Mosaic (MOS) Given New $28.00 Price Target at Royal Bank of Canada
Mosaic (NYSE:MOS) had its price objective lifted by Royal Bank of Canada from $24.00 to $28.00 in a report issued on Friday. The firm currently has a sector perform rating on the basic materials company’s stock.
MOS has been the topic of several other research reports. Zacks Investment Research upgraded shares of Mosaic from a hold rating to a buy rating and set a $25.00 price objective on the stock in a research note on Friday, November 3rd. Stifel Nicolaus reiterated a hold rating and issued a $24.00 price objective on shares of Mosaic in a research note on Thursday, October 12th. BMO Capital Markets reiterated a market perform rating and issued a $25.00 price objective (up previously from $23.00) on shares of Mosaic in a research note on Friday, October 6th. Citigroup upped their price objective on shares of Mosaic from $23.00 to $25.00 and gave the company a neutral rating in a research note on Thursday, November 2nd. Finally, Scotiabank upgraded shares of Mosaic from an underperform rating to a sector perform rating in a research note on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $24.68.
Shares of Mosaic (MOS) traded down $1.19 during trading hours on Friday, hitting $26.03. 1,485,956 shares of the company traded hands, compared to its average volume of 4,567,433. The company has a current ratio of 1.78, a quick ratio of 0.90 and a debt-to-equity ratio of 0.37. The stock has a market cap of $9,200.00, a P/E ratio of 27.40, a PEG ratio of 2.69 and a beta of 1.31. Mosaic has a fifty-two week low of $19.23 and a fifty-two week high of $34.36.
Mosaic (NYSE:MOS) last released its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.18. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.93 billion. Mosaic had a net margin of 4.68% and a return on equity of 3.61%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 EPS. sell-side analysts predict that Mosaic will post 1.01 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.10 annualized dividend and a dividend yield of 0.38%. Mosaic’s dividend payout ratio (DPR) is 10.53%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Mosaic by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 36,254,086 shares of the basic materials company’s stock worth $827,681,000 after purchasing an additional 793,205 shares during the last quarter. State Street Corp increased its stake in shares of Mosaic by 2.0% during the 2nd quarter. State Street Corp now owns 19,950,012 shares of the basic materials company’s stock worth $455,461,000 after purchasing an additional 397,403 shares during the last quarter. Shapiro Capital Management LLC increased its stake in shares of Mosaic by 13.0% during the 2nd quarter. Shapiro Capital Management LLC now owns 6,251,974 shares of the basic materials company’s stock worth $142,733,000 after purchasing an additional 718,812 shares during the last quarter. FMR LLC increased its stake in shares of Mosaic by 6.3% during the 2nd quarter. FMR LLC now owns 5,428,123 shares of the basic materials company’s stock worth $123,923,000 after purchasing an additional 319,637 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Mosaic by 26.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,364,003 shares of the basic materials company’s stock worth $94,211,000 after purchasing an additional 921,345 shares during the last quarter. Institutional investors own 76.94% of the company’s stock.
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Mosaic 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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