Mosaic (NYSE:MOS) Price Target Raised to $32.00 at Canadian Imperial Bank of Commerce

Mosaic (NYSE:MOS) had its price objective boosted by Canadian Imperial Bank of Commerce from $29.00 to $32.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Canadian Imperial Bank of Commerce currently has a neutral rating on the basic materials company’s stock.

MOS has been the subject of several other reports. Morgan Stanley decreased their price target on shares of Mosaic from $35.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. Weiss Ratings lowered shares of Mosaic from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Royal Bank Of Canada decreased their target price on shares of Mosaic from $29.00 to $28.00 and set a “sector perform” rating for the company in a research report on Thursday, February 26th. BNP Paribas Exane lowered their target price on shares of Mosaic from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, November 24th. Finally, HSBC cut their price target on shares of Mosaic from $35.00 to $26.00 and set a “hold” rating on the stock in a report on Monday, November 24th. Six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Mosaic currently has a consensus rating of “Hold” and an average price target of $30.94.

Mosaic Stock Up 4.2%

Shares of NYSE MOS opened at $28.83 on Tuesday. Mosaic has a 12-month low of $22.36 and a 12-month high of $38.23. The stock’s fifty day simple moving average is $28.01 and its two-hundred day simple moving average is $28.27. The stock has a market capitalization of $9.15 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 1.64 and a beta of 0.95. The company has a current ratio of 1.32, a quick ratio of 0.47 and a debt-to-equity ratio of 0.35.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, February 24th. The basic materials company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.26). The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.02 billion. Mosaic had a return on equity of 5.80% and a net margin of 4.49%.The company’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 earnings per share. As a group, analysts expect that Mosaic will post 2.04 EPS for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 21st will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Thursday, May 21st. Mosaic’s dividend payout ratio is currently 52.07%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. TD Waterhouse Canada Inc. raised its stake in Mosaic by 2.8% in the second quarter. TD Waterhouse Canada Inc. now owns 12,149 shares of the basic materials company’s stock valued at $447,000 after buying an additional 333 shares in the last quarter. Cary Street Partners Financial LLC raised its position in shares of Mosaic by 2.0% during the 4th quarter. Cary Street Partners Financial LLC now owns 19,604 shares of the basic materials company’s stock worth $472,000 after acquiring an additional 380 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Mosaic by 27.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 380 shares in the last quarter. Foster Dykema Cabot & Partners LLC lifted its stake in Mosaic by 54.3% during the third quarter. Foster Dykema Cabot & Partners LLC now owns 1,157 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 407 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Mosaic by 57.6% in the third quarter. Smartleaf Asset Management LLC now owns 1,135 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 415 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

About Mosaic

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.