Mosaic (NYSE:MOS) Stock Price Expected to Rise, Piper Sandler Analyst Says

Mosaic (NYSE:MOS) had its target price increased by stock analysts at Piper Sandler from $30.00 to $33.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the basic materials company’s stock. Piper Sandler’s price objective points to a potential upside of 15.74% from the company’s previous close.

Several other analysts have also issued reports on MOS. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $30.00 target price on shares of Mosaic in a research note on Thursday, November 14th. Barclays cut shares of Mosaic from an “overweight” rating to an “underweight” rating and cut their price objective for the company from $30.00 to $27.00 in a research note on Tuesday, January 21st. Mizuho lifted their target price on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Morgan Stanley cut their price target on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Finally, CIBC started coverage on Mosaic in a report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Mosaic has an average rating of “Hold” and an average price target of $35.09.

Mosaic Stock Performance

Mosaic stock opened at $28.51 on Monday. Mosaic has a fifty-two week low of $23.56 and a fifty-two week high of $33.44. The firm’s fifty day moving average price is $25.78 and its 200-day moving average price is $26.72. The stock has a market cap of $9.06 billion, a P/E ratio of 25.10, a price-to-earnings-growth ratio of 1.49 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19.

Mosaic (NYSE:MOS) last released its quarterly 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 firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The company’s revenue for the quarter was down 20.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 EPS. On average, equities research analysts expect that Mosaic will post 2.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mosaic

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP lifted its holdings in Mosaic by 131.4% in the second quarter. Quarry LP now owns 38,894 shares of the basic materials company’s stock worth $1,124,000 after buying an additional 22,084 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Mosaic by 44.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock worth $86,189,000 after acquiring an additional 986,812 shares in the last quarter. Swedbank AB lifted its stake in shares of Mosaic by 2.3% in the 3rd quarter. Swedbank AB now owns 1,269,494 shares of the basic materials company’s stock valued at $33,997,000 after purchasing an additional 28,816 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Mosaic during the third quarter valued at approximately $1,251,000. Finally, SG Americas Securities LLC grew its stake in Mosaic by 41.8% in the third quarter. SG Americas Securities LLC now owns 121,307 shares of the basic materials company’s stock worth $3,249,000 after purchasing an additional 35,789 shares during the period. Institutional investors own 77.54% of the company’s stock.

About Mosaic

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.