Mosaic Company (The) (NYSE:MOS)‘s stock had its “sector perform” rating reiterated by Royal Bank Of Canada in a research note issued to investors on Tuesday. They currently have a $23.00 price target on the basic materials company’s stock, down from their prior price target of $25.00. Royal Bank Of Canada’s target price would suggest a potential upside of 6.78% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley cut their target price on shares of Mosaic Company (The) from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Monday. Zacks Investment Research cut shares of Mosaic Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, April 20th. BMO Capital Markets set a $26.00 target price on shares of Mosaic Company (The) and gave the company a “hold” rating in a research note on Saturday, May 6th. BidaskClub upgraded shares of Mosaic Company (The) from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $27.00 target price on shares of Mosaic Company (The) in a research note on Friday, July 14th. Seven analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $25.36.

Mosaic Company (MOS) traded down 1.96% during mid-day trading on Tuesday, reaching $21.54. The company had a trading volume of 5,481,579 shares. The stock has a market capitalization of $7.56 billion, a price-to-earnings ratio of 51.29 and a beta of 1.24. Mosaic Company has a 52-week low of $21.43 and a 52-week high of $34.36. The company’s 50 day moving average is $23.27 and its 200 day moving average is $26.78.

Mosaic Company (The) (NYSE:MOS) last posted its earnings results on Tuesday, August 1st. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. Mosaic Company (The) had a net margin of 2.07% and a return on equity of 3.31%. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the previous year, the company posted $0.06 earnings per share. Mosaic Company (The)’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities analysts predict that Mosaic Company will post $1.07 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Royal Bank Of Canada Reaffirms “Sector Perform” Rating for Mosaic Company (The) (MOS)” was reported by American Banking News and is the sole property of of American Banking News. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The correct version of this story can be read at https://www.americanbankingnews.com/2017/08/08/royal-bank-of-canada-reaffirms-sector-perform-rating-for-mosaic-company-the-mos.html.

In other Mosaic Company (The) news, Director Nancy E. Cooper sold 1,100 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $23.39, for a total transaction of $25,729.00. Following the completion of the sale, the director now owns 8,260 shares in the company, valued at approximately $193,201.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.38% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Mosaic Company (The) by 3.6% in the first quarter. Vanguard Group Inc. now owns 35,460,881 shares of the basic materials company’s stock valued at $1,034,747,000 after buying an additional 1,233,929 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Mosaic Company (The) by 2,930.1% in the first quarter. BlackRock Inc. now owns 24,977,023 shares of the basic materials company’s stock valued at $728,828,000 after buying an additional 24,152,726 shares during the last quarter. Shapiro Capital Management LLC boosted its stake in shares of Mosaic Company (The) by 11.4% in the first quarter. Shapiro Capital Management LLC now owns 5,533,162 shares of the basic materials company’s stock valued at $161,458,000 after buying an additional 565,032 shares during the last quarter. Morgan Stanley boosted its stake in shares of Mosaic Company (The) by 5.4% in the first quarter. Morgan Stanley now owns 5,125,609 shares of the basic materials company’s stock valued at $149,565,000 after buying an additional 262,749 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Mosaic Company (The) by 171.9% in the first quarter. FMR LLC now owns 5,108,486 shares of the basic materials company’s stock valued at $149,066,000 after buying an additional 3,229,860 shares during the last quarter. Institutional investors own 82.40% of the company’s stock.

About Mosaic Company (The)

The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.

Analyst Recommendations for Mosaic Company (The) (NYSE:MOS)

Receive News & Ratings for Mosaic Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mosaic Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.