Scotiabank Lowers Mosaic (NYSE:MOS) Price Target to $33.00

Mosaic (NYSE:MOS) had its price objective reduced by investment analysts at Scotiabank from $35.00 to $33.00 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. Scotiabank’s price target indicates a potential upside of 36.35% from the company’s current price.

A number of other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. cut Mosaic from a “neutral” rating to an “underweight” rating and set a $24.00 target price on the stock. in a report on Thursday, February 26th. Weiss Ratings cut Mosaic from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, April 7th. Canadian Imperial Bank of Commerce boosted their price objective on Mosaic from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. UBS Group lowered shares of Mosaic from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $33.00 to $27.00 in a research note on Thursday, March 26th. Finally, Barclays reiterated an “equal weight” rating and issued a $31.00 target price on shares of Mosaic in a report on Tuesday, March 3rd. Four investment 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. According to data from MarketBeat, Mosaic has a consensus rating of “Hold” and a consensus target price of $29.87.

Mosaic Trading Down 1.5%

Mosaic stock opened at $24.20 on Monday. Mosaic has a 12-month low of $23.06 and a 12-month high of $38.23. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.47. The stock has a market capitalization of $7.68 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 2.50 and a beta of 0.95. The firm has a 50 day simple moving average of $27.06 and a 200-day simple moving average of $26.91.

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

Institutional Investors Weigh In On Mosaic

Several large investors have recently made changes to their positions in MOS. Geneos Wealth Management Inc. raised its position in Mosaic by 169.3% during the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 601 shares in the last quarter. True Wealth Design LLC raised its holdings in shares of Mosaic by 1,819.0% during the 3rd quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 764 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Mosaic in the 3rd quarter valued at $31,000. CYBER HORNET ETFs LLC acquired a new position in Mosaic during the second quarter worth $31,000. Finally, Gen Wealth Partners Inc bought a new position in Mosaic during the fourth quarter valued at about $32,000. 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.