Mosaic (NYSE:MOS)‘s stock had its “buy” rating reissued by equities researchers at Cfra in a report issued on Thursday, AnalystRatings.com reports. They currently have a $26.00 target price on the basic materials company’s stock. Cfra’s price objective would suggest a potential upside of 24.94% from the company’s previous close.
Several other equities research analysts also recently issued reports on MOS. CIBC reiterated a “buy” rating and set a $25.00 price target on shares of Mosaic in a report on Thursday. Consumer Edge began coverage on Mosaic in a report on Monday, September 23rd. They set an “equal weight” rating and a $22.00 price target for the company. JPMorgan Chase & Co. downgraded Mosaic from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $24.00 to $20.00 in a report on Wednesday. ValuEngine upgraded Mosaic from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, BMO Capital Markets set a $27.00 price objective on Mosaic and gave the stock a “hold” rating in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.75.
Mosaic stock traded up $0.07 during trading on Thursday, hitting $20.81. 3,976,617 shares of the company were exchanged, compared to its average volume of 4,648,813. The business’s 50 day moving average is $20.20 and its 200 day moving average is $22.05. Mosaic has a 52 week low of $17.36 and a 52 week high of $37.33. The company has a market capitalization of $8.00 billion, a P/E ratio of 9.82, a PEG ratio of 2.91 and a beta of 1.65. The company has a current ratio of 1.51, a quick ratio of 0.60 and a debt-to-equity ratio of 0.44.
Mosaic (NYSE:MOS) last announced its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.02). Mosaic had a positive return on equity of 4.48% and a negative net margin of 0.36%. The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter last year, the company posted $0.75 EPS. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. Equities analysts expect that Mosaic will post 0.55 EPS for the current year.
In other news, Director William T. Monahan purchased 2,360 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were purchased at an average price of $21.15 per share, with a total value of $49,914.00. Following the transaction, the director now directly owns 39,235 shares of the company’s stock, valued at $829,820.25. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Cheryl K. Beebe purchased 12,998 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were purchased at an average cost of $19.21 per share, for a total transaction of $249,691.58. Following the transaction, the director now directly owns 23,704 shares in the company, valued at $455,353.84. The disclosure for this purchase can be found here. 0.51% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Retirement Systems of Alabama lifted its holdings in Mosaic by 59.4% during the 2nd quarter. Retirement Systems of Alabama now owns 1,100,223 shares of the basic materials company’s stock worth $27,539,000 after purchasing an additional 409,791 shares in the last quarter. Xact Kapitalforvaltning AB lifted its holdings in Mosaic by 13.1% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 68,715 shares of the basic materials company’s stock worth $1,720,000 after purchasing an additional 7,949 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Mosaic by 1.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 34,605 shares of the basic materials company’s stock worth $866,000 after purchasing an additional 500 shares in the last quarter. Edge Wealth Management LLC purchased a new stake in Mosaic during the 2nd quarter worth about $94,000. Finally, Regent Investment Management LLC lifted its holdings in Mosaic by 8.2% during the 2nd quarter. Regent Investment Management LLC now owns 13,200 shares of the basic materials company’s stock worth $330,000 after purchasing an additional 1,000 shares in the last quarter. 75.12% of the stock is currently owned by hedge funds and other institutional investors.
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 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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