Mosaic (NYSE:MOS) had its price objective boosted by investment analysts at Cowen from $21.00 to $24.00 in a report released on Wednesday, November 22nd, Marketbeat reports. The brokerage currently has a “market perform” rating on the basic materials company’s stock. Cowen’s target price indicates a potential upside of 0.54% from the company’s current price.
A number of other analysts have also recently commented on the stock. Royal Bank Of Canada lowered their price objective on shares of Mosaic to C$23.00 and set a “sector perform” rating for the company in a research report on Thursday, August 3rd. Stifel Nicolaus reiterated a “hold” rating and set a $24.00 target price on shares of Mosaic in a report on Thursday, October 12th. Zacks Investment Research cut Mosaic from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Cleveland Research upgraded Mosaic from a “neutral” rating to a “buy” rating in a report on Wednesday, November 1st. Finally, Piper Jaffray Companies set a $23.00 target price on Mosaic and gave the stock a “hold” rating in a report on Friday, October 6th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. Mosaic presently has a consensus rating of “Hold” and an average target price of $23.91.
Mosaic (NYSE:MOS) traded up $0.46 during trading hours on Wednesday, reaching $23.87. The company’s stock had a trading volume of 5,424,248 shares, compared to its average volume of 4,472,755. The firm has a market cap of $8,369.01, a P/E ratio of 23.37, a price-to-earnings-growth ratio of 2.49 and a beta of 1.31. Mosaic has a 12-month low of $19.23 and a 12-month high of $34.36. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.90 and a current ratio of 1.78.
Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, October 31st. The basic materials company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.25 by $0.18. Mosaic had a net margin of 4.68% and a return on equity of 3.61%. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the previous year, the company posted $0.41 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. analysts forecast that Mosaic will post 1.01 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Shelton Capital Management increased its holdings in shares of Mosaic by 17.8% during the third quarter. Shelton Capital Management now owns 186,568 shares of the basic materials company’s stock worth $4,028,000 after purchasing an additional 28,200 shares during the period. Steward Partners Investment Advisory LLC bought a new position in shares of Mosaic during the third quarter worth approximately $663,000. Moors & Cabot Inc. increased its holdings in shares of Mosaic by 7.2% during the third quarter. Moors & Cabot Inc. now owns 47,567 shares of the basic materials company’s stock worth $1,028,000 after purchasing an additional 3,183 shares during the period. California Public Employees Retirement System increased its holdings in shares of Mosaic by 5.9% during the third quarter. California Public Employees Retirement System now owns 1,110,509 shares of the basic materials company’s stock worth $23,976,000 after purchasing an additional 61,920 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Mosaic by 27.4% during the third quarter. Janney Montgomery Scott LLC now owns 34,018 shares of the basic materials company’s stock worth $734,000 after purchasing an additional 7,326 shares during the period. 76.94% of the stock is currently owned by institutional investors.
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Mosaic 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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