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

Mosaic (NYSE:MOS) had its price target lifted by investment analysts at CIBC from $32.00 to $33.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. CIBC’s target price indicates a potential upside of 1.01% from the company’s previous close.

Other analysts have also recently issued reports about the company. Barclays raised Mosaic from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $27.00 to $33.00 in a research report on Wednesday, March 19th. Mizuho reduced their price objective on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday, March 3rd. UBS Group lifted their target price on Mosaic from $28.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday. Piper Sandler reissued a “neutral” rating and set a $30.00 price objective on shares of Mosaic in a report on Thursday, March 27th. Finally, Scotiabank upped their price objective on Mosaic from $31.00 to $34.00 and gave the company a “sector outperform” rating in a research report on Wednesday, March 19th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Mosaic currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.17.

Mosaic Trading Up 1.3 %

NYSE MOS opened at $32.67 on Friday. The firm has a market cap of $10.35 billion, a PE ratio of 28.91, a price-to-earnings-growth ratio of 1.42 and a beta of 1.09. Mosaic has a 1-year low of $22.36 and a 1-year high of $32.71. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average of $27.13 and a 200-day moving average of $26.54.

Mosaic (NYSE:MOS) last posted its earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.70 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. Mosaic’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 earnings per share. As a group, sell-side analysts forecast that Mosaic will post 2.04 EPS for the current year.

Institutional Trading of Mosaic

Several institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. raised its position in shares of Mosaic by 30.3% during the third quarter. Franklin Resources Inc. now owns 300,338 shares of the basic materials company’s stock valued at $7,854,000 after buying an additional 69,763 shares during the last quarter. Czech National Bank raised its stake in shares of Mosaic by 6.1% in the fourth quarter. Czech National Bank now owns 68,872 shares of the basic materials company’s stock valued at $1,693,000 after acquiring an additional 3,963 shares during the period. 180 Wealth Advisors LLC lifted its stake in Mosaic by 35.6% in the fourth quarter. 180 Wealth Advisors LLC now owns 17,127 shares of the basic materials company’s stock worth $421,000 after purchasing an additional 4,495 shares during the last quarter. Oak Thistle LLC bought a new stake in shares of Mosaic during the 4th quarter worth approximately $640,000. Finally, Merit Financial Group LLC lifted its position in shares of Mosaic by 10.6% during the fourth quarter. Merit Financial Group LLC now owns 21,038 shares of the basic materials company’s stock worth $517,000 after purchasing an additional 2,008 shares during the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

About Mosaic

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.