Mosaic (NYSE:MOS) had its price target decreased by research analysts at Royal Bank of Canada from $38.00 to $35.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the basic materials company’s stock. Royal Bank of Canada’s target price points to a potential upside of 52.17% from the company’s previous close.
Several other brokerages also recently weighed in on MOS. Zacks Investment Research downgraded shares of GreenTree Hospitality Group from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. Bank of America lifted their price objective on shares of Visa from $177.00 to $192.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Stifel Nicolaus cut their price objective on shares of Zogenix from $72.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, April 9th. Credit Suisse Group upgraded shares of Mosaic from a “neutral” rating to an “outperform” rating and cut their price objective for the company from $30.00 to $28.00 in a research report on Tuesday, May 7th. Finally, Scotiabank downgraded shares of WEC Energy Group from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $76.00 to $78.00 in a research report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. Mosaic currently has an average rating of “Hold” and an average target price of $32.57.
Mosaic stock opened at $23.00 on Friday. The business has a 50-day simple moving average of $23.07. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.66 and a current ratio of 1.73. Mosaic has a 1 year low of $20.81 and a 1 year high of $37.37. The company has a market cap of $8.68 billion, a P/E ratio of 10.85, a P/E/G ratio of 1.95 and a beta of 1.57.
Mosaic (NYSE:MOS) last issued its quarterly earnings data on Monday, May 6th. The basic materials company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.04. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.86 billion. Mosaic had a net margin of 5.85% and a return on equity of 7.88%. Mosaic’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the firm posted $0.20 EPS. As a group, equities analysts expect that Mosaic will post 1.65 EPS for the current year.
In other Mosaic news, CEO James Calvin O’rourke acquired 10,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were bought at an average price of $24.03 per share, with a total value of $240,300.00. Following the purchase, the chief executive officer now directly owns 168,345 shares of the company’s stock, valued at approximately $4,045,330.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Emery N. Koenig acquired 2,089 shares of the stock in a transaction dated Friday, May 10th. The stock was acquired at an average cost of $23.95 per share, for a total transaction of $50,031.55. Following the purchase, the director now directly owns 25,244 shares in the company, valued at $604,593.80. The disclosure for this purchase can be found here. Insiders have acquired a total of 17,339 shares of company stock worth $414,182 over the last 90 days. 0.51% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Meridian Wealth Management LLC acquired a new position in shares of Mosaic in the 1st quarter worth approximately $41,000. Rational Advisors LLC increased its position in shares of Mosaic by 2,825.9% in the first quarter. Rational Advisors LLC now owns 1,580 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 1,526 shares in the last quarter. Private Capital Group LLC increased its position in shares of Mosaic by 57.6% in the first quarter. Private Capital Group LLC now owns 1,896 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 693 shares in the last quarter. CWM LLC increased its position in shares of Mosaic by 2,795.7% in the first quarter. CWM LLC now owns 2,027 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 1,957 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new position in shares of Mosaic in the first quarter worth approximately $78,000. 74.71% of the stock is currently owned by 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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