Big Fertilizer Names Hit By Citi Downgrades (POT, MOS, CF, AGU, IPI, MON)

Tickerspy’s Fertilizer Index

FERTILIZER INVESTING IDEAS

• Popular long ideas: POT, MOS, MON
• Popular short ideas: POT, MOS, MON
• Top dividend plays: TNH, YARIY, POT
• Pro favorites: MON, POT, CF

Sign up and track the Fertilizer Index performance

FERTILIZER COVERAGE

From fertilizers to pesticides, these chemicals are essential elements of argicultural production

• Limited Global Production Powers Potash Higher (POT, CF, CAGC, CGA, TNH, IPI)
• Brisk Day Of Analyst Chatter On Agriculture Stocks (MON, IPI, MOS, AGU, POT, CF)
• Potash is in the Drivers Seat (POT, MOS, MON, SMG, TNH, IPI)

FERTILIZER CHART

FERTILIZER METRICS

Avg. Market Cap:	$14.0B
Avg. P/E Ratio:	16.2
Avg. Div Yield:	2.0%

Citigroup is out with some comments on a pair of big fertilizer names today and the news is not bullish. That may be what’s behind a glum performance for the Agricultural Chemical and Fertilizer Stocks Index, which is down 1.1%. The Index is down about 5% in the past month.

Citigroup pared its ratings on Potash Corp of Saskatchew (POT), the world’s largest fertilizer producer, and Mosaic Company (MOS), North America’s second-largest producer of crop nutrients, to “hold” from “buy,” citing valuation and a lack of near-term catalysts. Citi lowered its price target on Potash to $60 from $67 and reduced its price target on Mosaic to $84 from $92. Shares of Mosaic are down 2% while Potash is lower by 3%.

CF Industries Holdings (CF) is down 1% despite analyst Gleacher saying the stock’s valuation is “compelling.” The research firm has a “buy” rating and $165 price target on CF Industries.

Agrium (AGU) is also down 1% while Intrepid Potash (IPI) and Monsanto Company (MON) are both down 3%.

Investors can track the Agricultural Chemical and Fertilizer Stocks Index for performance trends and a suite of other metrics at tickerspy.com.

Tags: AGU, CF, IPI, MON, MOS, POT