Morgan Stanley Lowers Mosaic (NYSE:MOS) Price Target to $26.00

by · The Markets Daily

Mosaic (NYSE:MOS – Get Free Report) had its target price reduced by stock analysts at Morgan Stanley from $28.00 to $26.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the basic materials company’s stock. Morgan Stanley’s price objective indicates a potential upside of 15.75% from the company’s current price.

Several other analysts have also issued reports on the stock. HSBC reduced their target price on shares of Mosaic from $26.00 to $23.00 and set a “hold” rating for the company in a research note on Thursday, June 18th. Freedom Capital upgraded shares of Mosaic from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, June 17th. The Goldman Sachs Group reduced their price objective on shares of Mosaic from $31.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Zacks Research lowered shares of Mosaic from a “hold” rating to a “strong sell” rating in a research note on Friday, June 19th. Finally, Canadian Imperial Bank of Commerce set a $25.00 target price on Mosaic in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $27.28.

Read Our Latest Analysis on Mosaic

Mosaic Price Performance

MOS stock opened at $22.46 on Tuesday. The company has a market capitalization of $7.13 billion, a P/E ratio of 172.81, a price-to-earnings-growth ratio of 2.65 and a beta of 0.79. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.45 and a current ratio of 1.25. Mosaic has a 52-week low of $19.80 and a 52-week high of $38.23. The business has a 50-day simple moving average of $22.65 and a two-hundred day simple moving average of $25.21.

Mosaic (NYSE:MOS – Get Free Report) last issued its quarterly earnings data on Monday, May 11th. The basic materials company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.15). Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same period last year, the company earned $0.49 earnings per share. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. Research analysts expect that Mosaic will post 0.83 EPS for the current fiscal year.

Hedge Funds Weigh In On Mosaic

Several institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its position in Mosaic by 169.3% in the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after buying an additional 601 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Mosaic during the 2nd quarter worth $31,000. SJS Investment Consulting Inc. increased its holdings in Mosaic by 72.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,245 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 525 shares during the last quarter. Gen Wealth Partners Inc bought a new stake in Mosaic in the 4th quarter valued at about $32,000. Finally, MUFG Securities EMEA plc bought a new stake in Mosaic in the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Company Profile

(Get Free Report)

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.

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