Mosaic (NYSE:MOS) Price Target Cut to $25.00 by Analysts at UBS Group

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Mosaic (NYSE:MOS) had its price target cut by UBS Group from $27.00 to $25.00 in a research note published on Thursday, AnalystRatings.com reports. They currently have a buy rating on the basic materials company’s stock.

A number of other analysts have also issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Mosaic from $18.00 to $16.00 and set an underweight rating on the stock in a research note on Thursday, December 12th. Cfra reiterated a buy rating and set a $26.00 price objective on shares of Mosaic in a research note on Thursday, November 7th. CIBC restated a buy rating and set a $25.00 target price on shares of Mosaic in a research report on Thursday, November 7th. Finally, Citigroup cut Mosaic from a buy rating to a neutral rating and reduced their target price for the stock from $29.00 to $21.00 in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $25.33.

NYSE:MOS opened at $19.19 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.63 and a current ratio of 1.43. Mosaic has a 52-week low of $17.36 and a 52-week high of $33.91. The firm has a market cap of $7.27 billion, a price-to-earnings ratio of -6.85, a PEG ratio of 3.23 and a beta of 1.74. The business’s fifty day moving average is $20.20 and its 200 day moving average is $20.09.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.24). Mosaic had a negative net margin of 11.98% and a positive return on equity of 0.65%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the firm posted $0.77 earnings per share. The business’s revenue for the quarter was down 17.6% compared to the same quarter last year. Equities analysts predict that Mosaic will post 0.85 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 5th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Wednesday, March 4th. Mosaic’s payout ratio is 105.26%.

A number of institutional investors have recently bought and sold shares of the stock. Boston Partners grew its position in Mosaic by 19.1% during the third quarter. Boston Partners now owns 20,566,942 shares of the basic materials company’s stock worth $421,643,000 after buying an additional 3,296,438 shares in the last quarter. State Street Corp grew its position in Mosaic by 2.7% during the third quarter. State Street Corp now owns 20,103,438 shares of the basic materials company’s stock worth $412,120,000 after buying an additional 521,591 shares in the last quarter. Bank of New York Mellon Corp grew its position in Mosaic by 6.1% during the fourth quarter. Bank of New York Mellon Corp now owns 6,344,635 shares of the basic materials company’s stock worth $137,298,000 after buying an additional 364,503 shares in the last quarter. Geode Capital Management LLC grew its position in Mosaic by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 5,538,520 shares of the basic materials company’s stock worth $119,607,000 after buying an additional 133,625 shares in the last quarter. Finally, Menora Mivtachim Holdings LTD. purchased a new position in shares of Mosaic in the 4th quarter worth about $64,112,000. Institutional investors and hedge funds own 72.96% 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 International Distribution. 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.

Further Reading: Cash Flow

Analyst Recommendations for Mosaic (NYSE:MOS)

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