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.

TRADEMARK VIOLATION WARNING: This piece was published by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://www.watchlistnews.com/cowen-inc-boosts-mosaic-company-the-mos-price-target-to-24-00/1727075.html.

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.

Analyst Recommendations for Mosaic (NYSE:MOS)

Receive News & Ratings for Mosaic Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mosaic Company (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.