Mosaic (NYSE:MOS)‘s stock had its “buy” rating reiterated by stock analysts at Bank of America in a report released on Thursday, Briefing.com Automated Import reports. They currently have a $34.00 price objective on the basic materials company’s stock, down from their prior price objective of $38.00. Bank of America‘s price objective would suggest a potential upside of 25.60% from the stock’s previous close.
Other analysts have also issued research reports about the stock. Berenberg Bank assumed coverage on shares of Mosaic in a research report on Tuesday, March 26th. They issued a “hold” rating and a $30.00 target price on the stock. UBS Group cut their target price on shares of Mosaic from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday, April 1st. Stifel Nicolaus raised their target price on shares of Mosaic from $31.00 to $33.00 and gave the company a “hold” rating in a research report on Tuesday, April 9th. BMO Capital Markets cut their target price on shares of Mosaic from $34.00 to $32.00 and set a “market perform” rating on the stock in a research report on Friday, March 29th. Finally, Barclays raised their target price on shares of Mosaic from $35.00 to $37.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 27th. Eleven analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $35.47.
NYSE MOS opened at $27.07 on Thursday. The company has a current ratio of 1.71, a quick ratio of 0.79 and a debt-to-equity ratio of 0.42. The company has a market cap of $10.43 billion, a P/E ratio of 12.77, a PEG ratio of 1.64 and a beta of 1.46. Mosaic has a 1 year low of $25.43 and a 1 year high of $37.37.
Mosaic (NYSE:MOS) last posted its quarterly earnings results on Monday, February 25th. The basic materials company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.20. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.36 billion. Mosaic had a net margin of 4.90% and a return on equity of 7.71%. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter last year, the business posted ($1.23) EPS. Equities analysts expect that Mosaic will post 2.32 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. raised its stake in shares of Mosaic by 15,370.1% during the fourth quarter. Meeder Asset Management Inc. now owns 43,935 shares of the basic materials company’s stock valued at $1,281,000 after acquiring an additional 43,651 shares during the last quarter. Sigma Planning Corp raised its stake in shares of Mosaic by 9.2% during the fourth quarter. Sigma Planning Corp now owns 8,642 shares of the basic materials company’s stock valued at $252,000 after acquiring an additional 725 shares during the last quarter. DNB Asset Management AS raised its stake in shares of Mosaic by 118.3% during the fourth quarter. DNB Asset Management AS now owns 101,318 shares of the basic materials company’s stock valued at $2,959,000 after acquiring an additional 54,908 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Mosaic by 27.1% during the third quarter. Nordea Investment Management AB now owns 58,053 shares of the basic materials company’s stock valued at $1,886,000 after acquiring an additional 12,367 shares during the last quarter. Finally, QUANTRES ASSET MANAGEMENT Ltd bought a new position in shares of Mosaic during the fourth quarter valued at $622,000. 78.40% of the stock is owned by hedge funds and other institutional investors.
Mosaic Company Profile
The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. 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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