Mosaic (NYSE:MOS) had its price objective dropped by stock analysts at Royal Bank of Canada from $38.00 to $35.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the basic materials company’s stock. Royal Bank of Canada’s price target suggests a potential upside of 52.44% from the stock’s previous close.
A number of other brokerages also recently weighed in on MOS. Scotiabank downgraded shares of WEC Energy Group from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $76.00 to $78.00 in a research report on Wednesday, May 8th. TheStreet downgraded shares of Trade Desk from a “b-” rating to a “c-” rating in a report on Thursday, May 9th. Standpoint Research raised shares of CVS Health from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Citigroup raised their price target on shares of PVH from $120.00 to $128.00 and gave the stock a “neutral” rating in a research note on Friday, March 29th. Finally, Credit Suisse Group raised shares of Mosaic from a “neutral” rating to an “outperform” rating and decreased their target price for the company from $30.00 to $28.00 in a research note on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $32.57.
Shares of NYSE MOS traded up $0.47 during mid-day trading on Friday, hitting $22.96. The company’s stock had a trading volume of 230,406 shares, compared to its average volume of 5,448,138. The stock has a market capitalization of $8.68 billion, a PE ratio of 10.82, a price-to-earnings-growth ratio of 2.00 and a beta of 1.57. The company has a current ratio of 1.73, a quick ratio of 0.66 and a debt-to-equity ratio of 0.42. Mosaic has a one year low of $20.81 and a one year high of $37.37. The company has a fifty day simple moving average of $23.04.
Mosaic (NYSE:MOS) last issued its earnings results on Monday, May 6th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.04. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.86 billion. Mosaic had a net margin of 5.85% and a return on equity of 7.88%. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 EPS. On average, equities research analysts anticipate that Mosaic will post 1.65 EPS for the current fiscal year.
In other news, CEO James Calvin O’rourke bought 10,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was bought at an average price of $24.03 per share, with a total value of $240,300.00. Following the completion of the acquisition, the chief executive officer now owns 168,345 shares of the company’s stock, valued at $4,045,330.35. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Emery N. Koenig bought 2,089 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were purchased at an average cost of $23.95 per share, with a total value of $50,031.55. Following the acquisition, the director now directly owns 25,244 shares of the company’s stock, valued at approximately $604,593.80. The disclosure for this purchase can be found here. Insiders have bought 17,339 shares of company stock valued at $414,182 in the last three months. Insiders own 0.51% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Meridian Wealth Management LLC acquired a new position in Mosaic in the first quarter valued at about $41,000. Rational Advisors LLC raised its stake in Mosaic by 2,825.9% in the first quarter. Rational Advisors LLC now owns 1,580 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 1,526 shares in the last quarter. Private Capital Group LLC raised its stake in Mosaic by 57.6% in the first quarter. Private Capital Group LLC now owns 1,896 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 693 shares in the last quarter. CWM LLC raised its stake in Mosaic by 2,795.7% in the first quarter. CWM LLC now owns 2,027 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 1,957 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new position in Mosaic in the first quarter valued at about $78,000. 74.71% of the stock is owned by institutional investors.
Mosaic Company Profile
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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