Zacks Investment Research lowered shares of Mosaic Company (The) (NYSE:MOS) from a buy rating to a hold rating in a research note released on Tuesday, November 7th.
According to Zacks, “Mosaic saw its profits surge year over year in the third quarter, driven by strong operational performance and healthy demand for its products. Both revenues and adjusted earnings topped the respective Zacks Consensus Estimate. Mosaic is well placed to gain from strong global demand for fertilizers. Moreover, the acquisition of Vale Fertilizantes will help the company to capitalize on the rapidly growing Brazilian agricultural market. The buyout is also expected to deliver significant synergies. Mosaic should also benefit from its cost reduction measures and its efforts to boost production capacity. However, Mosaic is exposed to a challenging operating environment in the agriculture space. The company also faces headwinds from the unfavorable impacts of Hurricane Irma. Mosaic has also underperformed the industry it belongs to over a year.”
Several other equities analysts have also commented on MOS. Piper Jaffray Companies set a $23.00 target price on Mosaic Company (The) and gave the company a hold rating in a report on Friday, October 6th. Stifel Nicolaus reissued a hold rating and set a $24.00 price target (down from $27.00) on shares of Mosaic Company (The) in a report on Tuesday, August 8th. Scotiabank raised shares of Mosaic Company (The) from an underperform rating to a sector perform rating in a report on Wednesday, November 1st. BidaskClub cut shares of Mosaic Company (The) from a sell rating to a strong sell rating in a report on Friday, August 11th. Finally, BMO Capital Markets raised their price objective on shares of Mosaic Company (The) from $23.00 to $24.00 and gave the stock a market perform rating in a research note on Wednesday, November 1st. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. Mosaic Company (The) presently has an average rating of Hold and a consensus target price of $23.99.
Mosaic Company (NYSE:MOS) traded up $0.46 during mid-day trading on Tuesday, reaching $22.94. The company had a trading volume of 3,820,600 shares, compared to its average volume of 4,466,090. The firm has a market cap of $8,050.00, a PE ratio of 22.49, a price-to-earnings-growth ratio of 2.49 and a beta of 1.27. Mosaic Company has a 12 month low of $19.23 and a 12 month high of $34.36. The company has a current ratio of 1.78, a quick ratio of 0.90 and a debt-to-equity ratio of 0.37.
Mosaic Company (The) (NYSE:MOS) last released its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.18. Mosaic Company (The) had a return on equity of 3.61% and a net margin of 4.68%. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the prior year, the firm posted $0.41 earnings per share. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. equities research analysts anticipate that Mosaic Company will post 0.97 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th will be paid a $0.025 dividend. The ex-dividend date is Wednesday, December 6th. This represents a $0.10 annualized dividend and a yield of 0.44%. Mosaic Company (The)’s dividend payout ratio is presently 63.16%.
Large investors have recently added to or reduced their stakes in the stock. YorkBridge Wealth Partners LLC raised its stake in Mosaic Company (The) by 13,636.4% during the 3rd quarter. YorkBridge Wealth Partners LLC now owns 6,044 shares of the basic materials company’s stock valued at $130,000 after purchasing an additional 6,000 shares during the last quarter. Pacer Advisors Inc. raised its stake in Mosaic Company (The) by 8.7% during the 2nd quarter. Pacer Advisors Inc. now owns 7,366 shares of the basic materials company’s stock valued at $168,000 after purchasing an additional 587 shares during the last quarter. CrestPoint Capital Management LLC acquired a new position in Mosaic Company (The) during the 2nd quarter valued at $208,000. Greenwood Capital Associates LLC raised its stake in shares of Mosaic Company (The) by 30.5% in the 2nd quarter. Greenwood Capital Associates LLC now owns 9,445 shares of the basic materials company’s stock valued at $216,000 after buying an additional 2,210 shares in the last quarter. Finally, Westover Capital Advisors LLC acquired a new position in shares of Mosaic Company (The) in the 2nd quarter valued at $218,000. Hedge funds and other institutional investors own 76.45% of the company’s stock.
Mosaic Company (The) Company Profile
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.
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