UBS Group Trims Mosaic (MOS) Target Price to $38.00

Mosaic (NYSE:MOS) had its price objective reduced by UBS Group from $40.00 to $38.00 in a research report report published on Monday, BenzingaRatingsTable reports. UBS Group currently has a buy rating on the basic materials company’s stock.

Other research analysts also recently issued reports about the company. Zacks Investment Research downgraded Mosaic from a buy rating to a hold rating in a report on Tuesday, January 29th. BMO Capital Markets reduced their target price on Mosaic from $34.00 to $32.00 and set a market perform rating on the stock in a report on Friday. Berenberg Bank began coverage on Mosaic in a report on Tuesday, March 26th. They issued a hold rating and a $30.00 target price on the stock. Citigroup downgraded Mosaic from a buy rating to a neutral rating and reduced their target price for the stock from $38.00 to $27.50 in a report on Friday. Finally, Credit Suisse Group raised Mosaic from an underperform rating to a neutral rating and set a $27.49 target price on the stock in a report on Thursday, March 28th. Eleven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Hold and a consensus price target of $35.80.

MOS stock opened at $27.84 on Monday. Mosaic has a twelve month low of $22.90 and a twelve month high of $37.37. The stock has a market cap of $10.53 billion, a P/E ratio of 13.13, a PEG ratio of 1.66 and a beta of 1.47. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.79 and a current ratio of 1.71.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Monday, February 25th. The basic materials company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.20. The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.36 billion. Mosaic had a return on equity of 7.71% and a net margin of 4.90%. The company’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period in the previous year, the business earned ($1.23) earnings per share. On average, sell-side analysts predict that Mosaic will post 2.35 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the business. Private Capital Group LLC raised its holdings in Mosaic by 50.8% in the 4th quarter. Private Capital Group LLC now owns 1,203 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 405 shares during the period. Securian Asset Management Inc raised its holdings in Mosaic by 1.7% in the 4th quarter. Securian Asset Management Inc now owns 36,260 shares of the basic materials company’s stock valued at $1,059,000 after acquiring an additional 612 shares during the period. Contravisory Investment Management Inc. raised its holdings in Mosaic by 4.7% in the 4th quarter. Contravisory Investment Management Inc. now owns 14,012 shares of the basic materials company’s stock valued at $409,000 after acquiring an additional 626 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in Mosaic by 8.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 7,931 shares of the basic materials company’s stock valued at $232,000 after acquiring an additional 649 shares during the period. Finally, BB&T Securities LLC raised its holdings in Mosaic by 9.9% in the 4th quarter. BB&T Securities LLC now owns 7,716 shares of the basic materials company’s stock valued at $225,000 after acquiring an additional 696 shares during the period. Institutional investors own 78.42% of the company’s stock.

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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