Mosaic (NYSE:MOS) had its price target increased by Royal Bank of Canada from $24.00 to $28.00 in a report issued on Friday morning. The brokerage currently has a sector perform rating on the basic materials company’s stock.
Several other analysts have also commented on the stock. JPMorgan Chase & Co. began coverage on shares of Mosaic in a research note on Friday. They set a neutral rating and a $26.00 target price for the company. Cowen increased their target price on shares of Mosaic from $21.00 to $24.00 and gave the company a market perform rating in a research note on Wednesday, November 22nd. Zacks Investment Research raised shares of Mosaic from a hold rating to a buy rating and set a $26.00 target price for the company in a research note on Tuesday, November 14th. Citigroup increased their target price on shares of Mosaic from $23.00 to $25.00 and gave the company a neutral rating in a research note on Thursday, November 2nd. Finally, BMO Capital Markets increased their target price on shares of Mosaic from $23.00 to $24.00 and gave the company a market perform rating in a research note on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $24.68.
Shares of Mosaic (NYSE MOS) traded down $1.19 during trading hours on Friday, hitting $26.03. 1,485,956 shares of the stock were exchanged, compared to its average volume of 4,567,433. The firm has a market cap of $9,200.00, a price-to-earnings ratio of 27.40, a P/E/G ratio of 2.69 and a beta of 1.31. Mosaic has a 12 month low of $19.23 and a 12 month high of $34.36. The company has a current ratio of 1.78, a quick ratio of 0.90 and a debt-to-equity ratio of 0.37.
Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.18. Mosaic had a net margin of 4.68% and a return on equity of 3.61%. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period in the prior year, the business posted $0.41 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. equities analysts forecast that Mosaic will post 1.01 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, March 1st will be given a $0.025 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.10 annualized dividend and a dividend yield of 0.38%. Mosaic’s dividend payout ratio (DPR) is presently 10.53%.
Large investors have recently modified their holdings of the stock. YorkBridge Wealth Partners LLC lifted its position in shares of Mosaic by 13,636.4% in the 3rd quarter. YorkBridge Wealth Partners LLC now owns 6,044 shares of the basic materials company’s stock valued at $130,000 after acquiring an additional 6,000 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Mosaic by 8.7% in the 2nd quarter. Pacer Advisors Inc. now owns 7,366 shares of the basic materials company’s stock valued at $168,000 after acquiring an additional 587 shares in the last quarter. Westover Capital Advisors LLC purchased a new stake in shares of Mosaic in the 2nd quarter valued at approximately $218,000. Captrust Financial Advisors purchased a new stake in shares of Mosaic in the 2nd quarter valued at approximately $238,000. Finally, DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in shares of Mosaic in the 3rd quarter valued at approximately $243,000. Institutional investors and hedge funds own 76.94% of the company’s stock.
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The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.
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