Mosaic (NYSE:MOS) Price Target Raised to $32.00

Mosaic (NYSE:MOS) had its price objective raised by Canadian Imperial Bank of Commerce from $29.00 to $32.00 in a research note released on Tuesday morning,Benzinga reports. Canadian Imperial Bank of Commerce currently has a neutral rating on the basic materials company’s stock.

A number of other brokerages also recently issued reports on MOS. Zacks Research raised shares of Mosaic from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. HSBC lowered their target price on shares of 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 reduced their price target on Mosaic from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday, January 23rd. UBS Group decreased their price objective on Mosaic from $38.00 to $33.00 and set a “buy” rating for the company in a report on Monday, January 12th. Finally, The Goldman Sachs Group raised their price objective on Mosaic from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $30.94.

Mosaic Trading Down 5.9%

Shares of NYSE MOS opened at $26.15 on Tuesday. Mosaic has a 1-year low of $22.36 and a 1-year high of $38.23. The business has a fifty day moving average price of $28.06 and a 200 day moving average price of $28.25. The stock has a market capitalization of $8.30 billion, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 1.64 and a beta of 0.95. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.47.

Mosaic (NYSE:MOS) last posted its earnings results on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.26). The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Mosaic had a net margin of 4.49% and a return on equity of 5.80%. Mosaic’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 EPS. Equities research analysts expect that Mosaic will post 2.04 EPS for the current fiscal year.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 21st will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Thursday, May 21st. Mosaic’s dividend payout ratio (DPR) is presently 52.07%.

Institutional Investors Weigh In On Mosaic

A number of large investors have recently bought and sold shares of MOS. TD Waterhouse Canada Inc. raised its holdings in shares of Mosaic by 2.8% during the second quarter. TD Waterhouse Canada Inc. now owns 12,149 shares of the basic materials company’s stock worth $447,000 after purchasing an additional 333 shares during the last quarter. Cary Street Partners Financial LLC lifted its position in Mosaic by 2.0% during the fourth quarter. Cary Street Partners Financial LLC now owns 19,604 shares of the basic materials company’s stock valued at $472,000 after purchasing an additional 380 shares during the period. NewEdge Advisors LLC boosted its holdings in Mosaic by 27.8% in the first quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 380 shares during the last quarter. Foster Dykema Cabot & Partners LLC grew its position in Mosaic by 54.3% during the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 1,157 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 407 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in Mosaic by 57.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,135 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 415 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

About Mosaic

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.