The Mosaic Rating Reiterated by CIBC (MOS)
The Mosaic (NYSE:MOS)‘s stock had its “sector perform” rating reaffirmed by equities research analysts at CIBC in a research note issued to investors on Friday, Stock Ratings Network reports. They currently have a $50.00 price target on the stock. CIBC’s price objective would indicate a potential upside of 7.27% from the stock’s previous close.
The Mosaic (NYSE:MOS) traded up 0.22% during mid-day trading on Friday, hitting $46.61. The stock had a trading volume of 2,913,665 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 $44.66 and its 200-day moving average is $52.25. The company has a market cap of $19.848 billion and a price-to-earnings ratio of 10.52.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Tuesday, December 3rd.
MOS has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of The Mosaic from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, October 3rd. They now have a $43.60 price target on the stock. Separately, analysts at BMO Capital Markets cut their price target on shares of The Mosaic from $43.00 to $41.00 in a research note to investors on Thursday, September 26th. They now have a “market perform” rating on the stock. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $52.83.
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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