Mosaic (NYSE:MOS) Given New $29.00 Price Target at Piper Sandler

Mosaic (NYSE:MOS) had its price target decreased by stock analysts at Piper Sandler from $32.00 to $29.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “underweight” rating on the basic materials company’s stock. Piper Sandler’s price target suggests a potential downside of 1.93% from the stock’s previous close.

MOS has been the topic of a number of other reports. TheStreet downgraded shares of Mosaic from a “b-” rating to a “c+” rating in a report on Tuesday, February 6th. The Goldman Sachs Group decreased their target price on Mosaic from $54.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. Mizuho dropped their price target on Mosaic from $34.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Wells Fargo & Company lifted their price objective on Mosaic from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. Finally, Wolfe Research assumed coverage on Mosaic in a research report on Friday, March 1st. They set an “outperform” rating and a $39.00 target price for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Mosaic presently has an average rating of “Hold” and an average target price of $38.57.

Mosaic Stock Performance

MOS stock opened at $29.57 on Tuesday. The stock’s fifty day moving average price is $31.30 and its 200-day moving average price is $32.91. The company has a market cap of $9.51 billion, a P/E ratio of 12.58 and a beta of 1.51. Mosaic has a 1 year low of $27.83 and a 1 year high of $42.81. 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 (NYSE:MOS) last issued its earnings results on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.88 billion. Mosaic had a return on equity of 8.23% and a net margin of 6.07%. The company’s quarterly revenue was down 25.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.14 EPS. On average, equities analysts forecast that Mosaic will post 2.78 earnings per share for the current year.

Institutional Investors Weigh In On Mosaic

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MOS. Janiczek Wealth Management LLC raised 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 valued at $52,000 after acquiring an additional 318 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in Mosaic by 14.5% during the 4th quarter. AdvisorNet Financial Inc now owns 2,582 shares of the basic materials company’s stock worth $92,000 after purchasing an additional 327 shares during the period. Denali Advisors LLC raised its position in Mosaic by 100.5% during the 4th quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 414 shares in the last quarter. Uncommon Cents Investing LLC lifted its holdings in shares of Mosaic by 3.2% in the 1st quarter. Uncommon Cents Investing LLC now owns 13,500 shares of the basic materials company’s stock worth $438,000 after buying an additional 415 shares during the period. Finally, Moors & Cabot Inc. grew its position in shares of Mosaic by 4.2% during the 3rd quarter. Moors & Cabot Inc. now owns 10,500 shares of the basic materials company’s stock worth $374,000 after buying an additional 419 shares in the last quarter. Institutional investors own 77.54% of the company’s stock.

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.