Mosaic (NYSE:MOS) Given New $38.00 Price Target at Wolfe Research

Mosaic (NYSE:MOS) had its target price reduced by research analysts at Wolfe Research from $41.00 to $38.00 in a research note issued to investors on Friday,MarketScreener reports. The firm presently has an “outperform” rating on the basic materials company’s stock. Wolfe Research’s target price would suggest a potential upside of 44.10% from the stock’s current price.

Several other equities research analysts have also recently weighed in on MOS. BNP Paribas Exane reduced their price objective on Mosaic from $43.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, November 24th. JPMorgan Chase & Co. cut their target price on Mosaic from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Morgan Stanley increased their price target on Mosaic from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday. Oppenheimer set a $35.00 price objective on shares of Mosaic in a research note on Friday. Finally, Mizuho reduced their target price on shares of Mosaic from $31.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $31.50.

Mosaic Price Performance

Mosaic stock opened at $26.37 on Friday. Mosaic has a 52-week low of $22.36 and a 52-week high of $38.23. The company has a quick ratio of 0.40, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The firm’s fifty day moving average is $24.79 and its 200 day moving average is $30.21. The company has a market cap of $8.37 billion, a price-to-earnings ratio of 6.83, a PEG ratio of 1.16 and a beta of 0.94.

Mosaic (NYSE:MOS) last posted its earnings results on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. The firm had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.87 billion. Mosaic had a net margin of 10.33% and a return on equity of 6.46%. The business’s quarterly revenue was up 22.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 EPS. Sell-side analysts forecast that Mosaic will post 2.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Mosaic

Several large investors have recently modified their holdings of the business. AQR Capital Management LLC increased its position in shares of Mosaic by 632.6% during the third quarter. AQR Capital Management LLC now owns 8,447,324 shares of the basic materials company’s stock worth $291,348,000 after purchasing an additional 7,294,205 shares in the last quarter. Norges Bank purchased a new position in Mosaic during the 2nd quarter worth $158,085,000. Bank of New York Mellon Corp increased its position in Mosaic by 102.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,701,610 shares of the basic materials company’s stock valued at $267,092,000 after buying an additional 3,894,947 shares in the last quarter. Truist Financial Corp increased its position in Mosaic by 13,275.9% during the 2nd quarter. Truist Financial Corp now owns 2,022,840 shares of the basic materials company’s stock valued at $73,793,000 after buying an additional 2,007,717 shares in the last quarter. Finally, Merewether Investment Management LP purchased a new stake in Mosaic in the second quarter valued at about $72,380,000. Institutional investors own 77.54% of the company’s stock.

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.