Analysts Set The Mosaic Company (NYSE:MOS) Price Target at $35.40

The Mosaic Company (NYSE:MOS) has received an average recommendation of “Hold” from the eleven brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $35.40.

MOS has been the subject of several recent research reports. Mizuho lifted their price target on Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Wells Fargo & Company decreased their price target on Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 24th. CIBC began coverage on shares of Mosaic in a report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price target on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a research note on Thursday, November 14th. Finally, Barclays lowered their target price on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th.

Mosaic Stock Down 0.9 %

MOS opened at $23.87 on Wednesday. Mosaic has a fifty-two week low of $23.60 and a fifty-two week high of $37.29. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The company’s 50-day moving average is $26.20 and its 200 day moving average is $27.02. The firm has a market capitalization of $7.58 billion, a P/E ratio of 21.12, a PEG ratio of 1.85 and a beta of 1.34.

Mosaic (NYSE:MOS) last announced its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). The business had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. Mosaic’s quarterly revenue was down 20.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 EPS. Research analysts expect that Mosaic will post 2.07 earnings per share for the current fiscal year.

Mosaic Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a $0.22 dividend. This is a boost from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Thursday, March 6th. Mosaic’s payout ratio is 77.88%.

Institutional Trading of Mosaic

A number of institutional investors have recently made changes to their positions in the stock. Crossmark Global Holdings Inc. raised its holdings in Mosaic by 1.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company’s stock valued at $625,000 after buying an additional 354 shares during the last quarter. Moors & Cabot Inc. increased its position in shares of Mosaic by 5.0% in the second quarter. Moors & Cabot Inc. now owns 7,958 shares of the basic materials company’s stock valued at $230,000 after acquiring an additional 382 shares during the period. CVA Family Office LLC increased its position in shares of Mosaic by 23.2% in the third quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 384 shares during the period. V Square Quantitative Management LLC raised its stake in shares of Mosaic by 5.1% during the third quarter. V Square Quantitative Management LLC now owns 8,764 shares of the basic materials company’s stock valued at $235,000 after acquiring an additional 426 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Mosaic by 5.8% during the third quarter. GAMMA Investing LLC now owns 9,498 shares of the basic materials company’s stock worth $254,000 after purchasing an additional 517 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Company Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. 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, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.