The Mosaic’s “Sector Perform” Rating Reaffirmed at CIBC (MOS)
The Mosaic (NYSE:MOS)‘s stock had its “sector perform” rating reiterated by equities research analysts at CIBC in a research note issued to investors on Wednesday, StockRatingsNetwork reports. They currently have a $50.00 target price on the stock. CIBC’s price objective would indicate a potential upside of 10.79% from the company’s current price.
MOS has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of The Mosaic (NYSE:MOS) from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, September 4th. They now have a $42.20 price target on the stock. Separately, analysts at Scotiabank cut their price target on shares of The Mosaic (NYSE:MOS) from $50.00 to $46.00 in a research note to investors on Tuesday, August 27th. Finally, analysts at HSBC downgraded shares of The Mosaic (NYSE:MOS) from a “neutral” rating to an “underweight” rating in a research note to investors on Wednesday, August 21st. They now have a $33.00 price target on the stock, down previously from $66.00.
One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $55.08.
The Mosaic (NYSE:MOS) traded up 0.29% during mid-day trading on Wednesday, hitting $45.13. The stock had a trading volume of 7,345,743 shares. The Mosaic has a 52 week low of $39.75 and a 52 week high of $64.65. The stock’s 50-day moving average is $43.03 and its 200-day moving average is $54.62. The company has a market cap of $19.217 billion and a P/E ratio of 10.18.
The Mosaic (NYSE:MOS) last announced its earnings results on Tuesday, July 16th. The company reported $1.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.14. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. The company’s revenue for the quarter was down 4.5% on a year-over-year basis.
The Mosaic Company (NYSE:MOS) is a producer and marketer of combined concentrated phosphate and potash crop nutrients for the global agriculture industry.
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