Mosaic (NYSE:MOS) had its target price decreased by research analysts at Morgan Stanley from $36.00 to $29.00 in a research report issued on Tuesday, The Fly reports. The brokerage currently has an “equal weight” rating on the basic materials company’s stock. Morgan Stanley’s target price indicates a potential upside of 28.95% from the company’s current price.

Several other analysts have also recently commented on the stock. Standpoint Research upgraded shares of CVS Health from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Stifel Nicolaus decreased their price objective on shares of Zogenix from $72.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, April 9th. Royal Bank of Canada cut shares of Zayo Group from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $33.00 to $35.00 in a research note on Wednesday, May 8th. Scotiabank cut shares of WEC Energy Group from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $76.00 to $78.00 in a research note on Wednesday, May 8th. Finally, Citigroup lifted their price objective on shares of PVH from $120.00 to $128.00 and gave the company a “neutral” rating in a research note on Friday, March 29th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $32.77.

MOS stock traded down $0.59 during trading on Tuesday, reaching $22.49. The company had a trading volume of 4,930,255 shares, compared to its average volume of 4,506,360. The business has a 50-day simple moving average of $23.04. The firm has a market cap of $8.81 billion, a P/E ratio of 10.61, a price-to-earnings-growth ratio of 2.06 and a beta of 1.57. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.66 and a current ratio of 1.73. Mosaic has a twelve month low of $20.81 and a twelve month high of $37.37.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Monday, May 6th. The basic materials company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.21 by $0.04. Mosaic had a net margin of 5.85% and a return on equity of 7.88%. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the business posted $0.20 EPS. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, analysts expect that Mosaic will post 1.72 earnings per share for the current year.

In other Mosaic news, Director Emery N. Koenig bought 2,089 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was acquired at an average price of $23.95 per share, with a total value of $50,031.55. Following the completion of the acquisition, the director now directly owns 25,244 shares of the company’s stock, valued at $604,593.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO James Calvin O’rourke bought 10,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average cost of $24.03 per share, with a total value of $240,300.00. Following the acquisition, the chief executive officer now directly owns 168,345 shares of the company’s stock, valued at $4,045,330.35. The disclosure for this purchase can be found here. Insiders have bought 17,339 shares of company stock valued at $414,182 in the last ninety days. Insiders own 0.51% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Berman Capital Advisors LLC acquired a new position in shares of Mosaic during the 4th quarter valued at about $39,000. Meridian Wealth Management LLC acquired a new position in shares of Mosaic during the 1st quarter valued at about $41,000. Rational Advisors LLC lifted its position in Mosaic by 2,825.9% in the first quarter. Rational Advisors LLC now owns 1,580 shares of the basic materials company’s stock valued at $43,000 after buying an additional 1,526 shares during the last quarter. Private Capital Group LLC lifted its position in Mosaic by 57.6% in the first quarter. Private Capital Group LLC now owns 1,896 shares of the basic materials company’s stock valued at $52,000 after buying an additional 693 shares during the last quarter. Finally, CWM LLC lifted its position in Mosaic by 2,795.7% in the first quarter. CWM LLC now owns 2,027 shares of the basic materials company’s stock valued at $55,000 after buying an additional 1,957 shares during the last quarter. 74.71% of the stock is owned by institutional investors and hedge funds.

Mosaic Company Profile

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 International Distribution. 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.

See Also: Lock-Up Period Expiration

The Fly

Analyst Recommendations for Mosaic (NYSE:MOS)

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