Scotiabank Cuts Mosaic (NYSE:MOS) Price Target to $35.00

Mosaic (NYSE:MOS) had its target price reduced by Scotiabank from $36.00 to $35.00 in a research report released on Monday morning,Benzinga reports. They currently have a sector outperform rating on the basic materials company’s stock.

A number of other research analysts have also weighed in on the company. Barclays reduced their target price on Mosaic from $35.00 to $31.00 and set an “overweight” rating for the company in a report on Tuesday, December 9th. Zacks Research raised shares of Mosaic from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 9th. Wells Fargo & Company lowered their target price on shares of Mosaic from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday, January 23rd. UBS Group reduced their price target on shares of Mosaic from $38.00 to $33.00 and set a “buy” rating for the company in a research report on Monday, January 12th. Finally, BNP Paribas Exane lowered their price objective on Mosaic from $43.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, November 24th. Six analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Mosaic currently has an average rating of “Hold” and an average price target of $30.94.

Mosaic Price Performance

Mosaic stock opened at $26.04 on Monday. Mosaic has a 52 week low of $22.36 and a 52 week high of $38.23. The company’s 50 day moving average price is $27.36 and its two-hundred day moving average price is $28.61. The stock has a market cap of $8.27 billion, a P/E ratio of 15.41, a P/E/G ratio of 1.47 and a beta of 0.95. The company has a quick ratio of 0.47, a current ratio of 1.32 and a debt-to-equity ratio of 0.35.

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

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 9th will be issued a $0.22 dividend. The ex-dividend date is Monday, March 9th. This represents a $0.88 annualized dividend and a yield of 3.4%. Mosaic’s dividend payout ratio is 52.07%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MOS. First Horizon Advisors Inc. raised its stake in Mosaic by 172.5% during the second quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock valued at $25,000 after buying an additional 433 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Mosaic by 169.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 601 shares during the last quarter. Rothschild Investment LLC raised its position in shares of Mosaic by 650.0% in the 2nd quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 650 shares during the last quarter. Rexford Capital Inc. bought a new position in Mosaic in the 2nd quarter worth about $28,000. Finally, True Wealth Design LLC grew its position in Mosaic by 1,819.0% during the 3rd quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 764 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

About Mosaic

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.