Analysts Set The Mosaic Company (NYSE:MOS) Price Target at $32.33

The Mosaic Company (NYSE:MOS) has received a consensus rating of “Moderate Buy” from the eighteen research firms that are covering the firm, Marketbeat reports. Ten analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $32.1333.

A number of equities analysts recently issued reports on the stock. Oppenheimer decreased their target price on shares of Mosaic from $40.00 to $35.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. UBS Group reduced their price target on shares of Mosaic from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. The Goldman Sachs Group lowered their price objective on shares of Mosaic from $37.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. BNP Paribas Exane cut their target price on Mosaic from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, November 24th. Finally, Royal Bank Of Canada set a $27.00 price target on Mosaic in a research note on Wednesday.

Hedge Funds Weigh In On Mosaic

Hedge funds have recently made changes to their positions in the business. Scotia Capital Inc. increased its stake in shares of Mosaic by 395.1% in the second quarter. Scotia Capital Inc. now owns 87,556 shares of the basic materials company’s stock worth $3,194,000 after purchasing an additional 69,873 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in Mosaic by 65.7% during the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 157,267 shares of the basic materials company’s stock valued at $5,682,000 after purchasing an additional 62,338 shares during the period. US Bancorp DE grew its holdings in Mosaic by 204.1% in the 2nd quarter. US Bancorp DE now owns 43,080 shares of the basic materials company’s stock valued at $1,572,000 after buying an additional 28,912 shares during the last quarter. Vinva Investment Management Ltd bought a new position in Mosaic in the 2nd quarter worth approximately $621,000. Finally, HB Wealth Management LLC bought a new position in Mosaic in the 2nd quarter worth approximately $252,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Stock Up 3.9%

Shares of Mosaic stock opened at $26.17 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.40. Mosaic has a 1-year low of $22.36 and a 1-year high of $38.23. The business’s fifty day moving average price is $27.10 and its two-hundred day moving average price is $32.14. The company has a market capitalization of $8.31 billion, a P/E ratio of 6.78, a PEG ratio of 0.60 and a beta of 0.94.

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

Mosaic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a $0.22 dividend. The ex-dividend date is Thursday, December 4th. This represents a $0.88 annualized dividend and a yield of 3.4%. Mosaic’s payout ratio is 22.80%.

Mosaic Company Profile

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 Mosaic Fertilizantes. 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, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.