Mosaic (NYSE:MOS) Price Target Lowered to $31.00 at BMO Capital Markets

Mosaic (NYSE:MOS) had its target price dropped by research analysts at BMO Capital Markets from $35.00 to $31.00 in a report issued on Thursday,MarketScreener reports. The brokerage presently has an “outperform” rating on the basic materials company’s stock. BMO Capital Markets’ price objective suggests a potential upside of 42.61% from the stock’s current price.

A number of other equities research analysts have also issued reports on MOS. Weiss Ratings lowered shares of Mosaic from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, May 12th. Canadian Imperial Bank of Commerce set a $25.00 target price on shares of Mosaic in a report on Tuesday, May 12th. Bank of America cut shares of Mosaic from a “buy” rating to a “neutral” rating and dropped their price target for the company from $33.00 to $30.00 in a research note on Friday, March 20th. Mizuho cut their price target on shares of Mosaic from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Finally, Scotiabank reiterated an “outperform” rating and issued a $30.00 price objective on shares of Mosaic in a report on Tuesday. Six equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $27.65.

Mosaic Price Performance

Shares of MOS stock traded down $0.12 during trading hours on Thursday, reaching $21.74. The company had a trading volume of 632,043 shares, compared to its average volume of 8,843,313. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.45 and a current ratio of 1.25. The stock has a fifty day moving average of $24.76 and a 200-day moving average of $25.72. The company has a market capitalization of $6.90 billion, a price-to-earnings ratio of 167.54, a PEG ratio of 1.91 and a beta of 0.79. Mosaic has a 12-month low of $20.89 and a 12-month high of $38.23.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Monday, May 11th. The basic materials company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.93 billion. Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The business’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period last year, the firm posted $0.49 EPS. On average, equities analysts anticipate that Mosaic will post 1.11 earnings per share for the current year.

Hedge Funds Weigh In On Mosaic

Large investors have recently made changes to their positions in the stock. CYBER HORNET ETFs LLC purchased a new stake in Mosaic in the second quarter valued at approximately $31,000. MUFG Securities EMEA plc acquired a new position in Mosaic during the second quarter worth $34,000. Geneos Wealth Management Inc. boosted its position in shares of Mosaic by 169.3% during the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after buying an additional 601 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Mosaic by 57.6% during the third quarter. Smartleaf Asset Management LLC now owns 1,135 shares of the basic materials company’s stock worth $39,000 after buying an additional 415 shares during the period. Finally, Foster Dykema Cabot & Partners LLC grew its stake in shares of Mosaic by 54.3% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 1,157 shares of the basic materials company’s stock valued at $40,000 after buying an additional 407 shares in the last quarter. 77.54% of the stock is currently 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.