Mosaic (NYSE:MOS – Get Free Report) had its target price decreased by research analysts at BMO Capital Markets from $31.00 to $30.00 in a report issued on Tuesday,MarketScreener reports. The brokerage currently has an “outperform” rating on the basic materials company’s stock. BMO Capital Markets’ price target would indicate a potential upside of 38.69% from the stock’s current price.
MOS has been the subject of a number of other research reports. HSBC cut their price target on shares of Mosaic from $26.00 to $23.00 and set a “hold” rating for the company in a report on Thursday, June 18th. Morgan Stanley lowered their price objective on Mosaic from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. cut their target price on Mosaic from $24.00 to $19.00 and set an “underweight” rating for the company in a research note on Tuesday, May 12th. Berenberg Bank reduced their target price on Mosaic from $28.00 to $27.00 and set a “hold” rating on the stock in a research report on Tuesday, May 19th. Finally, Zacks Research lowered Mosaic from a “hold” rating to a “strong sell” rating in a research note on Friday, June 19th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mosaic has a consensus rating of “Hold” and an average target price of $27.22.
View Our Latest Research Report on MOS
Mosaic Trading Down 3.6%
Mosaic (NYSE:MOS – Get Free Report) last announced its quarterly earnings results on Monday, May 11th. The basic materials company reported $0.05 earnings per share 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 firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period in the previous year, the firm posted $0.49 EPS. The company’s revenue was up 14.4% compared to the same quarter last year. Sell-side analysts expect that Mosaic will post 0.83 earnings per share for the current year.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Dorsey Wright & Associates purchased a new position in shares of Mosaic in the third quarter valued at $4,170,000. Wedge Capital Management L L P NC grew its holdings in shares of Mosaic by 87.5% during the fourth quarter. Wedge Capital Management L L P NC now owns 376,905 shares of the basic materials company’s stock valued at $9,080,000 after purchasing an additional 175,914 shares during the last quarter. Barclays PLC raised its stake in Mosaic by 55.6% during the 3rd quarter. Barclays PLC now owns 1,606,609 shares of the basic materials company’s stock valued at $55,717,000 after acquiring an additional 574,352 shares in the last quarter. Algert Global LLC boosted its holdings in shares of Mosaic by 26.3% in the third quarter. Algert Global LLC now owns 380,138 shares of the basic materials company’s stock valued at $13,183,000 after acquiring an additional 79,222 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Mosaic in the fourth quarter worth approximately $1,302,000. 77.54% of the stock is owned by hedge funds and other 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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