Mosaic (NYSE:MOS) had its target price hoisted by Royal Bank of Canada from $35.00 to $36.00 in a research note issued to investors on Thursday morning, Marketbeat reports. They currently have a buy rating on the basic materials company’s stock.
Several other equities analysts have also weighed in on the stock. Credit Suisse Group lifted their target price on shares of Mosaic from $25.00 to $26.00 and gave the company an underperform rating in a report on Wednesday. BMO Capital Markets reaffirmed a hold rating and set a $30.00 target price (up from $28.00) on shares of Mosaic in a report on Tuesday, August 7th. Zacks Investment Research raised shares of Mosaic from a hold rating to a buy rating and set a $32.00 price target for the company in a report on Tuesday, July 24th. Bank of America raised shares of Mosaic from an underperform rating to a buy rating and boosted their price target for the stock from $24.00 to $35.00 in a report on Tuesday, July 24th. Finally, Citigroup boosted their price target on shares of Mosaic from $30.00 to $31.00 and gave the stock a neutral rating in a report on Wednesday, July 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $30.32.
Shares of Mosaic traded down $0.57, hitting $31.49, during trading on Thursday, Marketbeat reports. 4,070,649 shares of the stock traded hands, compared to its average volume of 4,366,825. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.61 and a quick ratio of 0.80. The firm has a market cap of $12.36 billion, a price-to-earnings ratio of 28.89, a price-to-earnings-growth ratio of 2.86 and a beta of 1.48. Mosaic has a 52-week low of $19.23 and a 52-week high of $32.32.
Mosaic (NYSE:MOS) last posted its earnings results on Monday, August 6th. The basic materials company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.30 billion. Mosaic had a negative net margin of 1.14% and a positive return on equity of 4.88%. The business’s quarterly revenue was up 25.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 EPS. sell-side analysts anticipate that Mosaic will post 1.63 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asia Hong Kong Ltd acquired a new stake in Mosaic during the 1st quarter worth $105,000. Penserra Capital Management LLC boosted its stake in Mosaic by 296.8% during the 1st quarter. Penserra Capital Management LLC now owns 4,166 shares of the basic materials company’s stock worth $107,000 after purchasing an additional 3,116 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in Mosaic during the 2nd quarter worth $115,000. Acadian Asset Management LLC acquired a new stake in Mosaic during the 2nd quarter worth $144,000. Finally, Whittier Trust Co. boosted its stake in Mosaic by 123.2% during the 2nd quarter. Whittier Trust Co. now owns 3,370 shares of the basic materials company’s stock worth $167,000 after purchasing an additional 1,860 shares during the last quarter. 72.16% of the stock is owned by institutional investors.
Mosaic Company Profile
The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. The company operates through three segments: Phosphates, Potash, and International Distribution. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names.
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