Wolfe Research Lowers Mosaic (NYSE:MOS) Price Target to $38.00

Mosaic (NYSE:MOS) had its price objective decreased by analysts at Wolfe Research from $41.00 to $38.00 in a research note issued on Friday,MarketScreener reports. The firm currently has an “outperform” rating on the basic materials company’s stock. Wolfe Research’s price target indicates a potential upside of 44.10% from the company’s current price.

Other analysts have also issued research reports about the company. The Goldman Sachs Group cut their price objective on Mosaic from $37.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Morgan Stanley boosted their price target on Mosaic from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Wednesday. CIBC reduced their price target on shares of Mosaic from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Oppenheimer set a $35.00 price objective on shares of Mosaic in a report on Friday. Finally, Royal Bank Of Canada set a $27.00 target price on shares of Mosaic in a report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $31.50.

Mosaic Stock Performance

Shares of MOS stock opened at $26.37 on Friday. The company has a quick ratio of 0.40, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average price of $24.79 and a 200-day moving average price of $30.21. Mosaic has a 52 week low of $22.36 and a 52 week high of $38.23. The firm has a market capitalization of $8.37 billion, a PE ratio of 6.83, a P/E/G ratio of 1.16 and a beta of 0.94.

Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.01. Mosaic had a net margin of 10.33% and a return on equity of 6.46%. The company had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.87 billion. During the same quarter last year, the company posted $0.34 earnings per share. The firm’s quarterly revenue was up 22.8% on a year-over-year basis. As a group, equities research analysts expect that Mosaic will post 2.04 earnings per share for the current year.

Hedge Funds Weigh In On Mosaic

Hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its stake in Mosaic by 27.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 380 shares in the last quarter. United Services Automobile Association bought a new stake in shares of Mosaic in the first quarter worth about $201,000. Empowered Funds LLC lifted its position in shares of Mosaic by 170.5% in the first quarter. Empowered Funds LLC now owns 54,176 shares of the basic materials company’s stock worth $1,463,000 after buying an additional 34,151 shares in the last quarter. Woodline Partners LP boosted its stake in Mosaic by 40.7% during the first quarter. Woodline Partners LP now owns 26,836 shares of the basic materials company’s stock valued at $725,000 after buying an additional 7,760 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake 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 buying an additional 601 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

Mosaic Company Profile

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.