Mosaic Receives Consensus Recommendation of “Hold” from Analysts (NYSE:MOS)
Mosaic (NYSE:MOS) has been given a consensus recommendation of “Hold” by the fourteen brokerages that are currently covering the stock, AmericanBankingNews.com reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $48.77.
Shares of Mosaic (NYSE:MOS) traded up 0.25% on Tuesday, hitting $47.65. The stock had a trading volume of 173,208 shares. Mosaic has a 52 week low of $40.97 and a 52 week high of $51.25. The stock’s 50-day moving average is $47.13 and its 200-day moving average is $48.5. The company has a market cap of $17.852 billion and a P/E ratio of 88.84.
Mosaic (NYSE:MOS) last released its earnings data on Thursday, July 31st. The company reported $0.64 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.72 by $0.08. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.54 billion. The company’s quarterly revenue was down 6.8% on a year-over-year basis. On average, analysts predict that Mosaic will post $2.65 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Tuesday, September 2nd.
A number of analysts have recently weighed in on MOS shares. Analysts at BGC Financial downgraded shares of Mosaic from a “hold” rating to a “sell” rating in a research note on Wednesday, August 13th. They now have a $40.00 price target on the stock. Separately, analysts at Macquarie downgraded shares of Mosaic to a “buy” rating in a research note on Monday, August 4th. They now have a $55.00 price target on the stock, up previously from $54.00. Finally, analysts at Canaccord Genuity cut their price target on shares of Mosaic from $50.00 to $48.00 in a research note on Friday, August 1st.
The Mosaic Company (NYSE:MOS) is a producer and marketer of combined concentrated phosphate and potash crop nutrients.
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