Mosaic (NYSE:MOS) Given New $30.00 Price Target at BNP Paribas Exane

Mosaic (NYSE:MOS) had its price target reduced by investment analysts at BNP Paribas Exane from $33.00 to $30.00 in a note issued to investors on Wednesday,MarketScreener reports. The brokerage currently has an “outperform” rating on the basic materials company’s stock. BNP Paribas Exane’s target price suggests a potential upside of 26.56% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Barclays cut their target price on shares of Mosaic from $31.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, May 18th. Wolfe Research decreased their price target on shares of Mosaic from $37.00 to $36.00 and set an “outperform” rating for the company in a research report on Thursday, February 26th. Morgan Stanley dropped their price target on shares of Mosaic from $35.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, February 26th. Freedom Capital lowered Mosaic from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 19th. Finally, UBS Group reduced their price objective on Mosaic from $27.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 12th. Six investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mosaic has a consensus rating of “Hold” and an average target price of $27.47.

Mosaic Trading Down 0.1%

Mosaic stock traded down $0.02 during midday trading on Wednesday, reaching $23.70. 1,305,751 shares of the stock traded hands, compared to its average volume of 8,820,760. The firm has a market cap of $7.53 billion, a PE ratio of 182.28, a price-to-earnings-growth ratio of 2.68 and a beta of 0.79. The company has a current ratio of 1.25, a quick ratio of 0.45 and a debt-to-equity ratio of 0.36. The company has a 50-day simple moving average of $24.15 and a two-hundred day simple moving average of $25.58. Mosaic has a 12-month low of $20.89 and a 12-month high of $38.23.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Dorsey Wright & Associates purchased a new stake in shares of Mosaic during the 3rd quarter worth approximately $4,170,000. Wedge Capital Management L L P NC grew its position in shares of Mosaic by 87.5% in the 4th quarter. Wedge Capital Management L L P NC now owns 376,905 shares of the basic materials company’s stock valued at $9,080,000 after buying an additional 175,914 shares during the last quarter. Barclays PLC raised its stake in Mosaic by 55.6% during the 3rd quarter. Barclays PLC now owns 1,606,609 shares of the basic materials company’s stock worth $55,717,000 after acquiring an additional 574,352 shares in the last quarter. Algert Global LLC lifted its position in Mosaic by 26.3% in the third quarter. Algert Global LLC now owns 380,138 shares of the basic materials company’s stock valued at $13,183,000 after acquiring an additional 79,222 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in Mosaic in the fourth quarter valued at $1,302,000. 77.54% of the stock is owned by institutional investors and hedge funds.

About Mosaic

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.