Mosaic (NYSE:MOS) Given New $36.00 Price Target at Wolfe Research

Mosaic (NYSE:MOS) had its target price lowered by investment analysts at Wolfe Research from $37.00 to $36.00 in a research report issued on Thursday,MarketScreener reports. The brokerage presently has an “outperform” rating on the basic materials company’s stock. Wolfe Research’s price objective points to a potential upside of 29.57% from the stock’s current price.

MOS has been the subject of several other reports. Canadian Imperial Bank of Commerce reduced their price objective on Mosaic from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Zacks Research upgraded Mosaic from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Mosaic in a report on Monday, December 29th. BNP Paribas Exane decreased their target price on shares of Mosaic from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, November 24th. Finally, Barclays dropped their target price on shares of Mosaic from $35.00 to $31.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 9th. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Mosaic currently has an average rating of “Hold” and an average target price of $31.00.

Mosaic Stock Up 2.3%

Shares of MOS stock opened at $27.79 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.40 and a current ratio of 1.32. The business’s fifty day moving average is $27.21 and its 200-day moving average is $28.74. Mosaic has a 1 year low of $22.36 and a 1 year high of $38.23. The stock has a market cap of $8.82 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 1.26 and a beta of 0.97.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.26). The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.02 billion. Mosaic had a return on equity of 5.80% and a net margin of 4.49%.The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. Equities analysts expect that Mosaic will post 2.04 earnings per share for the current fiscal year.

Institutional Trading of Mosaic

A number of institutional investors have recently made changes to their positions in the business. TD Waterhouse Canada Inc. boosted its holdings in shares of Mosaic by 2.8% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 12,149 shares of the basic materials company’s stock worth $447,000 after buying an additional 333 shares during the period. Cary Street Partners Financial LLC increased its holdings in Mosaic by 2.0% in the fourth quarter. Cary Street Partners Financial LLC now owns 19,604 shares of the basic materials company’s stock valued at $472,000 after purchasing an additional 380 shares during the period. NewEdge Advisors LLC raised its holdings in Mosaic by 27.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 380 shares during the last quarter. Foster Dykema Cabot & Partners LLC lifted its stake in shares of Mosaic by 54.3% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 1,157 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 407 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in shares of Mosaic by 57.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,135 shares of the basic materials company’s stock worth $39,000 after buying an additional 415 shares during the period. Institutional investors own 77.54% of the company’s stock.

About Mosaic

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.