Mosaic (NYSE:MOS) Given New $24.00 Price Target at JPMorgan Chase & Co.

Mosaic (NYSE:MOS) had its target price reduced by JPMorgan Chase & Co. from $27.00 to $24.00 in a research note released on Friday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the basic materials company’s stock.

Several other research analysts also recently commented on MOS. Royal Bank of Canada decreased their price objective on Mosaic from $35.00 to $32.00 and set an outperform rating on the stock in a report on Wednesday, August 7th. CIBC downgraded Mosaic from a sector outperform rating to a neutral rating in a report on Wednesday, August 7th. BMO Capital Markets set a $27.00 price objective on Mosaic and gave the stock a hold rating in a report on Wednesday, August 7th. Standpoint Research upgraded Mosaic from a hold rating to a buy rating in a report on Wednesday, June 5th. Finally, Cowen decreased their price objective on Mosaic from $30.00 to $25.00 and set an outperform rating on the stock in a report on Wednesday, August 28th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $30.63.

Shares of MOS stock opened at $22.97 on Friday. The company has a quick ratio of 0.60, a current ratio of 1.67 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average price of $20.79 and a two-hundred day moving average price of $24.12. Mosaic has a 12-month low of $17.36 and a 12-month high of $37.37. The firm has a market cap of $8.48 billion, a P/E ratio of 10.83, a price-to-earnings-growth ratio of 2.65 and a beta of 1.64.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.18). The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Mosaic had a return on equity of 6.87% and a net margin of 2.70%. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 EPS. As a group, research analysts expect that Mosaic will post 1.16 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, September 5th will be issued a dividend of $0.05 per share. The ex-dividend date is Wednesday, September 4th. This represents a $0.20 dividend on an annualized basis and a yield of 0.87%. Mosaic’s dividend payout ratio is presently 9.43%.

In other Mosaic news, Director Cheryl K. Beebe purchased 12,998 shares of Mosaic stock in a transaction that occurred on Wednesday, August 21st. The shares were bought at an average price of $19.21 per share, for a total transaction of $249,691.58. Following the acquisition, the director now directly owns 23,704 shares in the company, valued at $455,353.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William T. Monahan purchased 2,360 shares of Mosaic stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average price of $21.15 per share, for a total transaction of $49,914.00. Following the acquisition, the director now owns 39,235 shares in the company, valued at $829,820.25. The disclosure for this purchase can be found here. 0.51% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the stock. Stonebridge Capital Advisors LLC purchased a new position in shares of Mosaic during the 2nd quarter worth approximately $32,000. Captrust Financial Advisors grew its holdings in shares of Mosaic by 207.9% during the 2nd quarter. Captrust Financial Advisors now owns 1,404 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 948 shares during the period. Rockefeller Capital Management L.P. grew its holdings in shares of Mosaic by 169.1% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 1,596 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 1,003 shares during the period. Meridian Wealth Management LLC purchased a new position in shares of Mosaic during the 1st quarter worth approximately $41,000. Finally, Rational Advisors LLC grew its holdings in shares of Mosaic by 2,825.9% during the 1st quarter. Rational Advisors LLC now owns 1,580 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 1,526 shares during the period. Institutional investors own 74.89% of the company’s stock.

About Mosaic

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.

Featured Story: Day Trading

Analyst Recommendations for Mosaic (NYSE:MOS)

Receive News & Ratings for Mosaic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mosaic and related companies with MarketBeat.com's FREE daily email newsletter.