Agricultural Chemicals Stocks Under Review -- Potash Corp. of Saskatchewan, Mosaic, CF Industries, and Monsanto
NEW YORK, August 16, 2016 /PRNewswire/ --
Agricultural Chemicals continue to move in a positive direction despite weak agricultural and energy demands, a depressed Chinese economy, and a stronger dollar. Driving the industry are higher demands in the automotive and construction segments, and an abundant shale supply. Stock-Callers.com reviews the following equities and see how they have performed over the last few trading sessions: Potash Corporation of Saskatchewan Inc. (NYSE: POT), The Mosaic Co. (NYSE: MOS), CF Industries Holdings Inc. (NYSE: CF), and Monsanto Co. (NYSE: MON). Learn more about these stocks by downloading their free research reports in PDF format at:
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Potash Corporation of Saskatchewan
At the close on Monday, shares in Saskatoon, Canada headquartered Potash Corporation of Saskatchewan Inc. rose 3.64%, ending the day at $16.80. The stock recorded a trading volume of 6.69 million shares. The Company's shares have advanced 6.14% in the previous three months and 3.82% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 1.84% and 0.14%, respectively. Moreover, shares of Potash Corporation of Saskatchewan, which together with its subsidiaries, produces and sells fertilizers, and related industrial and feed products worldwide, have a Relative Strength Index (RSI) of 55.39.
On July 28th, 2016, Potash Corp. reported Q2 2016 earnings of $0.14 per share, or $121 million, compared to earnings of $0.50 per share, or $417 million, in the year ago period. The company reported sales of $1.05 billion as compared to sales of $1.73 billion in the year ago quarter. Sign up and read the free research report on POT at:
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The Mosaic
Shares in Plymouth, Minnesota headquartered The Mosaic Co. ended the day 4.60% higher at $28.43 and with a total volume of 4.63 million shares traded. In the previous three months and on an YTD basis, the stock has gained 11.39% and 5.25%, respectively. The Company's shares are trading above their 50-day and 200-day moving averages by 4.49% and 4.49%, respectively. Furthermore, shares of Mosaic, which through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients primarily for the agricultural industry worldwide, have an RSI of 55.38.
On August 2nd, 2016, Mosaic reported a Q2 2016 net loss of $10 million, down from net earnings of $391 million in Q2 2015. Results in the quarter included after-tax charges of $69 million related to actions the company has taken to lower spending on capital projects and reduce expenses. Mosaic's net sales in Q2 2016 were $1.7 billion, down from $2.5 billion last year, reflecting lower potash and phosphate prices and lower sales volumes.
On August 02nd, 2016, research firm Credit Suisse downgraded the Company's stock rating from 'Neutral' to 'Underperform'. The complimentary research report on MOS can be downloaded at:
http://stock-callers.com/registration/?symbol=MOS
CF Industries Holdings
On Monday, shares in Deerfield, Illinois-based CF Industries Holdings Inc. finished 3.80% higher at $23.20 with a total volume of 4.95 million shares traded. The stock is trading below its 50-day moving average by 9.03%. Shares of the Company, which manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide, have an RSI of 45.34.
On August 3rd, 2016, CF Industries Holdings, announced Q2 2016 net earnings attributable to common stockholders of $47 million, or $0.20 per diluted share, the company's adjusted net earnings were $77 million, or $0.33 per diluted share. These results compare to second quarter 2015 net earnings attributable to common stockholders of $352 million, or $1.49 per diluted share, while adjusted net earnings were $380 million, or $1.61 per diluted share. Net sales decreased in Q2 2016 to $1.13 billion from $1.31 billion in the same period last year due to lower average selling prices across all segments. Register for free on Stock-Callers.com and access the latest report on CF at:
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Monsanto
St. Louis, Missouri headquartered Monsanto Co.'s stock recorded a trading volume of 1.14 million shares at the end of yesterday's session and closed the day at $104.98, dropping 0.26%. The stock has advanced 1.48% in the last one month, 7.40% in the previous three months, and 8.41% since the start of this year. The Company's shares are trading above their 200-day moving average by 9.83%. Additionally, shares of Monsanto, which together with its subsidiaries, provides agricultural products for farmers worldwide, have an RSI at 45.24.
On August 08th, 2016, research firm Monness Crespi & Hardt upgraded the Company's stock rating from 'Neutral' to 'Buy', issuing a target price of $130 per share.
On August 12th, 2016, Monsanto announced that its Board of Directors declared a quarterly dividend on its common stock of $0.54 per share. The dividend is payable on October 28th, 2016, to shareowners of record on October 7th, 2016. Get free access to your research report on MON at:
http://stock-callers.com/registration/?symbol=MON
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