Mosaic (MOS) Price Target Raised to $36.00

Mosaic (NYSE:MOS) had its target price upped by Morgan Stanley from $33.00 to $36.00 in a report released on Thursday morning. Morgan Stanley currently has a hold rating on the basic materials company’s stock.

Other equities research analysts have also issued research reports about the stock. Royal Bank of Canada increased their price objective on shares of Mosaic from $35.00 to $36.00 and gave the company a buy rating in a research note on Thursday, August 9th. Susquehanna Bancshares increased their price objective on shares of Mosaic from $33.00 to $40.00 and gave the company a positive rating in a research note on Monday, August 27th. Cowen increased their price objective on shares of Mosaic from $36.00 to $38.00 and gave the company an outperform rating in a research note on Tuesday, August 14th. BMO Capital Markets reiterated a hold rating and issued a $30.00 price objective (up previously from $28.00) on shares of Mosaic in a research note on Tuesday, August 7th. Finally, Bank of America upgraded shares of Mosaic from an underperform rating to a buy rating and increased their price objective for the company from $24.00 to $35.00 in a research note on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $33.62.

NYSE:MOS traded up $0.31 on Thursday, hitting $33.16. The stock had a trading volume of 3,752,601 shares, compared to its average volume of 3,779,259. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.77 and a current ratio of 1.61. The firm has a market cap of $12.78 billion, a price-to-earnings ratio of 24.20, a price-to-earnings-growth ratio of 2.73 and a beta of 1.54. Mosaic has a 1 year low of $20.75 and a 1 year high of $34.01.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Monday, August 6th. The basic materials company reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.02. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.30 billion. Mosaic had a negative net margin of 1.14% and a positive return on equity of 4.88%. The company’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same quarter last year, the business posted $0.29 EPS. As a group, sell-side analysts forecast that Mosaic will post 1.74 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Thursday, December 6th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, December 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.30%. Mosaic’s payout ratio is currently 9.17%.

In related news, Director Luciano Siani Pires purchased 2,000 shares of the firm’s stock in a transaction dated Thursday, August 16th. The stock was bought at an average price of $29.68 per share, for a total transaction of $59,360.00. Following the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $59,360. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.45% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Piedmont Investment Advisors LLC purchased a new stake in shares of Mosaic during the 2nd quarter worth approximately $115,000. Rehmann Capital Advisory Group increased its stake in shares of Mosaic by 12,038.5% during the 2nd quarter. Rehmann Capital Advisory Group now owns 4,734 shares of the basic materials company’s stock worth $133,000 after purchasing an additional 4,695 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Mosaic during the 2nd quarter worth approximately $144,000. Whittier Trust Co. increased its stake in shares of Mosaic by 123.2% during the 2nd quarter. Whittier Trust Co. now owns 3,370 shares of the basic materials company’s stock worth $167,000 after purchasing an additional 1,860 shares during the last quarter. Finally, First Hawaiian Bank purchased a new stake in shares of Mosaic during the 3rd quarter worth approximately $175,000. Institutional investors own 74.86% of the company’s stock.

Mosaic Company Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. 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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Analyst Recommendations for Mosaic (NYSE:MOS)

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