Morgan Stanley Lowers Mosaic (NYSE:MOS) Price Target to $30.00

Mosaic (NYSE:MOS) had its price objective lowered by equities researchers at Morgan Stanley from $40.00 to $30.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the basic materials company’s stock. Morgan Stanley’s target price points to a potential upside of 10.62% from the company’s current price.

A number of other research firms also recently issued reports on MOS. Wells Fargo & Company cut their price objective on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, September 24th. CIBC began coverage on Mosaic in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price target for the company. Piper Sandler raised Mosaic from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $26.00 to $30.00 in a research report on Monday. Mizuho upped their target price on Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Finally, Oppenheimer initiated coverage on Mosaic in a research report on Thursday, December 12th. They issued a “market perform” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $35.09.

Mosaic Trading Up 1.1 %

Shares of NYSE:MOS opened at $27.12 on Monday. The stock has a market cap of $8.61 billion, a PE ratio of 24.00, a P/E/G ratio of 1.85 and a beta of 1.34. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. Mosaic has a 12-month low of $23.56 and a 12-month high of $33.44. The business has a 50 day moving average of $25.71 and a 200-day moving average of $26.71.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $3.17 billion. During the same period in the prior year, the company earned $0.68 earnings per share. The business’s quarterly revenue was down 20.8% compared to the same quarter last year. As a group, equities research analysts forecast that Mosaic will post 2.07 earnings per share for the current year.

Hedge Funds Weigh In On Mosaic

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP increased its holdings in shares of Mosaic by 131.4% during the second quarter. Quarry LP now owns 38,894 shares of the basic materials company’s stock worth $1,124,000 after buying an additional 22,084 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Mosaic by 44.2% in 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 purchasing an additional 986,812 shares in the last quarter. Swedbank AB raised its position in Mosaic by 2.3% in the third quarter. Swedbank AB now owns 1,269,494 shares of the basic materials company’s stock valued at $33,997,000 after purchasing an additional 28,816 shares during the last quarter. Herr Investment Group LLC boosted its stake in shares of Mosaic by 1,318.7% during the second quarter. Herr Investment Group LLC now owns 332,209 shares of the basic materials company’s stock valued at $9,601,000 after purchasing an additional 308,792 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Mosaic during the third quarter worth about $1,251,000. 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.