Mizuho Forecasts Strong Price Appreciation for Mosaic (NYSE:MOS) Stock

Mosaic (NYSE:MOS) had its price objective boosted by investment analysts at Mizuho from $28.00 to $30.00 in a research note issued on Wednesday,MarketScreener reports. The brokerage currently has a “neutral” rating on the basic materials company’s stock. Mizuho’s price objective would suggest a potential upside of 10.51% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Mosaic from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday, January 23rd. The Goldman Sachs Group increased their price target on Mosaic from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of Mosaic in a report on Monday, December 29th. Canadian Imperial Bank of Commerce lowered their target price on Mosaic from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Finally, Barclays decreased their price target on Mosaic from $35.00 to $31.00 and set an “overweight” rating for the company in a report on Tuesday, December 9th. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $31.13.

Mosaic Stock Performance

MOS traded up $0.17 on Wednesday, reaching $27.15. 1,073,189 shares of the stock were exchanged, compared to its average volume of 6,776,505. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.40. The company’s 50-day moving average price is $27.07 and its 200 day moving average price is $28.79. The firm has a market capitalization of $8.62 billion, a PE ratio of 16.05, a PEG ratio of 1.32 and a beta of 0.97. Mosaic has a fifty-two week low of $22.36 and a fifty-two week high of $38.23.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.26). The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Mosaic had a return on equity of 5.77% and a net margin of 4.49%.The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 earnings per share. As a group, sell-side analysts forecast that Mosaic will post 2.04 EPS for the current fiscal year.

Institutional Trading of Mosaic

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Mosaic by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 39,123,171 shares of the basic materials company’s stock valued at $942,477,000 after purchasing an additional 461,524 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Mosaic by 6.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 13,407,136 shares of the basic materials company’s stock valued at $322,979,000 after purchasing an additional 830,985 shares during the last quarter. State Street Corp grew its stake in shares of Mosaic by 1.9% in the 4th quarter. State Street Corp now owns 13,174,708 shares of the basic materials company’s stock valued at $317,379,000 after buying an additional 240,146 shares during the period. Invesco Ltd. increased its holdings in shares of Mosaic by 28.9% during the 4th quarter. Invesco Ltd. now owns 11,840,398 shares of the basic materials company’s stock worth $285,235,000 after buying an additional 2,653,969 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Mosaic by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 8,479,395 shares of the basic materials company’s stock worth $203,916,000 after buying an additional 63,822 shares during the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

About Mosaic

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.