Mosaic (NYSE:MOS) Given New $43.00 Price Target at Bank of America

Mosaic (NYSE:MOS) had its target price reduced by Bank of America from $49.00 to $43.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the basic materials company’s stock.

Several other equities research analysts have also recently commented on the stock. Wells Fargo & Company cut their price objective on shares of Mosaic from $38.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 7th. Royal Bank Of Canada cut shares of Mosaic from an “outperform” rating to a “sector perform” rating and set a $30.00 price target on the stock. in a report on Friday. Scotiabank cut shares of Mosaic from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $39.00 to $34.00 in a report on Friday, October 10th. Barclays decreased their target price on shares of Mosaic from $46.00 to $44.00 and set an “overweight” rating on the stock in a research report on Thursday, October 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mosaic in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.15.

Mosaic Price Performance

MOS opened at $30.01 on Tuesday. The company has a fifty day moving average price of $33.21 and a two-hundred day moving average price of $33.11. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.44 and a current ratio of 1.14. Mosaic has a 52 week low of $22.36 and a 52 week high of $38.23. The firm has a market capitalization of $9.52 billion, a PE ratio of 10.17, a P/E/G ratio of 1.49 and a beta of 1.00.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, August 5th. The basic materials company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.20). Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior year, the firm posted $0.54 EPS. Mosaic’s revenue was up 6.7% on a year-over-year basis. As a group, analysts anticipate that Mosaic will post 2.04 earnings per share for the current year.

Mosaic Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Monday, September 8th were given a dividend of $0.22 per share. The ex-dividend date was Monday, September 8th. This represents a $0.88 annualized dividend and a dividend yield of 2.9%. Mosaic’s dividend payout ratio (DPR) is currently 29.83%.

Institutional Trading of Mosaic

Large investors have recently made changes to their positions in the company. First Horizon Advisors Inc. boosted its position in shares of Mosaic by 172.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 433 shares in the last quarter. Bangor Savings Bank acquired a new stake in shares of Mosaic during the 2nd quarter worth approximately $26,000. Rothschild Investment LLC boosted its position in shares of Mosaic by 650.0% during the 2nd quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 650 shares in the last quarter. Rexford Capital Inc. acquired a new stake in shares of Mosaic during the 2nd quarter worth approximately $28,000. Finally, Reyes Financial Architecture Inc. bought a new position in Mosaic in the 2nd quarter valued at approximately $31,000. Institutional investors and hedge funds 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.