Canaccord Genuity Increases Mosaic Price Target to $48.00 (MOS)
Analysts at Canaccord Genuity upped their price objective on shares of Mosaic (NYSE:MOS) to $48.00 in a research report issued to clients and investors on Wednesday, AnalystRatings.NET reports. Canaccord Genuity’s price target indicates a potential downside of 0.95% from the stock’s previous close.
Mosaic (NYSE:MOS) opened at 48.46 on Wednesday. Mosaic has a 52 week low of $39.75 and a 52 week high of $62.79. The stock has a 50-day moving average of $48. and a 200-day moving average of $47.52. The company has a market cap of $18.328 billion and a price-to-earnings ratio of 49.39.
Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.54 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.59 by $0.05. The company had revenue of $2.00 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter last year, the company posted $0.89 earnings per share. Mosaic’s revenue was down 14.1% compared to the same quarter last year. Analysts expect that Mosaic will post $2.81 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Mosaic in a research note on Monday, April 21st. They now have a $51.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Mosaic from $48.00 to $50.00 in a research note on Thursday, April 10th. They now have an “equal weight” rating on the stock. Finally, analysts at CIBC raised their price target on shares of Mosaic from $48.00 to $49.00 in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $50.14.
The Mosaic Company (NYSE:MOS) is a producer and marketer of combined concentrated phosphate and potash crop nutrients.
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