Mosaic (NYSE:MOS) Given New $30.00 Price Target at Scotiabank

by · The Cerbat Gem

Mosaic (NYSE:MOS – Get Free Report) had its price target decreased by investment analysts at Scotiabank from $33.00 to $30.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. Scotiabank’s price objective would suggest a potential upside of 42.18% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Barclays dropped their target price on shares of Mosaic from $31.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday. Weiss Ratings lowered shares of Mosaic from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, May 12th. Canadian Imperial Bank of Commerce set a $25.00 price objective on shares of Mosaic in a research note on Tuesday, May 12th. Wells Fargo & Company cut their price objective on Mosaic from $25.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, Wall Street Zen cut Mosaic from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Five investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Mosaic has a consensus rating of “Hold” and an average price target of $27.44.

Get Our Latest Analysis on MOS

Mosaic Stock Performance

NYSE MOS traded down $0.31 on Tuesday, hitting $21.10. 879,575 shares of the company’s stock were exchanged, compared to its average volume of 8,849,367. The firm has a market cap of $6.70 billion, a price-to-earnings ratio of 161.52, a P/E/G ratio of 1.72 and a beta of 0.79. The firm’s 50-day moving average price is $24.96 and its two-hundred day moving average price is $25.81. Mosaic has a fifty-two week low of $21.03 and a fifty-two week high of $38.23. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 0.45.

Mosaic (NYSE:MOS – Get Free Report) last issued its earnings results 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). The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.93 billion. Mosaic had a return on equity of 4.66% and a net margin of 0.36%.Mosaic’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 earnings per share. On average, research analysts expect that Mosaic will post 1.25 EPS for the current year.

Institutional Investors Weigh In On Mosaic

Several institutional investors and hedge funds have recently modified their holdings of MOS. AQR Capital Management LLC raised its holdings in shares of Mosaic by 632.6% during the 3rd quarter. AQR Capital Management LLC now owns 8,447,324 shares of the basic materials company’s stock valued at $291,348,000 after buying an additional 7,294,205 shares during the period. Norges Bank purchased a new stake in shares of Mosaic during the fourth quarter valued at approximately $103,129,000. Bank of New York Mellon Corp lifted its position in shares of Mosaic by 102.3% during the third quarter. Bank of New York Mellon Corp now owns 7,701,610 shares of the basic materials company’s stock worth $267,092,000 after purchasing an additional 3,894,947 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Mosaic by 28.9% in the fourth 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, Arrowstreet Capital Limited Partnership grew its holdings in Mosaic by 252.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,240,652 shares of the basic materials company’s stock valued at $82,637,000 after purchasing an additional 2,320,605 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Company Profile

(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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