Mizuho Lowers Mosaic (NYSE:MOS) Price Target to $28.00

Mosaic (NYSE:MOS) had its target price dropped by stock analysts at Mizuho from $31.00 to $28.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the basic materials company’s stock. Mizuho’s price target suggests a potential upside of 16.45% from the stock’s current price.

A number of other brokerages also recently issued reports on MOS. HSBC cut their price objective on Mosaic from $35.00 to $26.00 and set a “hold” rating for the company in a research note on Monday, November 24th. Wells Fargo & Company started coverage on shares of Mosaic in a research note on Tuesday, November 11th. They issued an “equal weight” rating and a $28.00 price target on the stock. Bank of America dropped their price objective on shares of Mosaic from $49.00 to $43.00 and set a “buy” rating for the company in a report on Tuesday, October 14th. Royal Bank Of Canada set a $27.00 price objective on Mosaic in a report on Wednesday, December 10th. Finally, JPMorgan Chase & Co. decreased their price objective on Mosaic from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.73.

Mosaic Price Performance

Shares of NYSE:MOS opened at $24.05 on Thursday. The stock has a market cap of $7.63 billion, a PE ratio of 6.23, a PEG ratio of 0.57 and a beta of 0.94. The company has a quick ratio of 0.40, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The company’s fifty day moving average is $26.44 and its 200 day moving average is $31.86. Mosaic has a 52 week low of $22.36 and a 52 week high of $38.23.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. The company had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.87 billion. Mosaic had a return on equity of 6.46% and a net margin of 10.33%.Mosaic’s revenue was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 EPS. Research analysts anticipate that Mosaic will post 2.04 earnings per share for the current year.

Institutional Trading of Mosaic

Hedge funds and other institutional investors have recently modified their holdings of the stock. Scotia Capital Inc. boosted its position in Mosaic by 395.1% during the second quarter. Scotia Capital Inc. now owns 87,556 shares of the basic materials company’s stock worth $3,194,000 after purchasing an additional 69,873 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in shares of Mosaic by 65.7% during the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 157,267 shares of the basic materials company’s stock worth $5,682,000 after purchasing an additional 62,338 shares during the last quarter. US Bancorp DE grew its stake in Mosaic by 204.1% in the 2nd quarter. US Bancorp DE now owns 43,080 shares of the basic materials company’s stock worth $1,572,000 after acquiring an additional 28,912 shares during the period. Vinva Investment Management Ltd acquired a new position in Mosaic in the 2nd quarter valued at $621,000. Finally, Pinkerton Wealth LLC purchased a new position in shares of Mosaic during the 2nd quarter worth $2,044,000. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Company Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.