCorp urges shareholders to obtain current market quotations for their shares, consult with their broker or financial advisor and exercise caution with respect to TRC Capital’s offer. PotashCorp recommends that shareholders who have not responded to TRC Capital’s mini-tender offer take no action. Shareholders who have already tendered their shares should take actions to withdraw them including reviewing the withdrawal procedures in TRC Capital’s offering documents.