Mosaic Company (The) (MOS) PT Raised to $25.00
Mosaic Company (The) (NYSE:MOS) had its target price hoisted by analysts at Citigroup Inc. from $23.00 to $25.00 in a research report issued to clients and investors on Thursday. The firm presently has a “neutral” rating on the stock.
Other equities research analysts have also recently issued reports about the company. BidaskClub cut Mosaic Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Royal Bank Of Canada reiterated a “hold” rating and issued a $26.00 target price on shares of Mosaic Company (The) in a research note on Wednesday, July 12th. BMO Capital Markets reiterated a “market perform” rating and issued a $25.00 target price (down from $26.00) on shares of Mosaic Company (The) in a research note on Wednesday, August 2nd. Cleveland Research upgraded Mosaic Company (The) from a “neutral” rating to a “buy” rating in a research note on Wednesday. Finally, Zacks Investment Research upgraded Mosaic Company (The) from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. Mosaic Company (The) presently has a consensus rating of “Hold” and an average target price of C$23.91.
Shares of Mosaic Company (MOS) traded down C$0.09 on Thursday, reaching C$22.38. The company had a trading volume of 4,460,000 shares, compared to its average volume of 4,089,657. Mosaic Company has a 52-week low of C$19.23 and a 52-week high of C$34.36. The company has a market capitalization of $7,856.48, a PE ratio of 21.94, a PEG ratio of 2.67 and a beta of 1.27. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.78 and a quick ratio of 0.88.
Mosaic Company (The) (NYSE:MOS) last announced its quarterly earnings data on Tuesday, October 31st. The company reported C$0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.25 by C$0.18. Mosaic Company (The) had a return on equity of 3.61% and a net margin of 4.68%. The firm had revenue of C$1.98 billion for the quarter, compared to analysts’ expectations of C$1.93 billion. During the same period last year, the business posted $0.41 earnings per share. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. sell-side analysts predict that Mosaic Company will post 0.88 EPS for the current year.
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In other news, Director Robert L. Lumpkins bought 7,000 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were purchased at an average cost of C$19.94 per share, with a total value of C$139,580.00. Following the completion of the acquisition, the director now directly owns 9,339 shares in the company, valued at C$186,219.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.38% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in MOS. Artemis Investment Management LLP acquired a new position in Mosaic Company (The) during the third quarter worth about $37,174,000. NN Investment Partners Holdings N.V. grew its holdings in Mosaic Company (The) by 146.0% during the second quarter. NN Investment Partners Holdings N.V. now owns 2,547,323 shares of the company’s stock worth $58,156,000 after acquiring an additional 1,511,638 shares during the period. BlueMountain Capital Management LLC grew its holdings in Mosaic Company (The) by 105.6% during the second quarter. BlueMountain Capital Management LLC now owns 66,928 shares of the company’s stock worth $1,528,000 after acquiring an additional 1,265,856 shares during the period. Renaissance Technologies LLC acquired a new position in Mosaic Company (The) during the second quarter worth about $27,850,000. Finally, Assenagon Asset Management S.A. acquired a new position in Mosaic Company (The) during the third quarter worth about $22,326,000. 77.23% of the stock is currently owned by hedge funds and other institutional investors.
About Mosaic Company (The)
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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