Mosaic (MOS) Given New $38.00 Price Target at Royal Bank of Canada

Mosaic (NYSE:MOS) had its price target decreased by equities research analysts at Royal Bank of Canada from $40.00 to $38.00 in a research report issued on Wednesday, May 8th, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the basic materials company’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 76.99% from the company’s current price.

MOS has been the subject of a number of other research reports. Berenberg Bank began coverage on shares of Mosaic in a report on Tuesday, March 26th. They set a “hold” rating and a $30.00 price objective for the company. UBS Group decreased their price objective on shares of Mosaic from $40.00 to $38.00 and set a “buy” rating for the company in a report on Monday, April 1st. Stifel Nicolaus boosted their price objective on shares of Mosaic from $31.00 to $33.00 and gave the company a “hold” rating in a report on Tuesday, April 9th. Bank of America cut shares of Mosaic from a “buy” rating to a “neutral” rating and set a $25.49 price objective for the company. in a report on Thursday, May 2nd. Finally, Credit Suisse Group raised shares of Mosaic from a “neutral” rating to an “outperform” rating and cut their price target for the company from $30.00 to $28.00 in a research note on Tuesday, May 7th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. Mosaic presently has a consensus rating of “Hold” and an average price target of $33.13.

Shares of MOS stock opened at $21.47 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 1.73 and a debt-to-equity ratio of 0.42. The stock has a market cap of $8.28 billion, a P/E ratio of 10.13, a PEG ratio of 1.82 and a beta of 1.42. Mosaic has a 12-month low of $20.81 and a 12-month high of $37.37.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Monday, May 6th. The basic materials company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.04. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Mosaic had a net margin of 5.85% and a return on equity of 7.88%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.20 EPS. On average, equities research analysts expect that Mosaic will post 1.68 EPS for the current fiscal year.

In related news, Director Emery N. Koenig acquired 2,089 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were purchased at an average cost of $23.95 per share, for a total transaction of $50,031.55. Following the completion of the acquisition, the director now directly owns 25,244 shares in the company, valued at $604,593.80. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO James Calvin O’rourke acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was bought at an average price of $24.03 per share, for a total transaction of $240,300.00. Following the completion of the acquisition, the chief executive officer now owns 168,345 shares of the company’s stock, valued at $4,045,330.35. The disclosure for this purchase can be found here. Insiders have acquired 17,339 shares of company stock worth $414,182 over the last ninety days. Insiders own 0.51% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in MOS. Private Capital Group LLC lifted its position in Mosaic by 50.8% during the fourth quarter. Private Capital Group LLC now owns 1,203 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 405 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of Mosaic by 0.8% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 53,888 shares of the basic materials company’s stock worth $1,472,000 after acquiring an additional 443 shares during the last quarter. BMT Investment Advisors lifted its holdings in shares of Mosaic by 0.9% in the first quarter. BMT Investment Advisors now owns 50,902 shares of the basic materials company’s stock worth $1,390,000 after acquiring an additional 471 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Mosaic by 4.8% in the first quarter. Assenagon Asset Management S.A. now owns 10,900 shares of the basic materials company’s stock worth $298,000 after acquiring an additional 500 shares during the last quarter. Finally, Tocqueville Asset Management L.P. lifted its holdings in shares of Mosaic by 2.1% in the first quarter. Tocqueville Asset Management L.P. now owns 24,475 shares of the basic materials company’s stock worth $668,000 after acquiring an additional 500 shares during the last quarter. Institutional investors and hedge funds own 74.78% 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 International Distribution. 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.

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Analyst Recommendations for Mosaic (NYSE:MOS)

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