Mosaic Co. (MOS) Shares Down 2.4%
Mosaic Co. (NYSE:MOS) traded down 2.4% on Thursday . The company traded as low as $29.16 and last traded at $29.36, with a volume of 3,241,920 shares. The stock had previously closed at $30.07.
A number of equities research analysts have weighed in on the stock. Credit Suisse Group AG reiterated a “sell” rating and set a $21.00 price target on shares of Mosaic in a research note on Wednesday. Vertical Research downgraded shares of Mosaic from a “hold” rating to a “sell” rating in a research note on Wednesday. They noted that the move was a valuation call. Susquehanna downgraded shares of Mosaic from a “positive” rating to a “neutral” rating and decreased their price target for the stock from $30.00 to $28.00 in a research note on Wednesday, August 17th. Citigroup Inc. lifted their price target on shares of Mosaic from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, August 4th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $23.00 price target on shares of Mosaic in a research note on Wednesday, August 3rd. Ten research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of €29.08 ($32.67).
The company’s 50 day moving average price is $28.21 and its 200 day moving average price is $27.19. The company has a market capitalization of $10.22 billion and a P/E ratio of 18.38.
Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.06. During the same quarter in the prior year, the firm earned $1.05 EPS. The company earned $1.70 billion during the quarter, compared to the consensus estimate of $1.81 billion. The business’s revenue for the quarter was down 32.7% compared to the same quarter last year. Equities analysts predict that Mosaic Co. will post $0.51 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 22nd. Investors of record on Tuesday, September 6th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 3.77%. The ex-dividend date is Tuesday, September 6th.
Other hedge funds have added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its stake in Mosaic by 11.7% in the fourth quarter. Ameriprise Financial Inc. now owns 1,701,522 shares of the company’s stock valued at $46,944,000 after buying an additional 177,850 shares during the period. Trexquant Investment LP acquired a new stake in Mosaic during the fourth quarter valued at $1,090,000. Finally, Airain ltd acquired a new stake in Mosaic during the fourth quarter valued at $1,064,000.
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company’s segments include Phosphates, Potash and International Distribution. Its Phosphates Segment sells phosphate-based crop nutrients and animal feed ingredients throughout North America and internationally.
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