Mosaic Co. (MOS) Given Average Recommendation of “Hold” by Analysts
Shares of Mosaic Co. (NYSE:MOS) have been assigned an average recommendation of “Hold” from the twenty-four research firms that are presently covering the company. Nine investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is €25.83 ($27.78).
Several research analysts have recently weighed in on the stock. BMO Capital Markets reiterated a “hold” rating and set a $23.00 price target on shares of Mosaic in a research note on Wednesday, August 3rd. Credit Suisse Group AG cut shares of Mosaic from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $26.26 to $21.00 in a research note on Tuesday, August 2nd. Susquehanna cut shares of Mosaic from a “positive” rating to a “neutral” rating and dropped their price target for the stock from $30.00 to $28.00 in a research note on Wednesday, August 17th. Citigroup Inc. lifted their price target on shares of Mosaic from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, August 4th. Finally, Zacks Investment Research upgraded shares of Mosaic from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Tuesday.
Shares of Mosaic (NYSE:MOS) traded up 2.49% on Friday, reaching $28.01. 1,830,196 shares of the company traded hands. The firm has a market capitalization of $9.81 billion, a P/E ratio of 22.32 and a beta of 1.25. The stock has a 50-day moving average price of $24.97 and a 200 day moving average price of $26.45. Mosaic has a 1-year low of $22.02 and a 1-year high of $32.66.
Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, November 1st. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.23. Mosaic had a net margin of 5.91% and a return on equity of 3.78%. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter last year, the company posted $0.62 earnings per share. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. Analysts anticipate that Mosaic will post $0.74 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.02%. Mosaic’s dividend payout ratio is presently 88.00%.
Several institutional investors have recently added to or reduced their stakes in the company. Suntrust Banks Inc. boosted its position in Mosaic by 0.9% in the second quarter. Suntrust Banks Inc. now owns 8,046 shares of the company’s stock worth $210,000 after buying an additional 74 shares in the last quarter. Indiana Trust & Investment Management CO boosted its stake in Mosaic by 0.5% in the third quarter. Indiana Trust & Investment Management CO now owns 17,319 shares of the company’s stock valued at $424,000 after buying an additional 90 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in Mosaic by 0.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 17,820 shares of the company’s stock valued at $436,000 after buying an additional 110 shares during the period. Conning Inc. boosted its stake in Mosaic by 1.9% in the second quarter. Conning Inc. now owns 8,920 shares of the company’s stock valued at $234,000 after buying an additional 170 shares during the period. Finally, Gateway Investment Advisers LLC boosted its stake in Mosaic by 0.8% in the second quarter. Gateway Investment Advisers LLC now owns 26,302 shares of the company’s stock valued at $689,000 after buying an additional 221 shares during the period. 88.16% of the stock is owned by hedge funds and other institutional investors.
Mosaic Company Profile
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company’s segments include Phosphates, Potash and International Distribution. Its Phosphates Segment sells phosphate-based crop nutrients and animal feed ingredients throughout North America and internationally.
Receive News & Stock Ratings for Mosaic Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mosaic Co. and related stocks with our FREE daily email newsletter.