Mosaic (NYSE:MOS) Price Target Lowered to $29.00 at BNP Paribas Exane

Mosaic (NYSE:MOS) had its price objective dropped by analysts at BNP Paribas Exane from $30.00 to $29.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The firm presently has an “outperform” rating on the basic materials company’s stock. BNP Paribas Exane’s price target points to a potential upside of 24.01% from the company’s current price.

A number of other equities research analysts also recently weighed in on the stock. The Goldman Sachs Group cut their price target on shares of Mosaic from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Bank of America downgraded shares of Mosaic from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $33.00 to $30.00 in a research note on Friday, March 20th. Canadian Imperial Bank of Commerce set a $25.00 price objective on Mosaic in a report on Tuesday, May 12th. Mizuho decreased their price target on shares of Mosaic from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Finally, Wolfe Research dropped their price objective on shares of Mosaic from $37.00 to $36.00 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. Six research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mosaic has a consensus rating of “Hold” and a consensus price target of $27.41.

Mosaic Price Performance

Shares of NYSE MOS traded up $0.70 during mid-day trading on Monday, reaching $23.39. The company had a trading volume of 2,063,440 shares, compared to its average volume of 8,835,955. Mosaic has a 1-year low of $19.80 and a 1-year high of $38.23. The company has a 50-day moving average price of $23.36 and a two-hundred day moving average price of $25.37. The company has a current ratio of 1.25, a quick ratio of 0.45 and a debt-to-equity ratio of 0.36. The stock has a market cap of $7.43 billion, a PE ratio of 179.91, a P/E/G ratio of 2.68 and a beta of 0.79.

Mosaic (NYSE:MOS) last issued its 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 analyst estimates of $2.93 billion. During the same period last year, the business earned $0.49 EPS. The company’s quarterly revenue was up 14.4% on a year-over-year basis. On average, equities analysts anticipate that Mosaic will post 0.83 earnings per share for the current year.

Hedge Funds Weigh In On Mosaic

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Brandywine Financial Group acquired a new position in shares of Mosaic during the first quarter valued at about $6,757,000. NewEdge Advisors LLC grew its stake in shares of Mosaic by 757.5% during the 1st quarter. NewEdge Advisors LLC now owns 11,370 shares of the basic materials company’s stock worth $290,000 after acquiring an additional 10,044 shares during the period. Verus Capital Partners LLC purchased a new position in shares of Mosaic in the first quarter worth about $218,000. Essential Partners LLC grew its position in shares of Mosaic by 81.0% in the first quarter. Essential Partners LLC now owns 3,569 shares of the basic materials company’s stock valued at $91,000 after purchasing an additional 1,597 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Mosaic by 7.4% during the 1st quarter. Bank of America Corp DE now owns 2,486,973 shares of the basic materials company’s stock valued at $63,418,000 after buying an additional 170,724 shares in the last quarter. Institutional investors own 77.54% of the company’s stock.

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.