Shares of Mosaic Co (NYSE:MOS) have earned an average recommendation of “Hold” from the twenty research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $33.13.
Several equities research analysts have weighed in on the stock. Cowen reaffirmed an “outperform” rating and issued a $33.00 price target (down from $42.00) on shares of Mosaic in a research note on Tuesday. TheStreet downgraded shares of Mosaic from a “b-” rating to a “c+” rating in a research note on Thursday, May 9th. Barclays reaffirmed a “hold” rating and issued a $28.00 price target on shares of Mosaic in a research note on Thursday, May 9th. Royal Bank of Canada decreased their target price on shares of Mosaic from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. raised shares of Mosaic from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $33.00 to $27.00 in a research report on Wednesday, May 8th.
In other Mosaic news, CEO James Calvin O’rourke bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was bought at an average cost of $24.03 per share, with a total value of $240,300.00. Following the completion of the transaction, the chief executive officer now directly owns 168,345 shares in the company, valued at approximately $4,045,330.35. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Emery N. Koenig bought 2,089 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were acquired at an average cost of $23.95 per share, with a total value of $50,031.55. Following the completion of the transaction, the director now owns 25,244 shares of the company’s stock, valued at $604,593.80. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 17,339 shares of company stock valued at $414,182. 0.51% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc grew its position in Mosaic by 1.5% in the 3rd quarter. Vanguard Group Inc now owns 37,330,375 shares of the basic materials company’s stock worth $1,212,490,000 after purchasing an additional 541,783 shares in the last quarter. BlackRock Inc. grew its position in Mosaic by 3.2% in the 4th quarter. BlackRock Inc. now owns 25,829,156 shares of the basic materials company’s stock worth $754,470,000 after purchasing an additional 804,263 shares in the last quarter. FMR LLC grew its position in Mosaic by 23.0% in the 4th quarter. FMR LLC now owns 17,982,539 shares of the basic materials company’s stock worth $525,270,000 after purchasing an additional 3,363,282 shares in the last quarter. Boston Partners grew its position in Mosaic by 21.1% in the 1st quarter. Boston Partners now owns 17,250,762 shares of the basic materials company’s stock worth $471,118,000 after purchasing an additional 3,007,121 shares in the last quarter. Finally, Northern Trust Corp grew its position in Mosaic by 6.4% in the 1st quarter. Northern Trust Corp now owns 7,082,416 shares of the basic materials company’s stock worth $193,421,000 after purchasing an additional 425,882 shares in the last quarter. 78.88% of the stock is owned by institutional investors and hedge funds.
MOS opened at $22.82 on Thursday. Mosaic has a 1-year low of $22.55 and a 1-year high of $37.37. The company has a quick ratio of 0.66, a current ratio of 1.73 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $8.83 billion, a price-to-earnings ratio of 10.76, a P/E/G ratio of 2.01 and a beta of 1.42.
Mosaic (NYSE:MOS) last posted its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.04. Mosaic had a net margin of 5.85% and a return on equity of 7.88%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the firm posted $0.20 earnings per share. The business’s revenue was down 1.8% compared to the same quarter last year. On average, equities analysts predict that Mosaic will post 1.63 earnings per share for the current year.
The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and International Distribution. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names.
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