Mosaic Company (The) (NYSE:MOS)‘s stock had its “market perform” rating restated by equities researchers at BMO Capital Markets in a research report issued on Wednesday. They currently have a $25.00 target price on the basic materials company’s stock, down from their previous target price of $26.00. BMO Capital Markets’ target price suggests a potential upside of 12.01% from the company’s previous close.
Several other brokerages also recently issued reports on MOS. Citigroup Inc. reduced their price objective on Mosaic Company (The) from $34.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, April 11th. Credit Suisse Group set a $20.00 price objective on Mosaic Company (The) and gave the stock a “sell” rating in a research note on Saturday, April 15th. Royal Bank Of Canada reduced their price objective on Mosaic Company (The) from $31.00 to $29.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 18th. Zacks Investment Research downgraded Mosaic Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, April 20th. Finally, BidaskClub downgraded Mosaic Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Six analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $25.38.
Mosaic Company (MOS) traded up 0.36% during mid-day trading on Wednesday, reaching $22.40. The company’s stock had a trading volume of 1,217,144 shares. The firm has a market capitalization of $7.86 billion, a price-to-earnings ratio of 53.33 and a beta of 1.24. Mosaic Company has a 1-year low of $21.78 and a 1-year high of $34.36. The firm has a 50-day moving average of $23.32 and a 200 day moving average of $26.87. Mosaic Company (The) also was the recipient of unusually large options trading on Tuesday. Investors purchased 574 call options on the stock. This is an increase of 160% compared to the typical volume of 221 call options.
Mosaic Company (The) (NYSE:MOS) last announced its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.04. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. Mosaic Company (The) had a return on equity of 3.31% and a net margin of 2.07%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 EPS. Equities analysts expect that Mosaic Company will post $1.07 earnings per share for the current year.
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In other news, Director Nancy E. Cooper sold 1,100 shares of the stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $23.39, for a total transaction of $25,729.00. Following the transaction, the director now owns 8,260 shares of the company’s stock, valued at approximately $193,201.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.38% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of MOS. Turner Investments LLC bought a new position in shares of Mosaic Company (The) during the first quarter worth approximately $158,000. Bronfman E.L. Rothschild L.P. raised its position in shares of 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 in the last quarter. Pacer Advisors Inc. raised its position in shares of 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 in the last quarter. CrestPoint Capital Management LLC bought a new position in shares of Mosaic Company (The) during the second quarter worth approximately $208,000. Finally, Greenwood Capital Associates LLC bought a new position in shares of Mosaic Company (The) during the first quarter worth approximately $211,000. 81.91% of the stock is currently owned by institutional investors and hedge funds.
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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