BNP Paribas Exane Lowers Mosaic (NYSE:MOS) Price Target to $29.00

Mosaic (NYSE:MOS) had its target price decreased by BNP Paribas Exane from $30.00 to $29.00 in a report issued on Monday,MarketScreener reports. The brokerage currently has an “outperform” rating on the basic materials company’s stock. BNP Paribas Exane’s price objective would suggest a potential upside of 24.01% from the company’s current price.

Several other research analysts have also recently issued reports on MOS. Royal Bank Of Canada raised shares of Mosaic from a “sector perform” rating to an “outperform” rating and decreased their target price for the stock from $28.00 to $27.00 in a report on Wednesday, May 13th. Berenberg Bank cut their target price on Mosaic from $28.00 to $27.00 and set a “hold” rating on the stock in a research note on Tuesday, May 19th. The Goldman Sachs Group lowered their target price on shares of Mosaic from $31.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Wall Street Zen lowered shares of Mosaic from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Finally, Wells Fargo & Company dropped their price target on Mosaic from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 14th. Six research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $27.41.

Mosaic Stock Up 3.1%

NYSE MOS traded up $0.70 during trading hours on Monday, reaching $23.39. 2,063,440 shares of the company’s stock traded hands, compared to its average volume of 8,835,955. The firm has a 50-day simple moving average of $23.36 and a 200 day simple moving average of $25.37. Mosaic has a 52-week low of $19.80 and a 52-week high of $38.23. The firm has a market cap of $7.43 billion, a PE ratio of 179.91, a PEG ratio of 2.68 and a beta of 0.79. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 0.45.

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

Institutional Trading of Mosaic

A number of institutional investors and hedge funds have recently bought and sold shares of MOS. Geneos Wealth Management Inc. increased its stake in Mosaic by 169.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 601 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Mosaic during the second quarter valued at approximately $31,000. SJS Investment Consulting Inc. raised its holdings in shares of Mosaic by 72.9% in the first quarter. SJS Investment Consulting Inc. now owns 1,245 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 525 shares in the last quarter. Gen Wealth Partners Inc purchased a new position in shares of Mosaic in the 4th quarter worth approximately $32,000. Finally, MUFG Securities EMEA plc acquired a new stake in Mosaic in the second quarter valued at approximately $34,000. 77.54% of the stock is currently owned by institutional investors.

Mosaic Company Profile

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.