Mosaic (NYSE:MOS) Price Target Lowered to $27.00 at BNP Paribas Exane

Mosaic (NYSE:MOS) had its price objective reduced by stock analysts at BNP Paribas Exane from $29.00 to $27.00 in a research report issued on Wednesday,MarketScreener reports. The brokerage currently has an “outperform” rating on the basic materials company’s stock. BNP Paribas Exane’s price objective points to a potential upside of 23.98% from the stock’s current price.

MOS has been the subject of several other research reports. Rothschild & Co Redburn initiated coverage on shares of Mosaic in a report on Friday. They set a “buy” rating and a $30.00 price target for the company. Barclays reduced their price objective on shares of Mosaic from $31.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, May 18th. BMO Capital Markets dropped their target price on shares of Mosaic from $31.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday. Zacks Research cut shares of Mosaic from a “hold” rating to a “strong sell” rating in a research report on Friday, June 19th. Finally, UBS Group cut their price target on shares of Mosaic from $27.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $27.11.

Mosaic Trading Up 2.8%

Shares of MOS stock traded up $0.59 on Wednesday, hitting $21.78. The company had a trading volume of 676,282 shares, compared to its average volume of 9,082,392. The firm has a market cap of $6.91 billion, a P/E ratio of 166.94, a P/E/G ratio of 2.65 and a beta of 0.79. The stock’s 50-day moving average is $22.58 and its two-hundred day moving average is $25.19. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.45 and a current ratio of 1.25. Mosaic has a twelve month low of $19.80 and a twelve month high of $38.23.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Monday, May 11th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.93 billion. Mosaic had a return on equity of 4.66% and a net margin of 0.36%.Mosaic’s revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.49 earnings per share. On average, equities research analysts anticipate that Mosaic will post 0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Mosaic by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 39,123,171 shares of the basic materials company’s stock valued at $942,477,000 after purchasing an additional 461,524 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Mosaic by 6.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,240,050 shares of the basic materials company’s stock valued at $363,110,000 after buying an additional 832,914 shares during the period. State Street Corp increased its position in Mosaic by 1.9% in the 4th quarter. State Street Corp now owns 13,174,708 shares of the basic materials company’s stock valued at $317,379,000 after buying an additional 240,146 shares in the last quarter. Invesco Ltd. increased its position in Mosaic by 28.9% in the 4th quarter. Invesco Ltd. now owns 11,840,398 shares of the basic materials company’s stock valued at $285,235,000 after buying an additional 2,653,969 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Mosaic by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 8,479,395 shares of the basic materials company’s stock worth $203,916,000 after buying an additional 63,822 shares during the period. 77.54% of the stock is owned by institutional investors.

Mosaic Company Profile

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.