Mosaic (MOS) PT Set at $30.00 by Credit Suisse Group

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Mosaic (NYSE:MOS) has been assigned a $30.00 target price by research analysts at Credit Suisse Group in a report released on Wednesday. The firm presently has a “sell” rating on the basic materials company’s stock. Credit Suisse Group’s price target points to a potential downside of 17.26% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Mosaic from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Tuesday, July 24th. Bank of America raised shares of Mosaic from an “underperform” rating to a “buy” rating and boosted their price target for the company from $24.00 to $35.00 in a research report on Tuesday, July 24th. Royal Bank of Canada boosted their price target on shares of Mosaic from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, July 18th. ValuEngine raised shares of Mosaic from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. Finally, Citigroup raised shares of Mosaic from a “neutral” rating to a “buy” rating and boosted their price target for the company from $36.00 to $40.00 in a research report on Wednesday, October 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $35.07.

MOS traded up $0.62 on Wednesday, reaching $36.26. The company had a trading volume of 3,554,438 shares, compared to its average volume of 4,087,929. Mosaic has a 1 year low of $22.24 and a 1 year high of $35.69. The stock has a market cap of $12.30 billion, a PE ratio of 33.27, a price-to-earnings-growth ratio of 2.62 and a beta of 1.42. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.61 and a quick ratio of 0.77.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Monday, November 5th. The basic materials company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.11. Mosaic had a negative net margin of 1.14% and a positive return on equity of 4.88%. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same period in the previous year, the company earned $0.43 earnings per share. Mosaic’s quarterly revenue was up 47.5% compared to the same quarter last year. As a group, equities analysts expect that Mosaic will post 1.74 EPS for the current fiscal year.

In other Mosaic news, Director Luciano Siani Pires acquired 2,000 shares of the company’s stock in a transaction on Thursday, August 16th. The shares were bought at an average cost of $29.68 per share, for a total transaction of $59,360.00. Following the completion of the purchase, the director now owns 2,000 shares in the company, valued at approximately $59,360. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.45% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Nations Financial Group Inc. IA ADV acquired a new position in shares of Mosaic during the third quarter worth about $201,000. WESCAP Management Group Inc. increased its stake in shares of Mosaic by 36.0% during the third quarter. WESCAP Management Group Inc. now owns 37,693 shares of the basic materials company’s stock worth $1,224,000 after acquiring an additional 9,982 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Mosaic by 14.0% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,303,302 shares of the basic materials company’s stock worth $42,331,000 after acquiring an additional 159,839 shares during the period. Advisor Partners LLC acquired a new position in shares of Mosaic during the third quarter worth about $204,000. Finally, Cedar Wealth Management LLC increased its stake in shares of Mosaic by 84.0% during the third quarter. Cedar Wealth Management LLC now owns 17,827 shares of the basic materials company’s stock worth $579,000 after acquiring an additional 8,138 shares during the period. Institutional investors own 74.86% of the company’s stock.

Mosaic Company Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. The company operates through three segments: Phosphates, Potash, and International Distribution. 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.

Further Reading: Outstanding Shares and The Effect on Share Price

Analyst Recommendations for Mosaic (NYSE:MOS)

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