Mosaic (NYSE:MOS) Given New $28.00 Price Target at Berenberg Bank

Key Points

• Berenberg Bank cut its price target on Mosaic to $28 from $38 and kept a "hold" rating, implying about a 21.86% upside from the stock's current level.
• Several other brokers have also lowered targets recently, leaving a consensus price target of $29.31 and an average analyst rating of "Hold" (4 Buy, 12 Hold, 3 Sell).
• Mosaic shares traded around $22.98 after the company reported an earnings miss (Q EPS $0.22 vs. $0.48 expected); the stock has a $7.3B market cap, P/E of 13.6, and a 52-week range of $22.74–$38.23.

Mosaic (NYSE:MOS - Get Free Report) had its target price cut by equities research analysts at Berenberg Bank from $38.00 to $28.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The firm currently has a "hold" rating on the basic materials company's stock. Berenberg Bank's price target suggests a potential upside of 21.86% from the company's current price.

Several other equities analysts have also issued reports on MOS. JPMorgan Chase & Co. lowered Mosaic from a "neutral" rating to an "underweight" rating and set a $24.00 target price on the stock. in a research note on Thursday, February 26th. Bank of America lowered Mosaic from a "buy" rating to a "neutral" rating and cut their target price for the company from $33.00 to $30.00 in a research note on Friday, March 20th. BNP Paribas Exane cut their target price on Mosaic from $35.00 to $33.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 25th. Scotiabank lowered their price target on Mosaic from $35.00 to $33.00 and set an "outperform" rating for the company in a report on Monday, April 20th. Finally, Mizuho dropped their price target on Mosaic from $30.00 to $27.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 15th. Four equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $29.31.

Mosaic Trading Up 0.0%

MOS traded up $0.01 during trading on Tuesday, reaching $22.98. The company had a trading volume of 943,244 shares, compared to its average volume of 8,753,911. The company has a quick ratio of 0.47, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. The business has a 50 day simple moving average of $25.96 and a 200-day simple moving average of $26.30. Mosaic has a 52 week low of $22.74 and a 52 week high of $38.23. The stock has a market cap of $7.30 billion, a P/E ratio of 13.60, a PEG ratio of 1.39 and a beta of 0.79.

Mosaic (NYSE:MOS - Get Free Report) last released its earnings results on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.26). The business had revenue of $2.97 billion during the quarter, compared to analysts' expectations of $3.02 billion. Mosaic had a return on equity of 5.80% and a net margin of 4.49%.The business's revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 EPS. On average, equities analysts anticipate that Mosaic will post 1.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MOS. NewEdge Advisors LLC raised its stake 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 buying an additional 380 shares during the period. United Services Automobile Association acquired a new position in shares of Mosaic during the 1st quarter worth approximately $201,000. Empowered Funds LLC raised its stake in shares of Mosaic by 170.5% during the 1st quarter. Empowered Funds LLC now owns 54,176 shares of the basic materials company's stock worth $1,463,000 after buying an additional 34,151 shares during the period. Woodline Partners LP raised its stake in shares of Mosaic by 40.7% during the 1st quarter. Woodline Partners LP now owns 26,836 shares of the basic materials company's stock worth $725,000 after buying an additional 7,760 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in shares of Mosaic by 169.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company's stock worth $26,000 after buying an additional 601 shares during the period. 77.54% of the stock is owned by institutional investors and hedge funds.

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.

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