Cowen reaffirmed their hold rating on shares of Mosaic (NYSE:MOS) in a report released on Friday morning. Cowen currently has a $25.00 target price on the basic materials company’s stock.

Several other research analysts have also recently weighed in on MOS. JPMorgan Chase & Co. began coverage on Mosaic in a research report on Friday. They set a neutral rating and a $26.00 price objective on the stock. Zacks Investment Research cut Mosaic from a buy rating to a hold rating in a research report on Friday. Royal Bank of Canada increased their price objective on Mosaic from $24.00 to $28.00 and gave the stock a sector perform rating in a research report on Friday. Citigroup increased their price objective on Mosaic from $23.00 to $25.00 and gave the stock a neutral rating in a research report on Thursday, November 2nd. Finally, BMO Capital Markets increased their price objective on Mosaic from $23.00 to $24.00 and gave the stock a market perform rating in a research report on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $24.68.

Mosaic (MOS) opened at $27.22 on Friday. 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 firm has a market capitalization of $9,560.00, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 2.69 and a beta of 1.31. Mosaic has a 12-month low of $19.23 and a 12-month high of $34.36.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.18. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Mosaic had a return on equity of 3.61% and a net margin of 4.68%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.41 EPS. sell-side analysts forecast that Mosaic will post 1.01 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, March 1st will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Wednesday, February 28th. Mosaic’s dividend payout ratio (DPR) is currently 10.53%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Copper Rock Capital Partners LLC acquired a new stake in shares of Mosaic during the 4th quarter worth $10,100,000. Shelton Capital Management boosted its stake in Mosaic by 17.8% in the third quarter. Shelton Capital Management now owns 186,568 shares of the basic materials company’s stock valued at $4,028,000 after buying an additional 28,200 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Mosaic in the third quarter valued at about $663,000. Moors & Cabot Inc. boosted its stake in Mosaic by 7.2% in the third quarter. Moors & Cabot Inc. now owns 47,567 shares of the basic materials company’s stock valued at $1,028,000 after buying an additional 3,183 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake 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 valued at $23,976,000 after buying an additional 61,920 shares in the last quarter. 76.94% of the stock is currently owned by institutional investors.

WARNING: “Mosaic’s (MOS) Hold Rating Reiterated at Cowen” was first reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://www.watchlistnews.com/mosaics-mos-hold-rating-reiterated-at-cowen/1808883.html.

About Mosaic

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 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 Analyst Ratings Network's FREE daily email newsletter.