Mosaic (NYSE:MOS) Earns Sector Perform Rating from Royal Bank of Canada

Mosaic (NYSE:MOS)‘s stock had its “sector perform” rating reaffirmed by investment analysts at Royal Bank of Canada in a research note issued to investors on Thursday,Benzinga reports. They presently have a $30.00 price target on the basic materials company’s stock. Royal Bank of Canada’s price target indicates a potential upside of 13.70% from the company’s current price.

Several other research analysts have also recently issued reports on the stock. Mizuho increased their price target on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday. Barclays reduced their price target on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Finally, Wells Fargo & Company dropped their price objective on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $33.22.

Mosaic Stock Up 0.2 %

Shares of NYSE:MOS opened at $26.39 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.54. The stock has a market cap of $8.41 billion, a P/E ratio of 23.35, a P/E/G ratio of 1.65 and a beta of 1.35. Mosaic has a 1-year low of $24.11 and a 1-year high of $38.30. The firm has a fifty day moving average price of $26.38 and a 200 day moving average price of $27.92.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The company had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the prior year, the business earned $0.68 EPS. The business’s quarterly revenue was down 20.8% compared to the same quarter last year. Sell-side analysts predict that Mosaic will post 2.26 EPS for the current year.

Hedge Funds Weigh In On Mosaic

A number of hedge funds have recently made changes to their positions in the stock. Highlander Capital Management LLC boosted its holdings in Mosaic by 515.4% in the first quarter. Highlander Capital Management LLC now owns 800 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 670 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Mosaic by 40.0% in the 2nd quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 351 shares during the period. ANTIPODES PARTNERS Ltd acquired a new position in shares of Mosaic in the 2nd quarter valued at about $46,000. Kimelman & Baird LLC purchased a new stake in shares of Mosaic during the 2nd quarter worth about $49,000. Finally, Larson Financial Group LLC increased its position in Mosaic by 180,900.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 1,809 shares in the last quarter. Institutional investors and hedge funds 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.