Mosaic (NYSE:MOS) Stock Price Target Lowered at Royal Bank Of Canada

Mosaic (NYSE:MOS) had its price objective dropped by equities researchers at Royal Bank Of Canada from $25.00 to $23.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a “sector perform” rating on the basic materials company’s stock. Royal Bank Of Canada‘s target price points to a potential upside of 3.07% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Mizuho set a $20.00 target price on shares of Mosaic in a research note on Wednesday. UBS Group reduced their target price on shares of Mosaic from $23.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 27th. Zacks Research raised shares of Mosaic from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Barclays decreased their price target on shares of Mosaic from $26.00 to $22.00 and set an “equal weight” rating for the company in a research note on Friday, October 16th. Finally, lowered Mosaic from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $27.00 to $25.00 in a report on Monday, October 5th. Six analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Mosaic presently has a consensus rating of “Hold” and a consensus price target of $25.58.

Mosaic Trading Down 0.2%

NYSE MOS opened at $22.32 on Monday. The stock has a market cap of $7.09 billion, a PE ratio of -6.30, a PEG ratio of 19.10 and a beta of 0.88. Mosaic has a 12 month low of $16.99 and a 12 month high of $32.25. The company’s 50-day moving average price is $21.72 and its 200-day moving average price is $23.77. The company has a current ratio of 1.50, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, November 3rd. The basic materials company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.18). Mosaic had a negative net margin of 9.43% and a positive return on equity of 0.58%. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the previous year, the business earned $1.29 EPS. The company’s quarterly revenue was down 10.2% compared to the same quarter last year. Equities research analysts forecast that Mosaic will post 0.11 earnings per share for the current year.

Insider Buying and Selling at Mosaic

In related news, SVP Walter Precourt, III sold 23,000 shares of Mosaic stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $22.12, for a total value of $508,760.00. Following the completion of the sale, the senior vice president directly owned 116,198 shares in the company, valued at $2,570,299.76. The trade was a 16.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.31% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fortress Financial Group LLC bought a new stake in shares of Mosaic in the 2nd quarter valued at about $269,000. Ameritas Advisory Services LLC purchased a new stake in shares of Mosaic in the 2nd quarter worth approximately $32,000. Global Retirement Partners LLC purchased a new stake in shares of Mosaic in the 2nd quarter worth approximately $46,000. Essential Partners LLC boosted its stake in shares of Mosaic by 81.0% during the first quarter. Essential Partners LLC now owns 3,569 shares of the basic materials company’s stock valued at $91,000 after purchasing an additional 1,597 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its stake in shares of Mosaic by 1,575.9% during the third quarter. Fortitude Family Office LLC now owns 3,620 shares of the basic materials company’s stock valued at $78,000 after purchasing an additional 3,404 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors.

Mosaic Company Profile

The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. Its products help farmers supply crops with essential nutrients, and the company also makes phosphate-based animal feed ingredients and products for industrial applications.

Mosaic’s operations include phosphate mining and processing in the United States and potash mining in Canada. Through its Brazilian operations, Mosaic Fertilizantes, the company produces, blends and distributes crop nutrients and related products in Brazil and other markets in South America.