Royal Bank Of Canada Lowers Mosaic (NYSE:MOS) Price Target to $28.00

Mosaic (NYSE:MOS) had its price target reduced by equities research analysts at Royal Bank Of Canada from $29.00 to $28.00 in a note issued to investors on Thursday,MarketScreener reports. The brokerage presently has a “sector perform” rating on the basic materials company’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 3.15% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Mizuho dropped their price objective on Mosaic from $31.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, December 18th. Oppenheimer set a $35.00 target price on Mosaic in a research report on Friday, January 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mosaic in a research note on Monday, December 29th. Canadian Imperial Bank of Commerce lowered their price objective on shares of Mosaic from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Finally, Scotiabank upgraded shares of Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $36.00 price objective for the company in a report on Monday, February 2nd. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $31.13.

Mosaic Trading Up 0.6%

Shares of Mosaic stock traded up $0.17 on Thursday, reaching $27.15. The company had a trading volume of 1,073,189 shares, compared to its average volume of 6,776,505. The firm’s 50 day moving average price is $27.07 and its two-hundred day moving average price is $28.79. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 1.14. Mosaic has a 52-week low of $22.36 and a 52-week high of $38.23. The firm has a market cap of $8.62 billion, a PE ratio of 16.05, a PEG ratio of 1.32 and a beta of 0.97.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26). The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Mosaic had a return on equity of 5.77% and a net margin of 4.49%.The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 EPS. Sell-side analysts predict that Mosaic will post 2.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mosaic

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pacer Advisors Inc. grew its position in shares of Mosaic by 22.2% in the 4th quarter. Pacer Advisors Inc. now owns 41,663 shares of the basic materials company’s stock valued at $1,004,000 after buying an additional 7,555 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Mosaic during the fourth quarter worth approximately $1,260,000. Invesco Ltd. increased its holdings in shares of Mosaic by 28.9% in the 4th quarter. Invesco Ltd. now owns 11,840,398 shares of the basic materials company’s stock valued at $285,235,000 after acquiring an additional 2,653,969 shares during the period. Corient Private Wealth LLC raised its holdings in shares of Mosaic by 247.8% in the fourth quarter. Corient Private Wealth LLC now owns 50,271 shares of the basic materials company’s stock valued at $1,148,000 after buying an additional 35,817 shares during the last quarter. Finally, Vident Advisory LLC raised its stake in Mosaic by 32.3% during the 4th quarter. Vident Advisory LLC now owns 56,423 shares of the basic materials company’s stock valued at $1,359,000 after acquiring an additional 13,762 shares during the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Company Profile

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.