Analysts Set The Mosaic Company (NYSE:MOS) Target Price at $31.50

Shares of The Mosaic Company (NYSE:MOS) have been assigned an average rating of “Hold” from the eighteen ratings firms that are covering the firm, Marketbeat reports. Twelve investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $31.50.

MOS has been the subject of several analyst reports. HSBC cut their price target on shares of Mosaic from $35.00 to $26.00 and set a “hold” rating for the company in a report on Monday, November 24th. CIBC reduced their price target on shares of Mosaic from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Wolfe Research reduced their price objective on Mosaic from $41.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. Royal Bank Of Canada lifted their target price on shares of Mosaic from $27.00 to $29.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 20th. Finally, JPMorgan Chase & Co. lowered their price target on Mosaic from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, December 5th.

Mosaic Stock Performance

NYSE MOS opened at $27.47 on Thursday. The company has a current ratio of 1.14, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. The company has a fifty day simple moving average of $25.35 and a 200 day simple moving average of $29.58. The company has a market cap of $8.72 billion, a P/E ratio of 7.12, a PEG ratio of 1.27 and a beta of 0.94. Mosaic has a 12-month low of $22.36 and a 12-month high of $38.23.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.01. The business had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.87 billion. Mosaic had a net margin of 10.33% and a return on equity of 6.46%. The firm’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 earnings per share. Sell-side analysts predict that Mosaic will post 2.04 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 9th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, March 9th. Mosaic’s payout ratio is presently 22.80%.

Institutional Trading of Mosaic

A number of hedge funds have recently modified their holdings of the business. Fiduciary Alliance LLC purchased a new position in shares of Mosaic during the third quarter valued at about $1,969,000. Scotia Capital Inc. increased its position in shares of Mosaic by 395.1% during the 2nd quarter. Scotia Capital Inc. now owns 87,556 shares of the basic materials company’s stock valued at $3,194,000 after purchasing an additional 69,873 shares during the last quarter. Hussman Strategic Advisors Inc. bought a new stake in shares of Mosaic in the 3rd quarter worth about $2,913,000. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in Mosaic by 65.7% in the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 157,267 shares of the basic materials company’s stock worth $5,682,000 after purchasing an additional 62,338 shares during the last quarter. Finally, Gradient Investments LLC bought a new stake in shares of Mosaic during the 3rd quarter worth approximately $12,678,000. Institutional investors own 77.54% of the company’s stock.

Mosaic Company Profile

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.