Mosaic (NYSE:MOS)‘s stock had its “hold” rating reaffirmed by Barclays in a research note issued on Thursday, AnalystRatings.com reports. They presently have a $28.00 target price on the basic materials company’s stock. Barclays‘s price objective indicates a potential upside of 18.34% from the stock’s previous close.
A number of other analysts also recently issued reports on the company. Zacks Investment Research downgraded Mosaic from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. Royal Bank of Canada cut their target price on shares of Mosaic from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday. ValuEngine downgraded shares of Mosaic from a “sell” rating to a “strong sell” rating in a research note on Wednesday. BMO Capital Markets cut their target price on shares of Mosaic from $34.00 to $32.00 and set a “market perform” rating for the company in a research note on Friday, March 29th. Finally, Bank of America reiterated a “buy” rating and issued a $34.00 target price (down from $38.00) on shares of Mosaic in a research note on Thursday, April 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $33.80.
MOS stock traded down $0.27 during midday trading on Thursday, reaching $23.66. The stock had a trading volume of 340,302 shares, compared to its average volume of 4,139,866. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.79 and a current ratio of 1.71. The firm has a market capitalization of $9.88 billion, a P/E ratio of 11.16, a PEG ratio of 1.69 and a beta of 1.42. Mosaic has a 52-week low of $22.83 and a 52-week high of $37.37.
Mosaic (NYSE:MOS) last issued its earnings results on Monday, May 6th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. Mosaic had a return on equity of 7.71% and a net margin of 4.90%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the company earned $0.20 EPS. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, equities analysts forecast that Mosaic will post 2.17 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new position in Mosaic in the fourth quarter valued at approximately $143,363,000. Boston Partners boosted its stake in Mosaic by 51.1% in the fourth quarter. Boston Partners now owns 14,243,641 shares of the basic materials company’s stock valued at $416,057,000 after acquiring an additional 4,814,199 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Mosaic by 3,480.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,688,263 shares of the basic materials company’s stock worth $161,000 after acquiring an additional 4,557,338 shares during the period. FMR LLC grew its holdings in shares of Mosaic by 23.0% during the 4th quarter. FMR LLC now owns 17,982,539 shares of the basic materials company’s stock valued at $525,270,000 after purchasing an additional 3,363,282 shares during the last quarter. Finally, Millennium Management LLC boosted its position in Mosaic by 439.3% during the 4th quarter. Millennium Management LLC now owns 3,744,249 shares of the basic materials company’s stock valued at $109,370,000 after buying an additional 3,049,952 shares during the period. 78.13% of the stock is currently owned by hedge funds and other institutional investors.
The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and International Distribution. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names.
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