Mosaic (NYSE:MOS) Given New $33.00 Price Target at Scotiabank

Mosaic (NYSE:MOS) had its price objective reduced by Scotiabank from $35.00 to $33.00 in a research note issued to investors on Monday, Marketbeat Ratings reports. They currently have an outperform rating on the basic materials company’s stock.

Several other equities research analysts have also issued reports on MOS. BNP Paribas Exane dropped their target price on shares of Mosaic from $35.00 to $33.00 and set an “outperform” rating for the company in a research report on Wednesday, March 25th. JPMorgan Chase & Co. lowered shares of Mosaic from a “neutral” rating to an “underweight” rating and set a $24.00 target price for the company. in a research report on Thursday, February 26th. Wolfe Research dropped their target price on shares of Mosaic from $37.00 to $36.00 and set an “outperform” rating for the company in a research report on Thursday, February 26th. Canadian Imperial Bank of Commerce lifted their price target on shares of Mosaic from $29.00 to $32.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 17th. Finally, Oppenheimer set a $35.00 price target on shares of Mosaic in a research note on Friday, January 16th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $29.87.

Mosaic Trading Down 1.9%

Shares of Mosaic stock opened at $24.10 on Monday. Mosaic has a 1 year low of $23.06 and a 1 year high of $38.23. The firm has a market cap of $7.65 billion, a PE ratio of 14.26, a PEG ratio of 2.50 and a beta of 0.95. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.47. The company has a 50 day simple moving average of $26.95 and a two-hundred day simple moving average of $26.83.

Mosaic (NYSE:MOS) last announced its earnings results on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.26). Mosaic had a net margin of 4.49% and a return on equity of 5.80%. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. Analysts expect that Mosaic will post 1.65 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 21st will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.88 annualized dividend and a dividend yield of 3.7%. Mosaic’s dividend payout ratio (DPR) is 52.07%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Dorsey Wright & Associates bought a new stake in shares of Mosaic during the 3rd quarter valued at $4,170,000. Wedge Capital Management L L P NC boosted its holdings in shares of Mosaic by 87.5% during the 4th quarter. Wedge Capital Management L L P NC now owns 376,905 shares of the basic materials company’s stock valued at $9,080,000 after buying an additional 175,914 shares in the last quarter. Barclays PLC boosted its holdings in shares of Mosaic by 55.6% during the 3rd quarter. Barclays PLC now owns 1,606,609 shares of the basic materials company’s stock valued at $55,717,000 after buying an additional 574,352 shares in the last quarter. Algert Global LLC boosted its holdings in shares of Mosaic by 26.3% during the 3rd quarter. Algert Global LLC now owns 380,138 shares of the basic materials company’s stock valued at $13,183,000 after buying an additional 79,222 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Mosaic during the 4th quarter valued at $1,302,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Company Profile

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.