Zacks Investment Research downgraded shares of Mosaic (NYSE:MOS) from a buy rating to a hold rating in a research report report published on Friday.
According to Zacks, “Mosaic is well placed to gain from strong global demand for fertilizers. Moreover, the acquisition of Vale Fertilizantes will help the company to capitalize on the rapidly growing Brazilian agricultural market. The buyout is also expected to deliver significant synergies. Mosaic should also benefit from its cost reduction measures and its efforts to boost production capacity. However, Mosaic is exposed to a challenging operating environment in the agriculture space. The company also faces headwinds from the unfavorable impacts of Hurricane Irma. It has also underperformed the industry it belongs to over a year.”
A number of other analysts have also recently commented on MOS. BMO Capital Markets reaffirmed a market perform rating and set a $25.00 target price (up from $23.00) on shares of Mosaic in a report on Friday, October 6th. Piper Jaffray Companies set a $23.00 target price on shares of Mosaic and gave the company a hold rating in a report on Friday, October 6th. started coverage on shares of Mosaic in a report on Wednesday, October 11th. They set a buy rating and a $24.80 target price for the company. Stifel Nicolaus reaffirmed a hold rating and set a $24.00 target price on shares of Mosaic in a report on Thursday, October 12th. Finally, Royal Bank of Canada reiterated a hold rating on shares of Mosaic in a research report on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. Mosaic currently has an average rating of Hold and a consensus target price of $24.68.
Shares of Mosaic (MOS) traded up $0.15 during mid-day trading on Friday, reaching $27.22. 3,263,300 shares of the company’s stock were exchanged, compared to its average volume of 4,567,433. Mosaic has a twelve month low of $19.23 and a twelve month high of $34.36. The stock has a market capitalization of $9,555.55, a PE ratio of 28.35, a P/E/G ratio of 2.69 and a beta of 1.31. The company has a current ratio of 1.78, a quick ratio of 0.90 and a debt-to-equity ratio of 0.37.
Mosaic (NYSE:MOS) last announced its earnings results on Tuesday, October 31st. The basic materials company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.18. Mosaic had a net margin of 4.68% and a return on equity of 3.61%. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the prior year, the company earned $0.41 earnings per share. The firm’s revenue was up 1.7% on a year-over-year basis. sell-side analysts predict that Mosaic will post 1.01 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, March 1st will be given a $0.025 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.37%. Mosaic’s payout ratio is currently 10.42%.
Institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp boosted its position in shares of Mosaic by 2.0% in the second quarter. State Street Corp now owns 19,950,012 shares of the basic materials company’s stock worth $455,461,000 after purchasing an additional 397,403 shares during the period. Janus Henderson Group PLC boosted its position in shares of Mosaic by 16.3% during the third quarter. Janus Henderson Group PLC now owns 362,064 shares of the basic materials company’s stock worth $7,817,000 after acquiring an additional 50,776 shares during the last quarter. Engineers Gate Manager LP bought a new position in shares of Mosaic during the third quarter worth $595,000. Shell Asset Management Co. boosted its position in shares of Mosaic by 101.8% during the third quarter. Shell Asset Management Co. now owns 50,005 shares of the basic materials company’s stock worth $2,221,000 after acquiring an additional 25,221 shares during the last quarter. Finally, FDx Advisors Inc. boosted its position in shares of Mosaic by 8.2% during the third quarter. FDx Advisors Inc. now owns 86,488 shares of the basic materials company’s stock worth $1,867,000 after acquiring an additional 6,533 shares during the last quarter. Institutional investors and hedge funds own 76.94% of the company’s stock.
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.
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