Mosaic Co (MOS) Price Target Lowered to $25.00 at Royal Bank Of Canada
Mosaic Co (NYSE:MOS) had its price objective cut by Royal Bank Of Canada from $26.00 to $25.00 in a research note issued to investors on Friday. They currently have a sector perform rating on the basic materials company’s stock.
A number of other equities analysts also recently weighed in on the stock. Citigroup Inc. decreased their target price on shares of Mosaic from $27.00 to $26.00 and set a neutral rating for the company in a research note on Wednesday, July 12th. Zacks Investment Research raised shares of Mosaic from a strong sell rating to a hold rating in a research note on Wednesday, July 12th. BidaskClub raised shares of Mosaic from a sell rating to a hold rating in a research note on Tuesday, June 27th. Credit Suisse Group reaffirmed a sell rating and set a $19.00 target price on shares of Mosaic in a research note on Monday, May 15th. Finally, Atlantic Securities raised shares of Mosaic from an underweight rating to a neutral rating and set a $26.00 target price for the company in a research note on Tuesday, May 9th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $25.71.
Shares of Mosaic (NYSE MOS) traded up 1.01% during mid-day trading on Friday, reaching $23.96. The company had a trading volume of 2,768,497 shares. The firm has a 50-day moving average of $22.89 and a 200-day moving average of $27.88. The company has a market capitalization of $8.41 billion, a P/E ratio of 208.35 and a beta of 1.23. Mosaic has a 12-month low of $21.78 and a 12-month high of $34.36.
Mosaic (NYSE:MOS) last announced its earnings results on Tuesday, May 2nd. The basic materials company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.15. Mosaic had a negative net margin of 0.06% and a negative return on equity of 0.04%. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the business posted $0.14 EPS. Mosaic’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, equities analysts anticipate that Mosaic will post $1.07 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This piece was first posted by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.dailypolitical.com/2017/07/17/mosaic-co-mos-price-target-lowered-to-25-00-at-royal-bank-of-canada.html.
In other news, Director Nancy E. Cooper sold 1,100 shares of Mosaic stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $23.39, for a total transaction of $25,729.00. Following the transaction, the director now owns 8,260 shares in the company, valued at approximately $193,201.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard L. Mack purchased 7,500 shares of the company’s stock in a transaction dated Thursday, May 4th. The shares were acquired at an average price of $23.35 per share, for a total transaction of $175,125.00. Following the purchase, the chief financial officer now directly owns 136,101 shares in the company, valued at $3,177,958.35. The disclosure for this purchase can be found here. Insiders own 0.38% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC boosted its position in Mosaic by 73.3% in the fourth quarter. FMR LLC now owns 1,878,626 shares of the basic materials company’s stock worth $55,101,000 after buying an additional 794,368 shares during the period. Teachers Advisors LLC boosted its position in Mosaic by 6.5% in the fourth quarter. Teachers Advisors LLC now owns 494,581 shares of the basic materials company’s stock worth $14,506,000 after buying an additional 30,286 shares during the period. Auxier Asset Management boosted its position in Mosaic by 8.6% in the fourth quarter. Auxier Asset Management now owns 84,431 shares of the basic materials company’s stock worth $2,476,000 after buying an additional 6,701 shares during the period. Global X Management Co. LLC boosted its position in Mosaic by 16.4% in the first quarter. Global X Management Co. LLC now owns 32,585 shares of the basic materials company’s stock worth $951,000 after buying an additional 4,580 shares during the period. Finally, Federated Investors Inc. PA boosted its position in Mosaic by 2,361.3% in the fourth quarter. Federated Investors Inc. PA now owns 9,279 shares of the basic materials company’s stock worth $272,000 after buying an additional 8,902 shares during the period. Institutional investors and hedge funds own 81.61% of the company’s stock.
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.
Receive News & Ratings for Mosaic Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mosaic Co and related companies with MarketBeat.com's FREE daily email newsletter.