Mizuho Lowers Mosaic (NYSE:MOS) Price Target to $28.00

Mosaic (NYSE:MOS) had its price objective lowered by research analysts at Mizuho from $31.00 to $28.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the basic materials company’s stock. Mizuho’s price target would suggest a potential upside of 8.07% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a report on Monday, August 12th. Piper Sandler reduced their price target on shares of Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a report on Tuesday, June 11th. Barclays reduced their price target on shares of Mosaic from $39.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, August 16th. Wells Fargo & Company reduced their price target 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. Finally, UBS Group reduced their price target on shares of Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $33.33.

Mosaic Trading Up 0.4 %

MOS traded up $0.10 on Wednesday, reaching $25.91. 1,862,327 shares of the company traded hands, compared to its average volume of 4,389,354. Mosaic has a one year low of $24.11 and a one year high of $38.30. The firm has a fifty day simple moving average of $26.96 and a two-hundred day simple moving average of $28.81. The company has a market cap of $8.33 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 1.60 and a beta of 1.35. The company has a quick ratio of 0.54, a current ratio of 1.16 and a debt-to-equity ratio of 0.27.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.12). Mosaic had a net margin of 2.01% and a return on equity of 6.92%. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the business earned $1.04 EPS. The company’s quarterly revenue was down 17.0% compared to the same quarter last year. As a group, equities research analysts expect that Mosaic will post 2.26 earnings per share for the current year.

Insider Buying and Selling

In other Mosaic news, SVP Walter F. Precourt III sold 39,748 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $27.96, for a total transaction of $1,111,354.08. Following the sale, the senior vice president now owns 136,682 shares of the company’s stock, valued at approximately $3,821,628.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, SVP Walter F. Precourt III sold 39,748 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $27.96, for a total value of $1,111,354.08. Following the sale, the senior vice president now directly owns 136,682 shares of the company’s stock, valued at $3,821,628.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kelvin R. Westbrook sold 12,666 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $27.32, for a total transaction of $346,035.12. Following the completion of the sale, the director now directly owns 34,359 shares in the company, valued at $938,687.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by company insiders.

Institutional Trading of Mosaic

Large investors have recently made changes to their positions in the business. Highlander Capital Management LLC lifted its stake in shares of Mosaic by 515.4% in the 1st quarter. Highlander Capital Management LLC now owns 800 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 670 shares during the period. Mather Group LLC. acquired a new position in shares of Mosaic in the 1st quarter valued at $40,000. Blue Trust Inc. lifted its stake in shares of Mosaic by 40.0% in the 2nd quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 351 shares during the period. Fidelis Capital Partners LLC acquired a new position in Mosaic during the first quarter worth $50,000. Finally, ANTIPODES PARTNERS Ltd acquired a new position in Mosaic during the second quarter worth $46,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

About Mosaic

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.