Mosaic (NYSE:MOS) Given New $32.00 Price Target at BMO Capital Markets

Mosaic (NYSE:MOS) had its target price decreased by BMO Capital Markets from $34.00 to $32.00 in a research report issued to clients and investors on Friday, March 29th, The Fly reports. The firm presently has a “market perform” rating on the basic materials company’s stock. BMO Capital Markets’ target price points to a potential upside of 18.21% from the stock’s previous close.

A number of other equities analysts have also issued reports on the stock. Citigroup lowered shares of Mosaic from a “buy” rating to a “neutral” rating and decreased their target price for the company from $38.00 to $27.50 in a research report on Friday, March 29th. Credit Suisse Group upgraded shares of Mosaic from an “underperform” rating to a “neutral” rating and set a $27.49 target price for the company in a research report on Thursday, March 28th. Berenberg Bank assumed coverage on shares of Mosaic in a research report on Tuesday, March 26th. They issued a “hold” rating and a $30.00 target price for the company. Barclays increased their target price on shares of Mosaic from $35.00 to $37.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 27th. Finally, UBS Group set a $40.00 price target on shares of Mosaic and gave the company a “buy” rating in a report on Tuesday, February 26th. Eleven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Mosaic has a consensus rating of “Hold” and a consensus price target of $35.47.

Shares of Mosaic stock traded up $0.17 during trading on Friday, hitting $27.07. 3,989,172 shares of the stock were exchanged, compared to its average volume of 3,738,361. The firm has a market capitalization of $10.43 billion, a P/E ratio of 12.77, a P/E/G ratio of 1.68 and a beta of 1.46. 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 has a 12 month low of $25.43 and a 12 month high of $37.37.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Monday, February 25th. The basic materials company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.57 by $0.20. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.36 billion. Mosaic had a net margin of 4.90% and a return on equity of 7.71%. The company’s quarterly revenue was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.23) earnings per share. As a group, sell-side analysts forecast that Mosaic will post 2.31 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the business. Gulf International Bank UK Ltd boosted its position in shares of Mosaic by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 85,152 shares of the basic materials company’s stock valued at $2,325,000 after acquiring an additional 1,250 shares during the period. Nisa Investment Advisors LLC lifted its position in Mosaic by 3.6% in the first quarter. Nisa Investment Advisors LLC now owns 34,105 shares of the basic materials company’s stock worth $931,000 after purchasing an additional 1,200 shares during the period. Northpointe Capital LLC bought a new position in Mosaic in the first quarter worth $3,086,000. Jolley Asset Management LLC lifted its position in Mosaic by 0.9% in the first quarter. Jolley Asset Management LLC now owns 171,682 shares of the basic materials company’s stock worth $4,689,000 after purchasing an additional 1,570 shares during the period. Finally, Jag Capital Management LLC bought a new position in Mosaic in the first quarter worth $1,514,000. 78.40% of the stock is owned by institutional investors.

Mosaic Company Profile

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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