Mosaic (NYSE:MOS) PT Lowered to $29.00 at Piper Sandler

Mosaic (NYSE:MOS - Get Free Report) had its price target lowered by equities research analysts at Piper Sandler from $32.00 to $29.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an "underweight" rating on the basic materials company's stock. Piper Sandler's price target points to a potential downside of 2.98% from the company's current price.

MOS has been the subject of a number of other research reports. Scotiabank cut their price objective on shares of Mosaic from $40.00 to $38.00 and set a "sector outperform" rating for the company in a research report on Monday. Wells Fargo & Company raised their price objective on shares of Mosaic from $34.00 to $35.00 and gave the company an "equal weight" rating in a research note on Friday, February 23rd. Wolfe Research initiated coverage on shares of Mosaic in a research note on Friday, March 1st. They issued an "outperform" rating and a $39.00 price objective on the stock. TheStreet cut shares of Mosaic from a "b-" rating to a "c+" rating in a research note on Tuesday, February 6th. Finally, The Goldman Sachs Group reduced their price objective on shares of Mosaic from $54.00 to $48.00 and set a "buy" rating on the stock in a research note on Thursday, February 1st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $38.57.

Mosaic Stock Performance

Shares of MOS traded up $0.85 during mid-day trading on Tuesday, hitting $29.89. The stock had a trading volume of 5,205,157 shares, compared to its average volume of 5,020,311. The company has a market cap of $9.62 billion, a PE ratio of 12.72 and a beta of 1.51. Mosaic has a fifty-two week low of $27.83 and a fifty-two week high of $42.81. The company's fifty day simple moving average is $31.33 and its two-hundred day simple moving average is $32.93. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOS - Get Free Report) last posted its earnings results on Wednesday, May 1st. The basic materials company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.88 billion. Mosaic had a net margin of 6.07% and a return on equity of 8.23%. The firm's revenue was down 25.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.14 earnings per share. On average, equities analysts expect that Mosaic will post 2.78 earnings per share for the current year.

Institutional Trading of Mosaic

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC lifted its holdings in shares of Mosaic by 29.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 94,382 shares of the basic materials company's stock worth $3,360,000 after acquiring an additional 21,706 shares during the period. Robeco Institutional Asset Management B.V. increased its position in Mosaic by 91.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 62,092 shares of the basic materials company's stock worth $2,210,000 after purchasing an additional 29,644 shares in the last quarter. IFM Investors Pty Ltd increased its position in Mosaic by 1.2% during the 3rd quarter. IFM Investors Pty Ltd now owns 65,915 shares of the basic materials company's stock worth $2,347,000 after purchasing an additional 765 shares in the last quarter. TD Asset Management Inc increased its position in Mosaic by 41.7% during the 3rd quarter. TD Asset Management Inc now owns 319,439 shares of the basic materials company's stock worth $11,372,000 after purchasing an additional 94,063 shares in the last quarter. Finally, ING Groep NV increased its position in Mosaic by 63.7% during the 3rd quarter. ING Groep NV now owns 357,265 shares of the basic materials company's stock worth $12,719,000 after purchasing an additional 139,045 shares in 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.