The Mosaic Company (NYSE:MOS) Receives $27.39 Consensus Price Target from Brokerages

The Mosaic Company (NYSE:MOS) has been assigned an average recommendation of “Hold” from the twenty-one research firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $27.1111.

MOS has been the subject of a number of recent research reports. Wells Fargo & Company cut their price objective on Mosaic from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, May 14th. Royal Bank Of Canada upgraded shares of Mosaic from a “sector perform” rating to an “outperform” rating and decreased their target price for the stock from $28.00 to $27.00 in a research note on Wednesday, May 13th. Mizuho lowered their price target on shares of Mosaic from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. JPMorgan Chase & Co. dropped their price target on shares of Mosaic from $24.00 to $19.00 and set an “underweight” rating for the company in a research report on Tuesday, May 12th. Finally, Wall Street Zen raised shares of Mosaic from a “strong sell” rating to a “sell” rating in a research note on Saturday.

Mosaic Price Performance

MOS opened at $21.09 on Friday. The firm has a market cap of $6.70 billion, a PE ratio of 162.28, a P/E/G ratio of 2.51 and a beta of 0.82. Mosaic has a 1 year low of $19.80 and a 1 year high of $38.23. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 0.45. The stock has a 50-day moving average price of $22.40 and a 200-day moving average price of $25.10.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Monday, May 11th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). Mosaic had a net margin of 0.36% and a return on equity of 4.66%. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the previous year, the business earned $0.49 EPS. The business’s revenue was up 14.4% compared to the same quarter last year. Sell-side analysts predict that Mosaic will post 0.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mosaic

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its position in shares of Mosaic by 632.6% during the 3rd quarter. AQR Capital Management LLC now owns 8,447,324 shares of the basic materials company’s stock valued at $291,348,000 after buying an additional 7,294,205 shares in the last quarter. Norges Bank purchased a new position in Mosaic in the fourth quarter worth about $103,129,000. Invesco Ltd. increased its stake in Mosaic by 28.9% during the fourth quarter. Invesco Ltd. now owns 11,840,398 shares of the basic materials company’s stock worth $285,235,000 after acquiring an additional 2,653,969 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Mosaic by 252.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,240,652 shares of the basic materials company’s stock valued at $82,637,000 after purchasing an additional 2,320,605 shares during the period. Finally, Merewether Investment Management LP purchased a new stake in Mosaic during the second quarter valued at approximately $72,380,000. 77.54% of the stock is owned by institutional investors.

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.