Mosaic (NYSE:MOS) Stock Price Expected to Rise, Piper Sandler Analyst Says

Mosaic (NYSE:MOS) had its target price boosted by analysts at Piper Sandler from $30.00 to $33.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. Piper Sandler’s target price would suggest a potential upside of 16.98% from the stock’s previous close.

Other research analysts have also issued reports about the company. Mizuho increased their price objective on Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. CIBC began coverage on shares of Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 target price for the company. Barclays lowered shares of Mosaic from an “overweight” rating to an “underweight” rating and reduced their price target for the company from $30.00 to $27.00 in a research report on Tuesday, January 21st. Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 target price on shares of Mosaic in a report on Thursday, November 14th. Finally, Oppenheimer began coverage on Mosaic in a report on Thursday, December 12th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $35.09.

Mosaic Trading Up 0.8 %

Mosaic stock opened at $28.21 on Monday. The business’s 50-day simple moving average is $25.88 and its 200-day simple moving average is $26.72. Mosaic has a 52 week low of $23.56 and a 52 week high of $33.44. The firm has a market capitalization of $8.96 billion, a PE ratio of 24.96, a PEG ratio of 1.49 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.24). The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $3.17 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The company’s revenue was down 20.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 EPS. Equities research analysts forecast that Mosaic will post 2.05 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its stake in Mosaic by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company’s stock valued at $228,018,000 after acquiring an additional 178,844 shares during the period. Two Sigma Advisers LP lifted its stake in shares of Mosaic by 40.6% during the 3rd quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company’s stock worth $87,817,000 after buying an additional 947,500 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Mosaic by 44.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock worth $86,189,000 after buying an additional 986,812 shares during the period. Thompson Siegel & Walmsley LLC grew its stake in Mosaic by 13.9% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,939,404 shares of the basic materials company’s stock valued at $78,717,000 after buying an additional 359,760 shares during the last quarter. Finally, Donald Smith & CO. Inc. lifted its position in Mosaic by 32.1% during the third quarter. Donald Smith & CO. Inc. now owns 2,751,580 shares of the basic materials company’s stock worth $73,687,000 after acquiring an additional 668,347 shares during the last quarter. Institutional investors and hedge funds 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.