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

Mosaic (NYSE:MOS - Get Free Report) had its target price raised by equities researchers at Mizuho from $28.00 to $29.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the basic materials company's stock. Mizuho's target price would suggest a potential upside of 11.03% from the company's current price.

MOS has been the subject of several other research reports. Royal Bank of Canada reissued a "sector perform" rating and issued a $30.00 price target on shares of Mosaic in a research note on Monday, August 12th. Wells Fargo & Company decreased their price target on Mosaic from $29.00 to $27.00 and set an "equal weight" rating for the company in a research note on Tuesday, September 24th. Finally, Barclays decreased their price target on Mosaic from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $33.22.

Mosaic Stock Performance

Shares of MOS stock traded up $0.26 on Wednesday, hitting $26.12. 5,095,899 shares of the stock traded hands, compared to its average volume of 4,359,350. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.54. The company has a market capitalization of $8.32 billion, a PE ratio of 23.65, a PEG ratio of 1.62 and a beta of 1.35. Mosaic has a 1-year low of $24.11 and a 1-year high of $38.30. The company's fifty day moving average is $26.40 and its 200 day moving average is $27.97.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings results 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). Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same period in the prior year, the company posted $0.68 earnings per share. The business's revenue was down 20.8% on a year-over-year basis. On average, equities research analysts predict that Mosaic will post 2.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mosaic

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kingsview Wealth Management LLC purchased a new stake in shares of Mosaic during the 1st quarter worth about $1,776,000. Manning & Napier Advisors LLC purchased a new stake in shares of Mosaic during the 2nd quarter worth about $3,610,000. Price T Rowe Associates Inc. MD raised its stake in shares of Mosaic by 1,815.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,682,108 shares of the basic materials company's stock worth $346,743,000 after purchasing an additional 10,124,427 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Mosaic by 5.1% during the 1st quarter. Vanguard Group Inc. now owns 39,357,229 shares of the basic materials company's stock worth $1,277,536,000 after purchasing an additional 1,893,797 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Mosaic by 25.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 399,210 shares of the basic materials company's stock worth $12,958,000 after purchasing an additional 80,634 shares in the last quarter. 77.54% of the stock is owned by hedge funds and other 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.