Mosaic (NYSE:MOS) Given a $28.00 Price Target at Royal Bank Of Canada

Mosaic (NYSE:MOS) has been assigned a $28.00 price objective by equities researchers at Royal Bank Of Canada in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the basic materials company’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 6.31% from the stock’s current price.

Several other equities research analysts also recently commented on the stock. UBS Group downgraded shares of Mosaic from a “buy” rating to a “neutral” rating and reduced their target price for the company from $33.00 to $27.00 in a research note on Thursday, March 26th. Canadian Imperial Bank of Commerce raised their target price on shares of Mosaic from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. Oppenheimer set a $35.00 price target on shares of Mosaic in a research report on Friday, January 16th. Wells Fargo & Company cut their price target on shares of Mosaic from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday, January 23rd. Finally, Barclays reiterated an “equal weight” rating and issued a $31.00 price target on shares of Mosaic in a research report on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $30.27.

Mosaic Stock Performance

MOS traded down $0.17 during trading on Tuesday, reaching $26.34. 3,507,549 shares of the company’s stock were exchanged, compared to its average volume of 8,932,405. Mosaic has a fifty-two week low of $22.37 and a fifty-two week high of $38.23. The company has a quick ratio of 0.47, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average price of $27.63 and a 200 day moving average price of $27.51. The company has a market capitalization of $8.36 billion, a P/E ratio of 15.58, a PEG ratio of 2.67 and a beta of 0.95.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26). Mosaic had a return on equity of 5.80% and a net margin of 4.49%.The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the prior year, the firm earned $0.45 EPS. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, analysts predict that Mosaic will post 2.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mosaic

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Mosaic by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 39,123,171 shares of the basic materials company’s stock worth $942,477,000 after acquiring an additional 461,524 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Mosaic by 6.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 13,407,136 shares of the basic materials company’s stock worth $322,979,000 after acquiring an additional 830,985 shares in the last quarter. State Street Corp grew its stake in shares of Mosaic by 1.9% in the fourth quarter. State Street Corp now owns 13,174,708 shares of the basic materials company’s stock valued at $317,379,000 after buying an additional 240,146 shares in the last quarter. Invesco Ltd. grew its stake in shares of Mosaic by 28.9% in the fourth quarter. Invesco Ltd. now owns 11,840,398 shares of the basic materials company’s stock valued at $285,235,000 after buying an additional 2,653,969 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Mosaic by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 8,479,395 shares of the basic materials company’s stock valued at $203,916,000 after buying an additional 63,822 shares in the last quarter. 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.