Mosaic (NYSE:MOS) Given New $38.00 Price Target at UBS Group

by · The Cerbat Gem

Mosaic (NYSE:MOS – Free Report) had its target price cut by UBS Group from $40.00 to $38.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a buy rating on the basic materials company’s stock.

Other equities research analysts have also recently issued reports about the stock. Oppenheimer set a $40.00 target price on shares of Mosaic in a report on Wednesday, October 22nd. Wall Street Zen cut shares of Mosaic from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Scotiabank cut shares of Mosaic from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $39.00 to $34.00 in a report on Friday, October 10th. Wells Fargo & Company dropped their target price on shares of Mosaic from $34.00 to $32.00 and set an “equal weight” rating on the stock in a report on Thursday, October 16th. Finally, Zacks Research cut shares of Mosaic from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Mosaic has an average rating of “Moderate Buy” and an average target price of $35.08.

Get Our Latest Report on MOS

Mosaic Trading Down 1.4%

Shares of NYSE:MOS opened at $26.17 on Wednesday. The company’s 50-day moving average price is $32.05 and its two-hundred day moving average price is $33.53. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44. Mosaic has a one year low of $22.36 and a one year high of $38.23. The stock has a market capitalization of $8.31 billion, a PE ratio of 8.87, a price-to-earnings-growth ratio of 0.94 and a beta of 1.00.

Mosaic (NYSE:MOS – Get Free Report) last issued its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.03 by $0.01. The firm had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.87 billion. Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The company’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 EPS. On average, equities analysts forecast that Mosaic will post 2.04 EPS for the current fiscal year.

Mosaic Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Monday, September 8th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Monday, September 8th. Mosaic’s dividend payout ratio is presently 22.80%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Smartleaf Asset Management LLC grew its position in shares of Mosaic by 57.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,135 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 415 shares in the last quarter. Canada Post Corp Registered Pension Plan grew its position in shares of Mosaic by 129.1% during the 3rd quarter. Canada Post Corp Registered Pension Plan now owns 9,689 shares of the basic materials company’s stock worth $336,000 after purchasing an additional 5,460 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Mosaic by 107.5% during the 3rd quarter. Bessemer Group Inc. now owns 1,446 shares of the basic materials company’s stock worth $50,000 after purchasing an additional 749 shares in the last quarter. Optimize Financial Inc acquired a new position in shares of Mosaic during the 3rd quarter worth approximately $317,000. Finally, Savant Capital LLC grew its position in shares of Mosaic by 267.4% during the 3rd quarter. Savant Capital LLC now owns 84,667 shares of the basic materials company’s stock worth $2,936,000 after purchasing an additional 61,621 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Company Profile

(Get Free Report)

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.

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