Berenberg Bank Cuts Mosaic (NYSE:MOS) Price Target to $27.00

Mosaic (NYSE:MOS) had its price target reduced by analysts at Berenberg Bank from $28.00 to $27.00 in a report released on Tuesday,MarketScreener reports. The firm currently has a “hold” rating on the basic materials company’s stock. Berenberg Bank’s target price would indicate a potential upside of 27.96% from the company’s current price.

A number of other brokerages also recently issued reports on MOS. Morgan Stanley cut their price target on Mosaic from $35.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. The Goldman Sachs Group dropped their price objective on Mosaic from $31.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Wells Fargo & Company cut their target price on Mosaic from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Thursday. Canadian Imperial Bank of Commerce set a $25.00 target price on shares of Mosaic in a report on Tuesday, May 12th. Finally, Weiss Ratings cut shares of Mosaic from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, May 12th. Five analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $27.44.

Mosaic Stock Down 1.4%

Shares of MOS traded down $0.31 during mid-day trading on Tuesday, hitting $21.10. The company’s stock had a trading volume of 879,575 shares, compared to its average volume of 8,849,367. The company’s 50-day moving average is $24.96 and its 200-day moving average is $25.81. Mosaic has a 52-week low of $21.03 and a 52-week high of $38.23. The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 161.52, a PEG ratio of 1.72 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 data on Monday, May 11th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.15). The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.93 billion. Mosaic had a net margin of 0.36% and a return on equity of 4.66%. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 earnings per share. On average, equities research analysts forecast that Mosaic will post 1.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Mosaic

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Mosaic by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 39,123,171 shares of the basic materials company’s stock worth $942,477,000 after purchasing an additional 461,524 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Mosaic by 6.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,240,050 shares of the basic materials company’s stock valued at $363,110,000 after purchasing an additional 832,914 shares in the last quarter. State Street Corp raised its holdings in shares of Mosaic by 1.9% in the fourth quarter. State Street Corp now owns 13,174,708 shares of the basic materials company’s stock worth $317,379,000 after buying an additional 240,146 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Mosaic by 28.9% during the fourth quarter. Invesco Ltd. now owns 11,840,398 shares of the basic materials company’s stock worth $285,235,000 after buying an additional 2,653,969 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Mosaic by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 8,479,395 shares of the basic materials company’s stock worth $203,916,000 after buying an additional 63,822 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.

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.