UBS Group Trims Mosaic (NYSE:MOS) Target Price to $30.00

Mosaic (NYSE:MOS) had its target price reduced by UBS Group from $33.00 to $30.00 in a report published on Tuesday, Benzinga reports. They currently have a neutral rating on the basic materials company’s stock.

A number of other equities research analysts have also weighed in on the stock. Mizuho decreased their price objective on shares of Mosaic from $34.00 to $33.00 and set a neutral rating for the company in a report on Friday, May 3rd. Barclays reduced their price target on shares of Mosaic from $42.00 to $39.00 and set an overweight rating for the company in a report on Monday, May 13th. Royal Bank of Canada reduced their price target on shares of Mosaic from $35.00 to $32.00 and set a sector perform rating for the company in a report on Monday, May 6th. Scotiabank reduced their price target on shares of Mosaic from $40.00 to $38.00 and set a sector outperform rating for the company in a report on Monday, May 6th. Finally, Piper Sandler reduced their price target on shares of Mosaic from $29.00 to $28.00 and set an underweight rating for the company in a report on Tuesday, June 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $37.73.

Mosaic Trading Up 1.1 %

Shares of MOS opened at $28.39 on Tuesday. Mosaic has a 1-year low of $26.54 and a 1-year high of $42.81. The company has a 50-day moving average of $29.05 and a 200 day moving average of $30.91. The firm has a market capitalization of $9.13 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 1.49 and a beta of 1.41. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.16 and a quick ratio of 0.51.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mosaic had a net margin of 6.07% and a return on equity of 8.23%. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter in the previous year, the business earned $1.14 EPS. The company’s quarterly revenue was down 25.7% compared to the same quarter last year. On average, research analysts expect that Mosaic will post 2.57 EPS for the current year.

Institutional Trading of Mosaic

Large investors have recently bought and sold shares of the stock. AustralianSuper Pty Ltd grew its position in Mosaic by 23.1% during the 4th quarter. AustralianSuper Pty Ltd now owns 2,083,150 shares of the basic materials company’s stock worth $74,431,000 after purchasing an additional 391,191 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Mosaic by 1,007.5% in the 4th quarter. Wellington Management Group LLP now owns 241,245 shares of the basic materials company’s stock valued at $8,620,000 after acquiring an additional 219,463 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Mosaic by 3,212.6% in the 4th quarter. International Assets Investment Management LLC now owns 240,200 shares of the basic materials company’s stock valued at $8,582,000 after acquiring an additional 232,949 shares during the last quarter. Sapient Capital LLC purchased a new stake in shares of Mosaic in the 4th quarter valued at $2,300,000. Finally, Oak Thistle LLC boosted its holdings in shares of Mosaic by 13.1% in the 4th quarter. Oak Thistle LLC now owns 40,136 shares of the basic materials company’s stock valued at $1,434,000 after acquiring an additional 4,658 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.