Mosaic (NYSE:MOS) had its target price raised by equities research analysts at Scotiabank from $22.00 to $24.00 in a research report issued on Wednesday. The firm presently has a “sector perform” rating on the basic materials company’s stock. Scotiabank’s price target indicates a potential downside of 13.89% from the stock’s current price.
A number of other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Mosaic from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Cleveland Research raised shares of Mosaic from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 1st. JPMorgan Chase & Co. started coverage on shares of Mosaic in a research report on Friday, January 12th. They issued a “neutral” rating and a $26.00 price objective on the stock. Royal Bank of Canada increased their price objective on shares of Mosaic from $24.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Friday, January 12th. Finally, Stephens started coverage on shares of Mosaic in a research report on Friday, February 2nd. They issued an “overweight” rating on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $25.34.
Shares of Mosaic (MOS) traded up $1.11 during trading hours on Wednesday, hitting $27.87. 4,985,680 shares of the company were exchanged, compared to its average volume of 5,128,455. The company has a current ratio of 1.78, a quick ratio of 0.90 and a debt-to-equity ratio of 0.37. Mosaic has a 1 year low of $19.23 and a 1 year high of $33.59. The company has a market cap of $8,927.18, a P/E ratio of 28.96, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29.
Mosaic (NYSE:MOS) last announced its quarterly earnings results on Monday, February 19th. The basic materials company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.07. Mosaic had a net margin of 4.68% and a return on equity of 3.61%. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last year, the firm earned $0.03 EPS. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. equities research analysts predict that Mosaic will post 1.01 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the company. Janus Henderson Group PLC increased its holdings in Mosaic by 16.3% during the third quarter. Janus Henderson Group PLC now owns 362,064 shares of the basic materials company’s stock valued at $7,817,000 after buying an additional 50,776 shares during the period. Westpac Banking Corp increased its holdings in Mosaic by 32.6% during the fourth quarter. Westpac Banking Corp now owns 107,355 shares of the basic materials company’s stock valued at $2,755,000 after buying an additional 26,390 shares during the period. State of Alaska Department of Revenue increased its holdings in Mosaic by 32.3% during the fourth quarter. State of Alaska Department of Revenue now owns 71,980 shares of the basic materials company’s stock valued at $1,845,000 after buying an additional 17,560 shares during the period. Copper Rock Capital Partners LLC purchased a new position in Mosaic during the fourth quarter valued at approximately $10,100,000. Finally, Engineers Gate Manager LP purchased a new position in Mosaic during the third quarter valued at approximately $595,000. 77.42% of the stock is currently owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: “Mosaic (MOS) Price Target Raised to $24.00 at Scotiabank” was first reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://www.thelincolnianonline.com/2018/02/21/mosaic-mos-price-target-raised-to-24-00-at-scotiabank.html.
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.
Receive News & Ratings for Mosaic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mosaic and related companies with MarketBeat.com's FREE daily email newsletter.