Royal Bank Of Canada Has Lowered Expectations for Mosaic (NYSE:MOS) Stock Price

Mosaic (NYSE:MOS) had its price objective decreased by research analysts at Royal Bank Of Canada from $29.00 to $28.00 in a note issued to investors on Thursday, MarketBeat Ratings reports. The firm currently has a “sector perform” rating on the basic materials company’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 0.77% from the company’s current price.

Several other equities analysts have also recently commented on MOS. BNP Paribas Exane reduced their target price on Mosaic from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, November 24th. Bank of America reduced their price target on shares of Mosaic from $39.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Mizuho decreased their price target on Mosaic from $31.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, December 18th. HSBC cut their price objective on Mosaic from $35.00 to $26.00 and set a “hold” rating on the stock in a research note on Monday, November 24th. Finally, Morgan Stanley lifted their target price on Mosaic from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 14th. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $31.00.

Mosaic Trading Up 2.3%

MOS opened at $27.79 on Thursday. The firm’s 50 day moving average is $27.21 and its 200-day moving average is $28.74. Mosaic has a 52-week low of $22.36 and a 52-week high of $38.23. The company has a quick ratio of 0.40, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $8.82 billion, a P/E ratio of 16.44, a P/E/G ratio of 1.26 and a beta of 0.97.

Mosaic (NYSE:MOS) last announced its earnings results on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.26). Mosaic had a net margin of 4.49% and a return on equity of 5.80%. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter last year, the company posted $0.45 earnings per share. Mosaic’s revenue for the quarter was up 5.6% compared to the same quarter last year. Analysts expect that Mosaic will post 2.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. increased its holdings in shares of Mosaic by 172.5% during the second quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 433 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Mosaic by 169.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after buying an additional 601 shares in the last quarter. Rothschild Investment LLC lifted its stake in shares of Mosaic by 650.0% in the 2nd quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 650 shares during the period. Rexford Capital Inc. bought a new position in shares of Mosaic in the second quarter valued at approximately $28,000. Finally, True Wealth Design LLC increased its stake in shares of Mosaic by 1,819.0% during the third quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 764 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.

About Mosaic

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.