The Mosaic Company (NYSE:MOS) Receives $30.94 Average Target Price from Brokerages

The Mosaic Company (NYSE:MOS) has been assigned a consensus rating of “Hold” from the nineteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $30.75.

Several brokerages have commented on MOS. JPMorgan Chase & Co. downgraded Mosaic from a “neutral” rating to an “underweight” rating and set a $24.00 target price on the stock. in a research note on Thursday, February 26th. Wells Fargo & Company lowered their price target on Mosaic from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, January 23rd. HSBC dropped their price objective on Mosaic from $35.00 to $26.00 and set a “hold” rating on the stock in a research report on Monday, November 24th. The Goldman Sachs Group lifted their price objective on Mosaic from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Finally, Wolfe Research decreased their target price on Mosaic from $37.00 to $36.00 and set an “outperform” rating for the company in a research report on Thursday, February 26th.

Institutional Investors Weigh In On Mosaic

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. raised its stake in Mosaic by 169.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after buying an additional 601 shares during the last quarter. Rothschild Investment LLC boosted 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 buying an additional 650 shares during the last quarter. Rexford Capital Inc. purchased a new position in shares of Mosaic in the 2nd quarter worth $28,000. True Wealth Design LLC grew its holdings in shares of Mosaic by 1,819.0% in the third quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 764 shares during the period. Finally, Mather Group LLC. purchased a new stake in Mosaic during the third quarter valued at $31,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Trading Down 9.7%

Shares of NYSE MOS opened at $23.65 on Friday. The firm’s 50 day moving average price is $28.01 and its 200-day moving average price is $28.12. Mosaic has a 52-week low of $22.36 and a 52-week high of $38.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.47 and a current ratio of 1.32. The company has a market cap of $7.51 billion, a PE ratio of 13.99, a P/E/G ratio of 2.35 and a beta of 0.95.

Mosaic (NYSE:MOS) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $3.02 billion. During the same period last year, the business earned $0.45 EPS. Mosaic’s revenue was up 5.6% on a year-over-year basis. On average, equities research analysts expect that Mosaic will post 2.04 EPS for the current fiscal year.

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 21st will be paid a $0.22 dividend. The ex-dividend date is Thursday, May 21st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.7%. Mosaic’s payout ratio is currently 52.07%.

Mosaic Company Profile

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.