Mosaic (NYSE:MOS – Get Free Report) had its price objective lowered by investment analysts at Morgan Stanley from $28.00 to $26.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the basic materials company’s stock. Morgan Stanley’s price objective points to a potential upside of 15.75% from the stock’s previous close.
Other research analysts also recently issued reports about the company. Rothschild & Co Redburn assumed coverage on Mosaic in a report on Friday. They set a “buy” rating and a $30.00 target price on the stock. Freedom Capital upgraded Mosaic from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, June 17th. Barclays decreased their target price on shares of Mosaic from $31.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, May 18th. Zacks Research lowered shares of Mosaic from a “hold” rating to a “strong sell” rating in a research note on Friday, June 19th. Finally, Scotiabank reiterated an “outperform” rating and set a $30.00 price objective on shares of Mosaic in a research report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Mosaic currently has an average rating of “Hold” and a consensus price target of $27.28.
Get Our Latest Stock Report on MOS
Mosaic Stock Performance
Mosaic (NYSE:MOS – Get Free Report) last posted its quarterly earnings results on Monday, May 11th. The basic materials company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period last year, the firm posted $0.49 EPS. Mosaic’s quarterly revenue was up 14.4% on a year-over-year basis. As a group, equities analysts anticipate that Mosaic will post 0.83 EPS for the current fiscal year.
Institutional Trading of Mosaic
Several large investors have recently made changes to their positions in MOS. Dorsey Wright & Associates acquired a new position in shares of Mosaic during the third quarter worth approximately $4,170,000. Wedge Capital Management L L P NC grew its position in Mosaic by 87.5% in the 4th 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 period. Barclays PLC grew its position in Mosaic by 55.6% in the 3rd quarter. Barclays PLC now owns 1,606,609 shares of the basic materials company’s stock valued at $55,717,000 after purchasing an additional 574,352 shares during the period. Algert Global LLC increased its stake in Mosaic by 26.3% during the 3rd quarter. Algert Global LLC now owns 380,138 shares of the basic materials company’s stock valued at $13,183,000 after purchasing an additional 79,222 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in Mosaic during the 4th quarter valued at $1,302,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.
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.
See Also
- Five stocks we like better than Mosaic
- Overclocking Qualcomm: Rewiring the AI Compute Market
- 3 Top Financial Institutions Announce Over $70 Billion in Share Repurchases
- Rezolve AI Stock Has a Short-Squeeze Setup, But Execution Comes First
- SpaceX Achieves Escape Velocity With Nasdaq Fast-Track
Receive News & Ratings for Mosaic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mosaic and related companies with MarketBeat.com's FREE daily email newsletter.
