BNP Paribas Exane Lowers Mosaic (NYSE:MOS) Price Target to $30.00

Mosaic (NYSE:MOS) had its price objective reduced by stock analysts at BNP Paribas Exane from $33.00 to $30.00 in a research report issued to clients and investors on Wednesday,MarketScreener reports. The firm presently has an “outperform” rating on the basic materials company’s stock. BNP Paribas Exane’s price target would indicate a potential upside of 26.56% from the company’s current price.

Other research analysts have also issued research reports about the stock. Wolfe Research lowered their price target on Mosaic from $37.00 to $36.00 and set an “outperform” rating for the company in a research report on Thursday, February 26th. Mizuho reduced their price objective on Mosaic from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. JPMorgan Chase & Co. decreased their target price on Mosaic from $24.00 to $19.00 and set an “underweight” rating for the company in a report on Tuesday, May 12th. Morgan Stanley dropped their target price on Mosaic from $35.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. Finally, Berenberg Bank cut their price target on shares of Mosaic from $28.00 to $27.00 and set a “hold” rating on the stock in a report on Tuesday, May 19th. Six investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $27.47.

Mosaic Stock Down 0.1%

Shares of MOS traded down $0.02 during trading hours on Wednesday, hitting $23.70. The company had a trading volume of 1,305,751 shares, compared to its average volume of 8,820,760. Mosaic has a one year low of $20.89 and a one year high of $38.23. The company’s fifty day moving average price is $24.15 and its two-hundred day moving average price is $25.58. The company has a market capitalization of $7.53 billion, a PE ratio of 182.28, a price-to-earnings-growth ratio of 2.68 and a beta of 0.79. The company has a current ratio of 1.25, a quick ratio of 0.45 and a debt-to-equity ratio of 0.36.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Monday, May 11th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.93 billion. Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The business’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share. As a group, equities analysts forecast that Mosaic will post 0.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mosaic

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dorsey Wright & Associates purchased a new position in shares of Mosaic during the 3rd quarter worth $4,170,000. Wedge Capital Management L L P NC raised its holdings in Mosaic by 87.5% in the 4th quarter. Wedge Capital Management L L P NC now owns 376,905 shares of the basic materials company’s stock valued at $9,080,000 after buying an additional 175,914 shares during the period. Barclays PLC raised its holdings in Mosaic by 55.6% in the 3rd quarter. Barclays PLC now owns 1,606,609 shares of the basic materials company’s stock valued at $55,717,000 after buying an additional 574,352 shares during the period. Algert Global LLC lifted its position in Mosaic by 26.3% in the third quarter. Algert Global LLC now owns 380,138 shares of the basic materials company’s stock valued at $13,183,000 after buying an additional 79,222 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in Mosaic in the fourth quarter valued at about $1,302,000. 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.