Mosaic Coverage Initiated at Societe Generale (MOS)
Equities researchers at Societe Generale initiated coverage on shares of Mosaic (NYSE:MOS) in a research report issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Shares of Mosaic (NYSE:MOS) traded down 0.49% on Thursday, hitting $47.02. 858,657 shares of the company’s stock traded hands. Mosaic has a one year low of $41.42 and a one year high of $51.25. The stock has a 50-day moving average of $47.09 and a 200-day moving average of $48.. The company has a market cap of $17.616 billion and a P/E ratio of 88.32.
Mosaic (NYSE:MOS) last issued its quarterly 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 2.12%. The ex-dividend date is Tuesday, September 2nd.
A number of other firms have also recently commented on MOS. 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $48.77.
The Mosaic Company (NYSE:MOS) is a producer and marketer of combined concentrated phosphate and potash crop nutrients.
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