Brokerages Set Mosaic Co (MOS) PT at $34.00

Mosaic Co (NYSE:MOS) has earned an average recommendation of “Buy” from the nineteen analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $34.00.

MOS has been the topic of several analyst reports. Citigroup upped their price target on shares of Mosaic from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 11th. BMO Capital Markets reaffirmed a “hold” rating and set a $30.00 price target (up from $28.00) on shares of Mosaic in a research report on Tuesday, August 7th. Zacks Investment Research raised shares of Mosaic from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Tuesday, October 23rd. Credit Suisse Group upped their price target on shares of Mosaic from $25.00 to $26.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 8th. Finally, Cowen upped their price target on shares of Mosaic from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 14th.

Shares of MOS opened at $30.44 on Friday. Mosaic has a 12 month low of $21.94 and a 12 month high of $34.01. The firm has a market cap of $11.49 billion, a P/E ratio of 27.93, a price-to-earnings-growth ratio of 2.44 and a beta of 1.54. The company has a quick ratio of 0.77, a current ratio of 1.61 and a debt-to-equity ratio of 0.45.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Thursday, December 6th will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.33%. The ex-dividend date is Wednesday, December 5th. Mosaic’s payout ratio is presently 9.17%.

In related news, Director Luciano Siani Pires acquired 2,000 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were bought at an average cost of $29.68 per share, with a total value of $59,360.00. Following the completion of the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at $59,360. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.45% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Piedmont Investment Advisors LLC bought a new position in shares of Mosaic in the second quarter valued at about $115,000. Rehmann Capital Advisory Group raised its position in shares of Mosaic by 12,038.5% in the second quarter. Rehmann Capital Advisory Group now owns 4,734 shares of the basic materials company’s stock valued at $133,000 after purchasing an additional 4,695 shares during the period. Acadian Asset Management LLC bought a new position in shares of Mosaic in the second quarter valued at about $144,000. Whittier Trust Co. raised its position in shares of Mosaic by 123.2% in the second quarter. Whittier Trust Co. now owns 3,370 shares of the basic materials company’s stock valued at $167,000 after purchasing an additional 1,860 shares during the period. Finally, First Hawaiian Bank bought a new position in shares of Mosaic in the third quarter valued at about $175,000. 74.85% of the stock is currently owned by institutional investors.

About Mosaic

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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