Mosaic (NYSE:MOS) Price Target Cut to $33.00 by Analysts at Mizuho

Mosaic (NYSE:MOS) had its price objective cut by equities researchers at Mizuho from $34.00 to $33.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the basic materials company’s stock. Mizuho’s price objective suggests a potential upside of 15.06% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. TheStreet cut Mosaic from a “b-” rating to a “c+” rating in a research note on Tuesday, February 6th. Piper Sandler cut Mosaic from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $42.00 to $32.00 in a research note on Thursday, February 29th. The Goldman Sachs Group lowered their price objective on Mosaic from $54.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. Wells Fargo & Company upped their price target on Mosaic from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. Finally, Scotiabank upgraded Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 price target on the stock in a research report on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mosaic presently has an average rating of “Hold” and an average price target of $40.20.

Mosaic Price Performance

Shares of NYSE:MOS opened at $28.68 on Friday. The company’s 50-day moving average is $31.41 and its 200 day moving average is $33.05. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.57 and a current ratio of 1.16. The company has a market capitalization of $9.23 billion, a P/E ratio of 12.20, a price-to-earnings-growth ratio of 1.46 and a beta of 1.51. Mosaic has a fifty-two week low of $27.83 and a fifty-two week high of $42.81.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mosaic had a net margin of 6.07% and a return on equity of 8.23%. The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter in the prior year, the firm posted $1.14 earnings per share. The company’s revenue was down 25.7% on a year-over-year basis. On average, equities research analysts forecast that Mosaic will post 2.78 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MOS. Denali Advisors LLC increased its position in shares of Mosaic by 100.5% in the fourth quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 414 shares during the last quarter. Mather Group LLC. purchased a new stake in Mosaic in the first quarter worth approximately $40,000. Fidelis Capital Partners LLC purchased a new stake in Mosaic in the first quarter worth approximately $50,000. Janiczek Wealth Management LLC boosted its stake in Mosaic by 28.0% in the fourth quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock worth $52,000 after buying an additional 318 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in Mosaic by 526.1% in the third quarter. Exchange Traded Concepts LLC now owns 1,534 shares of the basic materials company’s stock worth $55,000 after buying an additional 1,289 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors.

Mosaic Company Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. 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, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.