The Mosaic Company (NYSE:MOS – Get Free Report) shares traded up 7.1% on Friday . The stock traded as high as $22.66 and last traded at $22.58. 5,950,994 shares changed hands during trading, a decline of 33% from the average session volume of 8,831,467 shares. The stock had previously closed at $21.09.
Analysts Set New Price Targets
MOS has been the subject of several analyst reports. Wells Fargo & Company decreased their price objective on Mosaic from $25.00 to $22.00 and set an “equal weight” rating for the company in a report on Thursday, May 14th. Bank of America cut Mosaic from a “buy” rating to a “neutral” rating and reduced their price target for the company from $33.00 to $30.00 in a research report on Friday, March 20th. Canadian Imperial Bank of Commerce set a $25.00 price target on Mosaic in a research report on Tuesday, May 12th. Berenberg Bank reduced their price target on Mosaic from $28.00 to $27.00 and set a “hold” rating for the company in a research report on Tuesday, May 19th. Finally, BNP Paribas Exane reduced their price target on Mosaic from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. Six analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $27.47.
Check Out Our Latest Report on MOS
Mosaic Stock Performance
Mosaic (NYSE:MOS – Get Free Report) last released its quarterly earnings data on Monday, May 11th. The basic materials company reported $0.05 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the prior year, the firm earned $0.49 earnings per share. Mosaic’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, equities research analysts expect that The Mosaic Company will post 0.83 earnings per share for the current year.
Institutional Trading of Mosaic
Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Mosaic by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 39,123,171 shares of the basic materials company’s stock valued at $942,477,000 after purchasing an additional 461,524 shares during the period. Dimensional Fund Advisors LP boosted its stake in Mosaic by 6.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,240,050 shares of the basic materials company’s stock valued at $363,110,000 after purchasing an additional 832,914 shares during the period. State Street Corp boosted its stake in Mosaic by 1.9% in the 4th quarter. State Street Corp now owns 13,174,708 shares of the basic materials company’s stock valued at $317,379,000 after purchasing an additional 240,146 shares during the period. Invesco Ltd. boosted its stake in Mosaic by 28.9% in the 4th quarter. Invesco Ltd. now owns 11,840,398 shares of the basic materials company’s stock valued at $285,235,000 after purchasing an additional 2,653,969 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Mosaic by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 8,479,395 shares of the basic materials company’s stock valued at $203,916,000 after purchasing an additional 63,822 shares during the period. 77.54% of the stock is currently owned by institutional investors.
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.
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