Scotiabank Forecasts Strong Price Appreciation for Mosaic (NYSE:MOS) Stock

Mosaic (NYSE:MOS - Get Free Report) had its price objective raised by investment analysts at Scotiabank from $34.00 to $42.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a "sector outperform" rating on the basic materials company's stock. Scotiabank's price objective would indicate a potential upside of 22.74% from the stock's previous close.

Several other equities research analysts also recently issued reports on the company. The Goldman Sachs Group initiated coverage on Mosaic in a report on Thursday, March 13th. They set a "buy" rating and a $31.00 price target for the company. Wells Fargo & Company upped their price target on shares of Mosaic from $28.00 to $35.00 and gave the company an "equal weight" rating in a research note on Monday. BNP Paribas upgraded shares of Mosaic to a "strong-buy" rating in a research note on Wednesday, April 9th. StockNews.com upgraded shares of Mosaic from a "hold" rating to a "buy" rating in a research report on Tuesday. Finally, CIBC increased their price target on Mosaic from $32.00 to $33.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.

Mosaic Stock Performance

Shares of MOS stock opened at $34.22 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The company has a fifty day moving average price of $27.30 and a two-hundred day moving average price of $26.58. The stock has a market cap of $10.85 billion, a P/E ratio of 30.28, a P/E/G ratio of 1.42 and a beta of 1.09. Mosaic has a one year low of $22.36 and a one year high of $34.42.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. The business had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.70 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. Mosaic's quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the company posted $0.65 earnings per share. As a group, equities analysts predict that Mosaic will post 2.04 EPS for the current year.

Institutional Investors Weigh In On Mosaic

A number of institutional investors have recently added to or reduced their stakes in the business. NBC Securities Inc. bought a new position in Mosaic during the 1st quarter worth $26,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Mosaic in the first quarter valued at about $27,000. Allworth Financial LP raised its position in shares of Mosaic by 102.3% during the first quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company's stock worth $31,000 after acquiring an additional 537 shares during the last quarter. Brooklyn Investment Group lifted its stake in shares of Mosaic by 110.8% in the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company's stock worth $27,000 after acquiring an additional 587 shares during the period. Finally, R Squared Ltd acquired a new position in shares of Mosaic in the fourth quarter worth approximately $33,000. 77.54% of the stock is owned by institutional investors.

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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