Cowen Inc Boosts Mosaic Company (The) (MOS) Price Target to $24.00
Mosaic Company (The) (NYSE:MOS) had its price target raised by Cowen Inc from $21.00 to $24.00 in a report published on Wednesday morning, Marketbeat Ratings reports. Cowen Inc currently has a market perform rating on the basic materials company’s stock.
MOS has been the topic of several other research reports. Piper Jaffray Companies set a $23.00 price target on Mosaic and gave the company a hold rating in a report on Friday, October 6th. Stifel Nicolaus restated a hold rating and issued a $24.00 price objective (down previously from $27.00) on shares of Mosaic in a research note on Tuesday, August 8th. Zacks Investment Research downgraded shares of Mosaic from a hold rating to a sell rating in a research note on Tuesday, October 17th. Scotiabank upgraded shares of Mosaic from an underperform rating to a sector perform rating in a research note on Wednesday, November 1st. Finally, BidaskClub downgraded shares of Mosaic from a sell rating to a strong sell rating in a research note on Friday, August 11th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $23.91.
Mosaic (MOS) opened at $23.85 on Wednesday. Mosaic has a twelve month low of $19.23 and a twelve month high of $34.36. The company has a current ratio of 1.78, a quick ratio of 0.90 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $8,372.52, a P/E ratio of 23.38, a price-to-earnings-growth ratio of 2.59 and a beta of 1.27.
Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.25 by $0.18. Mosaic had a return on equity of 3.61% and a net margin of 4.68%. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter last year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. equities research analysts forecast that Mosaic will post 0.97 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.10 annualized dividend and a dividend yield of 0.42%. Mosaic’s payout ratio is 62.50%.
Institutional investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC bought a new position in Mosaic in the third quarter worth $663,000. Moors & Cabot Inc. lifted its position in Mosaic by 7.2% in the third quarter. Moors & Cabot Inc. now owns 47,567 shares of the basic materials company’s stock worth $1,028,000 after purchasing an additional 3,183 shares during the period. California Public Employees Retirement System lifted its position in Mosaic by 5.9% in the third quarter. California Public Employees Retirement System now owns 1,110,509 shares of the basic materials company’s stock worth $23,976,000 after purchasing an additional 61,920 shares during the period. Janney Montgomery Scott LLC lifted its position in Mosaic by 27.4% in the third quarter. Janney Montgomery Scott LLC now owns 34,018 shares of the basic materials company’s stock worth $734,000 after purchasing an additional 7,326 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its position in Mosaic by 182.8% in the third quarter. Cubist Systematic Strategies LLC now owns 49,543 shares of the basic materials company’s stock worth $1,070,000 after purchasing an additional 32,026 shares during the period. Institutional investors and hedge funds own 76.45% of the company’s stock.
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Mosaic Company Profile
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.
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