Mosaic (NYSE:MOS) Price Target Cut to $39.00 by Analysts at Scotiabank

Key Points

• Scotiabank has reduced the price target for Mosaic (NYSE:MOS) from $42.00 to $39.00, maintaining a "sector outperform" rating, indicating a potential upside of 21.11% from the current stock price.
• Other analysts have varying views on the stock; Barclays increased their target to $46.00, while Wells Fargo lowered it to $34.00, reflecting mixed sentiments within the market.
• Mosaic recently reported lower-than-expected quarterly earnings, with a reported $0.51 EPS, missing the consensus of $0.71, and revenue of $3.01 billion falling short of estimates.

Mosaic (NYSE:MOS - Get Free Report) had its target price lowered by Scotiabank from $42.00 to $39.00 in a research note issued on Monday,Benzinga reports. The firm presently has a "sector outperform" rating on the basic materials company's stock. Scotiabank's price objective indicates a potential upside of 21.11% from the stock's current price.

Other equities analysts have also issued research reports about the stock. Barclays lifted their price target on shares of Mosaic from $40.00 to $46.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. CIBC increased their target price on shares of Mosaic from $32.00 to $33.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Mosaic in a research note on Monday, July 14th. Wall Street Zen raised shares of Mosaic from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Finally, Wells Fargo & Company decreased their target price on shares of Mosaic from $38.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $36.42.

Mosaic Stock Up 0.7%

Shares of NYSE:MOS traded up $0.22 during midday trading on Monday, reaching $32.20. 1,320,752 shares of the company were exchanged, compared to its average volume of 5,578,444. The firm has a market cap of $10.22 billion, a PE ratio of 10.92, a P/E/G ratio of 1.59 and a beta of 1.12. Mosaic has a fifty-two week low of $22.36 and a fifty-two week high of $38.23. The stock has a fifty day simple moving average of $35.86 and a two-hundred day simple moving average of $30.91. The company has a quick ratio of 0.44, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

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

Insider Buying and Selling at Mosaic

In related news, SVP Walter F. Precourt III sold 18,000 shares of Mosaic stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $35.73, for a total transaction of $643,140.00. Following the completion of the transaction, the senior vice president directly owned 128,546 shares of the company's stock, valued at approximately $4,592,948.58. The trade was a 12.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.86% of the company's stock.

Institutional Investors Weigh In On Mosaic

A number of institutional investors have recently added to or reduced their stakes in MOS. Ancora Advisors LLC lifted its holdings in shares of Mosaic by 0.9% during the first quarter. Ancora Advisors LLC now owns 40,256 shares of the basic materials company's stock worth $1,087,000 after purchasing an additional 350 shares during the period. NewEdge Advisors LLC increased its position in shares of Mosaic by 27.8% during the first 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. Twin Capital Management Inc. grew its position in Mosaic by 2.7% in the 1st quarter. Twin Capital Management Inc. now owns 14,590 shares of the basic materials company's stock worth $394,000 after purchasing an additional 384 shares in the last quarter. UMB Bank n.a. boosted its stake in Mosaic by 25.7% in the second quarter. UMB Bank n.a. now owns 1,893 shares of the basic materials company's stock valued at $69,000 after acquiring an additional 387 shares during the last quarter. Finally, Abundance Wealth Counselors boosted its stake in Mosaic by 1.8% in the second quarter. Abundance Wealth Counselors now owns 22,777 shares of the basic materials company's stock valued at $827,000 after acquiring an additional 413 shares during the last quarter. Hedge funds and other 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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