BMO Capital Markets restated their market perform rating on shares of Mosaic Company (The) (NYSE:MOS) in a research report released on Wednesday, August 2nd. The brokerage currently has a $25.00 target price on the basic materials company’s stock, down from their previous target price of $26.00.
MOS has been the topic of several other reports. Citigroup Inc. lowered their price target on Mosaic Company (The) from $34.00 to $31.00 and set a neutral rating on the stock in a research report on Tuesday, April 11th. Zacks Investment Research cut Mosaic Company (The) from a hold rating to a strong sell rating in a research report on Tuesday, July 4th. Royal Bank Of Canada decreased their target price on Mosaic Company (The) from $25.00 to $23.00 and set a sector perform rating on the stock in a report on Wednesday, August 2nd. BidaskClub upgraded Mosaic Company (The) from a sell rating to a hold rating in a report on Tuesday, June 27th. Finally, Credit Suisse Group restated a sell rating and issued a $19.00 target price on shares of Mosaic Company (The) in a report on Monday, May 15th. Seven equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. Mosaic Company (The) presently has an average rating of Hold and an average target price of $25.36.
Shares of Mosaic Company (NYSE:MOS) opened at 20.34 on Wednesday. Mosaic Company has a 52-week low of $20.06 and a 52-week high of $34.36. The stock has a market capitalization of $7.14 billion, a P/E ratio of 48.43 and a beta of 1.24. The firm’s 50-day moving average price is $23.09 and its 200-day moving average price is $26.43.
Mosaic Company (The) (NYSE:MOS) last issued its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.04. Mosaic Company (The) had a return on equity of 3.31% and a net margin of 2.07%. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same period last year, the firm earned $0.06 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities analysts forecast that Mosaic Company will post $1.07 earnings per share for the current fiscal year.
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In other Mosaic Company (The) news, Director Nancy E. Cooper sold 1,100 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $23.39, for a total value of $25,729.00. Following the completion of the sale, the director now owns 8,260 shares of the company’s stock, valued at $193,201.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.38% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the company. Turner Investments LLC bought a new stake in shares of Mosaic Company (The) during the first quarter worth $158,000. Bronfman E.L. Rothschild L.P. raised its position in Mosaic Company (The) by 878.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 6,007 shares of the basic materials company’s stock worth $175,000 after buying an additional 5,393 shares during the last quarter. Pacer Advisors Inc. raised its position in Mosaic Company (The) by 3.6% in the first quarter. Pacer Advisors Inc. now owns 6,779 shares of the basic materials company’s stock worth $198,000 after buying an additional 234 shares during the last quarter. Greenwood Capital Associates LLC acquired a new position in Mosaic Company (The) during the first quarter worth approximately $211,000. Finally, Investment Centers of America Inc. raised its position in Mosaic Company (The) by 1.7% in the first quarter. Investment Centers of America Inc. now owns 8,121 shares of the basic materials company’s stock worth $238,000 after buying an additional 132 shares during the last quarter. 80.64% of the stock is owned by institutional investors.
Mosaic Company (The) Company Profile
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.
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