Analysts Set The Mosaic Company (NYSE:MOS) Target Price at $31.50

The Mosaic Company (NYSE:MOS) has been given a consensus rating of “Hold” by the eighteen ratings firms that are covering the firm, Marketbeat reports. Eleven research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $31.50.

A number of equities research analysts recently issued reports on MOS shares. Mizuho decreased their price target on Mosaic from $31.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, December 18th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mosaic in a research report on Monday, December 29th. Bank of America cut their price target on shares of Mosaic from $39.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Zacks Research upgraded shares of Mosaic from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, Royal Bank Of Canada boosted their price objective on shares of Mosaic from $27.00 to $29.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 20th.

Mosaic Stock Down 0.8%

Shares of MOS opened at $27.27 on Thursday. 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 business has a fifty day moving average of $25.42 and a 200 day moving average of $29.48. The company has a market cap of $8.66 billion, a PE ratio of 7.07, a P/E/G ratio of 1.24 and a beta of 0.97. Mosaic has a 52-week low of $22.36 and a 52-week high of $38.23.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. Mosaic had a net margin of 10.33% and a return on equity of 6.46%. The firm had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.87 billion. During the same period in the previous year, the company earned $0.34 EPS. The firm’s revenue for the quarter was up 22.8% compared to the same quarter last year. On average, sell-side analysts expect that Mosaic will post 2.04 EPS for the current year.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 9th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, March 9th. Mosaic’s dividend payout ratio (DPR) is presently 22.80%.

Hedge Funds Weigh In On Mosaic

Institutional investors have recently made changes to their positions in the company. Fiduciary Alliance LLC purchased a new position in shares of Mosaic during the 3rd quarter valued at about $1,969,000. Hussman Strategic Advisors Inc. acquired a new stake in Mosaic during the third quarter worth about $2,913,000. Scotia Capital Inc. grew its holdings in Mosaic by 395.1% during the second quarter. Scotia Capital Inc. now owns 87,556 shares of the basic materials company’s stock worth $3,194,000 after acquiring an additional 69,873 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. raised its position in Mosaic by 65.7% during the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 157,267 shares of the basic materials company’s stock valued at $5,682,000 after acquiring an additional 62,338 shares in the last quarter. Finally, Gradient Investments LLC acquired a new position in Mosaic in the third quarter valued at approximately $12,678,000. Hedge funds and other 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.