Mosaic (NYSE:MOS) Price Target Lowered to $36.00 at Wolfe Research

Mosaic (NYSE:MOS) had its price target dropped by analysts at Wolfe Research from $37.00 to $36.00 in a report issued on Thursday,MarketScreener reports. The brokerage currently has an “outperform” rating on the basic materials company’s stock. Wolfe Research’s price objective would indicate a potential upside of 29.57% from the stock’s previous close.

MOS has been the subject of a number of other reports. Scotiabank raised shares of Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $36.00 price objective for the company in a research report on Monday, February 2nd. BNP Paribas Exane reduced their target price on Mosaic from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, November 24th. Barclays dropped their price target on Mosaic from $35.00 to $31.00 and set an “overweight” rating on the stock in a report on Tuesday, December 9th. UBS Group decreased their price objective on shares of Mosaic from $38.00 to $33.00 and set a “buy” rating for the company in a report on Monday, January 12th. Finally, Mizuho raised their target price on Mosaic from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Mosaic presently has a consensus rating of “Hold” and a consensus target price of $31.00.

Mosaic Stock Up 2.3%

Shares of NYSE:MOS opened at $27.79 on Thursday. The stock has a market cap of $8.82 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 1.26 and a beta of 0.97. The business’s 50 day moving average is $27.21 and its 200 day moving average is $28.74. Mosaic has a 12-month low of $22.36 and a 12-month high of $38.23. The company has a quick ratio of 0.40, a current ratio of 1.32 and a debt-to-equity ratio of 0.35.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.26). Mosaic had a net margin of 4.49% and a return on equity of 5.80%. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter last year, the business posted $0.45 earnings per share. Mosaic’s revenue was up 5.6% on a year-over-year basis. On average, sell-side analysts forecast that Mosaic will post 2.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mosaic

A number of institutional investors and hedge funds have recently bought and sold shares of MOS. TD Waterhouse Canada Inc. grew its position in shares of Mosaic by 2.8% during the second quarter. TD Waterhouse Canada Inc. now owns 12,149 shares of the basic materials company’s stock worth $447,000 after purchasing an additional 333 shares in the last quarter. Cary Street Partners Financial LLC lifted its position in Mosaic by 2.0% during the 4th quarter. Cary Street Partners Financial LLC now owns 19,604 shares of the basic materials company’s stock worth $472,000 after acquiring an additional 380 shares during the period. NewEdge Advisors LLC grew its stake in Mosaic by 27.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 380 shares during the last quarter. Foster Dykema Cabot & Partners LLC increased its holdings in shares of Mosaic by 54.3% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 1,157 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 407 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in shares of Mosaic by 57.6% in the third quarter. Smartleaf Asset Management LLC now owns 1,135 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 415 shares during the last quarter. 77.54% of the stock is owned by institutional investors.

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.