Mosaic (NYSE:MOS) Given New $32.00 Price Target at Royal Bank of Canada

Mosaic (NYSE:MOS) had its price objective decreased by analysts at Royal Bank of Canada from $35.00 to $32.00 in a report released on Monday, Benzinga reports. The brokerage presently has a “sector perform” rating on the basic materials company’s stock. Royal Bank of Canada’s target price suggests a potential upside of 7.06% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Scotiabank upgraded shares of Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 price target for the company in a report on Thursday, February 22nd. TheStreet cut shares of Mosaic from a “b-” rating to a “c+” rating in a research note on Tuesday, February 6th. Piper Sandler downgraded Mosaic from a “neutral” rating to an “underweight” rating and cut their price target for the company from $42.00 to $32.00 in a report on Thursday, February 29th. Wolfe Research started coverage on Mosaic in a report on Friday, March 1st. They set an “outperform” rating and a $39.00 price objective on the stock. Finally, Wells Fargo & Company upped their target price on Mosaic from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Mosaic currently has an average rating of “Hold” and an average target price of $38.57.

Mosaic Trading Up 2.9 %

Shares of Mosaic stock opened at $29.89 on Monday. The business has a 50 day moving average price of $31.33 and a 200 day moving average price of $32.93. The company has a market capitalization of $9.62 billion, a P/E ratio of 12.72 and a beta of 1.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.16 and a quick ratio of 0.51. Mosaic has a 1 year low of $27.83 and a 1 year high of $42.81.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.88 billion. Mosaic had a return on equity of 8.23% and a net margin of 6.07%. The business’s revenue was down 25.7% compared to the same quarter last year. During the same period last year, the firm earned $1.14 earnings per share. Sell-side analysts anticipate that Mosaic will post 2.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Denali Advisors LLC raised its stake in shares of Mosaic by 100.5% in the 4th quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 414 shares during the period. Mather Group LLC. purchased a new position in Mosaic in the first quarter valued at about $40,000. Janiczek Wealth Management LLC lifted its stake in shares of Mosaic by 28.0% during the fourth quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 318 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of Mosaic during the first quarter worth about $50,000. Finally, NBC Securities Inc. acquired a new stake in shares of Mosaic in the third quarter valued at about $57,000. 77.54% of the stock is owned by institutional investors and hedge funds.

About Mosaic

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.