Mosaic (NYSE:MOS) Given New $24.00 Price Target at Mizuho

by · The Cerbat Gem

Mosaic (NYSE:MOS – Get Free Report) had its price objective lowered by investment analysts at Mizuho from $27.00 to $24.00 in a research note issued to investors on Monday,MarketScreener reports. Mizuho’s target price points to a potential upside of 11.19% from the stock’s current price.

A number of other analysts have also recently commented on the company. Oppenheimer set a $35.00 price target on Mosaic in a research note on Friday, January 16th. Morgan Stanley reduced their price objective on shares of Mosaic from $35.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 26th. Scotiabank decreased their price objective on shares of Mosaic from $35.00 to $33.00 and set an “outperform” rating for the company in a report on Monday, April 20th. Bank of America downgraded shares of Mosaic from a “buy” rating to a “neutral” rating and lowered their target price for the company from $33.00 to $30.00 in a research note on Friday, March 20th. Finally, Canadian Imperial Bank of Commerce cut their target price on shares of Mosaic from $32.00 to $27.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Four research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Mosaic currently has a consensus rating of “Hold” and a consensus target price of $29.13.

Check Out Our Latest Research Report on Mosaic

Mosaic Stock Down 2.7%

NYSE:MOS opened at $21.59 on Monday. Mosaic has a 12-month low of $21.01 and a 12-month high of $38.23. The company has a quick ratio of 0.47, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $6.85 billion, a P/E ratio of 12.70, a P/E/G ratio of 1.33 and a beta of 0.79. The stock’s fifty day simple moving average is $25.63 and its 200-day simple moving average is $26.17.

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 analysts’ consensus estimates of $0.20 by ($0.15). Mosaic had a net margin of 4.49% and a return on equity of 5.80%. During the same period in the prior year, the company posted $0.49 earnings per share. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. Equities research analysts expect that Mosaic will post 1.56 earnings per share for the current year.

Hedge Funds Weigh In On Mosaic

Several institutional investors and hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. grew its stake in shares of Mosaic by 169.3% in the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 601 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in Mosaic during the 2nd quarter worth $31,000. SJS Investment Consulting Inc. grew its stake in Mosaic by 72.9% during the first quarter. SJS Investment Consulting Inc. now owns 1,245 shares of the basic materials company’s stock worth $32,000 after buying an additional 525 shares in the last quarter. Gen Wealth Partners Inc bought a new position in Mosaic in the 4th quarter valued at about $32,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Mosaic in the 2nd quarter valued at approximately $34,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

About Mosaic

(Get Free Report)

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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