23.12.2016 13:00:00
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Agricultural Chemicals Stocks Under Review -- Potash Corp., CF Industries, Mosaic, and Monsanto
NEW YORK, December 23, 2016 /PRNewswire/ --
For today, Stock-Callers.com has initiated reports coverage on Potash Corp. of Saskatchewan Inc. (NYSE: POT), CF Industries Holdings Inc. (NYSE: CF), The Mosaic Co. (NYSE: MOS), and Monsanto Co. (NYSE: MON). According to research firm Zacks, outlook for the Fertilizer and Agricultural Chemicals space remains cloudy due to continued weakness in crop commodity prices and sluggish economic conditions in certain developing markets, particularly Brazil. Nevertheless, the industry's recovery is expected to continue heading into 2017, supported by continued strength in the light vehicles market, positive trends in the construction space, and significant shale-linked capital investment. Learn more about these stocks by downloading their free research reports in PDF format at:
http://stock-callers.com/registration
Potash Corp. of Saskatchewan
On Thursday, shares in Canada headquartered Potash Corp. of Saskatchewan Inc. recorded a trading volume of 3.69 million shares. The stock ended the day at $18.13, rising 0.78% from the last trading session. The Company's shares have advanced 1.34% in the last one month, 14.37% in the previous three months, and 12.73% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.23% and 8.62%, respectively. Furthermore, shares of Potash Corp., which together with its subsidiaries, produces and sells fertilizers, and related industrial and feed products worldwide, have a Relative Strength Index (RSI) of 50.34.
As per a SEC filing dated 06th December, 2016, Potash entered into a terms agreement with Morgan Stanley & Co. LLC, as lead underwriter of the several underwriters, on December 01st, 2016, under which Potash agreed to issue and sell to the several underwriters $500,000,000 aggregate principal amount of Potash's 4.000% Notes due December 15th, 2026. The issuance of the Notes and payment therefor occurred on December 06th, 2016.
On December 09th, 2016, research firm Cowen reiterated its 'Underperform' rating on the Company's stock with an increase of the target price from $12 to $15. Sign up and read the free research report on POT at:
http://stock-callers.com/registration/?symbol=POT
CF Industries
Deerfield, Illinois-based CF Industries Holdings Inc.'s stock jumped 4.19%, finishing yesterday's session at $30.11 with a total trading volume of 4.33 million shares. The Company's shares have gained 6.06% in the last month and 34.58% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 13.04% and 12.28%, respectively. Additionally, shares of CF Industries Holdings, which manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide, have an RSI of 58.73.
On November 21st, 2016, CF Industries announced that it has prepaid $1.0 billion aggregate principal amount of its senior notes due 2022, 2025 and 2027, and paid the related make-whole amount of approximately $170 million. CF Industries made the payments from the proceeds of previously announced offering of $1,250,000,000 aggregate principal amount of senior secured notes comprising $500,000,000 aggregate principal amount of senior secured notes due 2021 and $750,000,000 aggregate principal amount of senior secured notes due 2026.
On December 12th, 2016, research firm Barclays downgraded the Company's stock rating from 'Overweight' to 'Equal Weight' while revising its previous target price from $25 to $30. The complimentary research report on CF can be downloaded at:
http://stock-callers.com/registration/?symbol=CF
Mosaic
Shares in Plymouth, Minnesota headquartered The Mosaic Co. ended Thursday's session 1.98% higher at $29.35. The stock recorded a trading volume of 5.72 million shares, which was above its three months average volume of 5.28 million shares. The Company's shares have gained 8.32% in the last one month, 19.45% in the previous three months, and 10.79% since the start of this year. The stock is trading 10.18% above its 50-day moving average and 10.94% above its 200-day moving average. Moreover, 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 56.12.
On December 09th, 2016, research firm Cowen reiterated its 'Underperform' rating on the Company's stock with an increase of the target price from $21 to $25.
On December 19th, 2016, Mosaic announced that it will acquire Vale S.A.'s Vale Fertilizantes business for an aggregate purchase price valued at $2.5 billion. Upon closing the acquisition, Mosaic expects to become the leading fertilizer production and distribution company in Brazil. Register for free on Stock-Callers.com and access the latest report on MOS at:
http://stock-callers.com/registration/?symbol=MOS
Monsanto
At the close, St. Louis, Missouri headquartered Monsanto Co.'s stock climbed 0.11%, finishing at $105.33. A total volume of 1.19 million shares was traded. The Company's shares have gained 3.52% in the last month, 2.31% over the previous three months, and 9.35% on an YTD basis. The stock is trading 3.15% and 4.76% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Monsanto, which together with its subsidiaries, provides agricultural products for farmers worldwide, have an RSI of 64.60. Get free access to your research report on MON at:
http://stock-callers.com/registration/?symbol=MON
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CF Industries Holdings Inc | 83,52 | -2,79% | |
The Mosaic Co | 24,18 | -2,64% |