) pushed the Chemicals industry higher today making it today's featured chemicals winner. The industry as a whole closed the day up 1.5%. By the end of trading, Potash Corporation of Saskatchewan rose $1.78 (4.2%) to $44.28 on heavy volume. Throughout the day, 10.8 million shares of Potash Corporation of Saskatchewan exchanged hands as compared to its average daily volume of 6.6 million shares. The stock ranged in a price between $43.80-$44.84 after having opened the day at $44.34 as compared to the previous trading day's close of $42.50. Other companies within the Chemicals industry that increased today were:
), up 15%,
), up 10.3%,
), up 6.6%, and
), up 6%.
Potash Corporation of Saskatchewan Inc., together with its subsidiaries, produces and sells fertilizers and related industrial and feed products primarily in the United States and Canada. The company mines and produces potash, which is used as fertilizer. Potash Corporation of Saskatchewan has a market cap of $36.77 billion and is part of the
sector. The company has a P/E ratio of 12.2, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 3% year to date as of the close of trading on Tuesday. Currently there are 17 analysts that rate Potash Corporation of Saskatchewan a buy, one analyst rates it a sell, and five rate it a hold.
TheStreet Ratings rates Potash Corporation of Saskatchewan as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full Potash Corporation of Saskatchewan Ratings Report.
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) while those bearish on the chemicals industry could consider
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