Mosaic (MOS) PT Set at $45.00 by Royal Bank of Canada

Mosaic (NYSE:MOS) received a $45.00 price objective from equities research analysts at Royal Bank of Canada in a research report issued on Wednesday. The brokerage presently has a “buy” rating on the basic materials company’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 21.65% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Mosaic from a “buy” rating to a “hold” rating in a report on Friday, September 7th. Susquehanna Bancshares upped their price target on Mosaic from $33.00 to $40.00 and gave the stock a “positive” rating in a report on Monday, August 27th. Citigroup raised Mosaic from a “neutral” rating to a “buy” rating and upped their price target for the stock from $36.00 to $40.00 in a report on Wednesday, October 10th. ValuEngine raised Mosaic from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Finally, Morgan Stanley upped their price target on Mosaic from $33.00 to $36.00 and gave the stock a “hold” rating in a report on Thursday, October 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $35.43.

Shares of MOS stock opened at $36.99 on Wednesday. The stock has a market capitalization of $13.74 billion, a PE ratio of 33.94, a P/E/G ratio of 2.77 and a beta of 1.42. Mosaic has a 52-week low of $22.29 and a 52-week high of $37.37. The company has a quick ratio of 0.77, a current ratio of 1.67 and a debt-to-equity ratio of 0.42.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Monday, November 5th. The basic materials company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.11. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.95 billion. Mosaic had a positive return on equity of 6.17% and a negative net margin of 0.80%. Mosaic’s quarterly revenue was up 47.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 EPS. As a group, equities research analysts expect that Mosaic will post 1.84 earnings per share for the current fiscal year.

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

Institutional investors have recently made changes to their positions in the business. Whittier Trust Co. raised its holdings in shares of Mosaic by 123.2% during the second quarter. Whittier Trust Co. now owns 3,370 shares of the basic materials company’s stock valued at $167,000 after acquiring an additional 1,860 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of Mosaic during the second quarter valued at approximately $115,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Mosaic by 862.7% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 4,390 shares of the basic materials company’s stock valued at $217,000 after acquiring an additional 3,934 shares during the last quarter. Rehmann Capital Advisory Group raised its holdings in shares of Mosaic by 12,038.5% during the second quarter. Rehmann Capital Advisory Group now owns 4,734 shares of the basic materials company’s stock valued at $133,000 after acquiring an additional 4,695 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Mosaic during the second quarter valued at approximately $144,000. 74.86% of the stock is owned by institutional investors and hedge funds.

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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