Mosaic (NYSE:MOS) Price Target Lowered to $35.00 at Barclays

Mosaic (NYSE:MOS) had its price target decreased by analysts at Barclays from $42.00 to $35.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the basic materials company’s stock. Barclays‘s target price would indicate a potential upside of 36.99% from the stock’s previous close.

MOS has been the topic of a number of other reports. JPMorgan Chase & Co. cut Mosaic from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $37.00 to $26.00 in a research note on Tuesday. CIBC decreased their target price on Mosaic from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Scotiabank lifted their target price on Mosaic from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Monday. The Goldman Sachs Group reduced their price target on shares of Mosaic from $37.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Wells Fargo & Company assumed coverage on shares of Mosaic in a research note on Tuesday. They set an “equal weight” rating and a $28.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $33.46.

Mosaic Trading Up 0.4%

Shares of NYSE MOS traded up $0.09 during midday trading on Thursday, reaching $25.55. 4,324,977 shares of the stock were exchanged, compared to its average volume of 5,468,428. Mosaic has a twelve month low of $22.36 and a twelve month high of $38.23. The stock has a market capitalization of $8.11 billion, a P/E ratio of 8.66, a PEG ratio of 0.94 and a beta of 1.00. The company has a 50 day simple moving average of $31.27 and a 200 day simple moving average of $33.43. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.44 and a current ratio of 1.14.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.03 by $0.01. The business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.87 billion. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The company’s quarterly revenue was up 22.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.34 EPS. As a group, equities analysts expect that Mosaic will post 2.04 earnings per share for the current year.

Hedge Funds Weigh In On Mosaic

Hedge funds have recently modified their holdings of the business. TD Waterhouse Canada Inc. grew its holdings in Mosaic by 2.8% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 12,149 shares of the basic materials company’s stock valued at $447,000 after buying an additional 333 shares in the last quarter. Ancora Advisors LLC raised its stake in shares of Mosaic by 0.9% in the first quarter. Ancora Advisors LLC now owns 40,256 shares of the basic materials company’s stock valued at $1,087,000 after acquiring an additional 350 shares during the period. NewEdge Advisors LLC lifted its stake in Mosaic by 27.8% in the first quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 380 shares during the last quarter. Twin Capital Management Inc. lifted its stake in shares of Mosaic by 2.7% during the 1st quarter. Twin Capital Management Inc. now owns 14,590 shares of the basic materials company’s stock worth $394,000 after acquiring an additional 384 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in shares of Mosaic by 25.7% during the second quarter. UMB Bank n.a. now owns 1,893 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 387 shares during the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

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 Mosaic Fertilizantes. 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, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.