Bank of America Cuts Mosaic (NYSE:MOS) Price Target to $43.00

Key Points

• Bank of America has reduced its price target for Mosaic (NYSE:MOS) from $49.00 to $43.00, while maintaining a "buy" rating for the company.
• Multiple analysts have recently adjusted their price targets for Mosaic, with Wells Fargo lowering it to $34.00, and Zacks Research downgrading the stock from "strong buy" to "hold."
• Mosaic's quarterly earnings report showed earnings per share of $0.51, missing projections, while the company experienced a 6.7% revenue increase year-over-year.

Mosaic (NYSE:MOS - Get Free Report) had its price target cut by equities researchers at Bank of America from $49.00 to $43.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the basic materials company's stock. Bank of America's target price indicates a potential upside of 38.69% from the stock's current price.

Other analysts also recently issued reports about the company. Wells Fargo & Company decreased their price objective on Mosaic from $38.00 to $34.00 and set an "equal weight" rating for the company in a report on Thursday, August 7th. Barclays decreased their price objective on Mosaic from $46.00 to $44.00 and set an "overweight" rating for the company in a report on Thursday. UBS Group decreased their price objective on Mosaic from $44.00 to $40.00 and set a "buy" rating for the company in a report on Monday. Wall Street Zen downgraded Mosaic from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. Finally, Zacks Research downgraded Mosaic from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $35.15.

Mosaic Stock Up 2.2%

Shares of MOS opened at $31.00 on Tuesday. Mosaic has a 52 week low of $22.36 and a 52 week high of $38.23. The stock has a market capitalization of $9.84 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 1.46 and a beta of 1.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.44 and a current ratio of 1.14. The stock has a fifty day moving average of $33.33 and a 200-day moving average of $33.13.

Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly 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 net margin of 8.35% and a return on equity of 4.74%. The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. The firm's revenue was up 6.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Mosaic will post 2.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mosaic

Several hedge funds have recently modified their holdings of the company. Fiduciary Alliance LLC bought a new position in shares of Mosaic during the 3rd quarter worth approximately $1,969,000. Czech National Bank increased its stake in shares of Mosaic by 4.0% during the 3rd quarter. Czech National Bank now owns 80,608 shares of the basic materials company's stock worth $2,795,000 after purchasing an additional 3,066 shares during the last quarter. Sicart Associates LLC increased its stake in shares of Mosaic by 1.6% during the 3rd quarter. Sicart Associates LLC now owns 109,710 shares of the basic materials company's stock worth $3,805,000 after purchasing an additional 1,760 shares during the last quarter. Gradient Investments LLC purchased a new stake in shares of Mosaic during the 3rd quarter worth approximately $12,678,000. Finally, GAMMA Investing LLC increased its stake in shares of Mosaic by 5.7% during the 3rd quarter. GAMMA Investing LLC now owns 20,864 shares of the basic materials company's stock worth $724,000 after purchasing an additional 1,118 shares during 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.

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