Mosaic (NYSE:MOS) Earns Equal Weight Rating from Barclays

Mosaic (NYSE:MOS)‘s stock had its “equal weight” rating reaffirmed by Barclays in a report released on Tuesday, Marketbeat reports. They presently have a $31.00 target price on the basic materials company’s stock. Barclays‘s target price suggests a potential upside of 19.05% from the stock’s previous close.

MOS has been the subject of a number of other reports. UBS Group cut their price objective on Mosaic from $38.00 to $33.00 and set a “buy” rating for the company in a report on Monday, January 12th. Canadian Imperial Bank of Commerce cut their target price on Mosaic from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. JPMorgan Chase & Co. cut shares of Mosaic from a “neutral” rating to an “underweight” rating and set a $24.00 price target on the stock. in a research report on Thursday, February 26th. Bank of America lowered their price objective on shares of Mosaic from $39.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Finally, Oppenheimer set a $35.00 price objective on shares of Mosaic in a research note on Friday, January 16th. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $30.94.

Mosaic Trading Down 2.8%

NYSE MOS opened at $26.04 on Tuesday. The business’s fifty day moving average is $27.36 and its 200-day moving average is $28.61. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.47. The stock has a market capitalization of $8.27 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 1.47 and a beta of 0.95. Mosaic has a one year low of $22.36 and a one year high of $38.23.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Tuesday, February 24th. The basic materials company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.26). The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.02 billion. Mosaic had a return on equity of 5.80% and a net margin of 4.49%.The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the business posted $0.45 earnings per share. Equities research analysts predict that Mosaic will post 2.04 EPS for the current year.

Institutional Investors Weigh In On Mosaic

Several institutional investors and hedge funds have recently modified their holdings of MOS. Fiduciary Alliance LLC bought a new stake in Mosaic during the third quarter worth approximately $1,969,000. Hussman Strategic Advisors Inc. purchased a new stake in shares of Mosaic during the third quarter valued at $2,913,000. Scotia Capital Inc. boosted its position in Mosaic by 395.1% in the 2nd quarter. Scotia Capital Inc. now owns 87,556 shares of the basic materials company’s stock valued at $3,194,000 after buying an additional 69,873 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in Mosaic by 65.7% in the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 157,267 shares of the basic materials company’s stock worth $5,682,000 after purchasing an additional 62,338 shares in the last quarter. Finally, Gradient Investments LLC bought a new position in shares of Mosaic during the 3rd quarter worth $12,678,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Company Profile

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.