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

Mosaic (NYSE:MOS) had its target price reduced by investment analysts at Mizuho from $31.00 to $28.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the basic materials company’s stock. Mizuho’s target price suggests a potential upside of 16.45% from the company’s previous close.

Other equities research analysts have also issued reports about the company. The Goldman Sachs Group dropped their price target on Mosaic from $37.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Mosaic in a report on Monday. Royal Bank Of Canada set a $27.00 price objective on shares of Mosaic in a report on Wednesday, December 10th. HSBC lowered their price objective on shares of Mosaic from $35.00 to $26.00 and set a “hold” rating on the stock in a research note on Monday, November 24th. Finally, BNP Paribas Exane dropped their target price on shares of Mosaic from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $31.73.

Mosaic Price Performance

Shares of Mosaic stock opened at $24.05 on Thursday. The business’s fifty day moving average price is $26.44 and its 200 day moving average price is $31.86. Mosaic has a twelve month low of $22.36 and a twelve month high of $38.23. The company has a current ratio of 1.14, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $7.63 billion, a P/E ratio of 6.23, a PEG ratio of 0.57 and a beta of 0.94.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. The firm had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.87 billion. Mosaic had a net margin of 10.33% and a return on equity of 6.46%. The firm’s revenue was up 22.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.34 EPS. As a group, research analysts anticipate that Mosaic will post 2.04 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Scotia Capital Inc. lifted its holdings in Mosaic by 395.1% during the 2nd quarter. Scotia Capital Inc. now owns 87,556 shares of the basic materials company’s stock valued at $3,194,000 after purchasing an additional 69,873 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in Mosaic by 65.7% during the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 157,267 shares of the basic materials company’s stock worth $5,682,000 after buying an additional 62,338 shares in the last quarter. US Bancorp DE lifted its position in Mosaic by 204.1% during the 2nd quarter. US Bancorp DE now owns 43,080 shares of the basic materials company’s stock worth $1,572,000 after buying an additional 28,912 shares in the last quarter. Vinva Investment Management Ltd bought a new position in shares of Mosaic in the second quarter worth about $621,000. Finally, Pinkerton Wealth LLC acquired a new position in shares of Mosaic during the second quarter worth approximately $2,044,000. Institutional investors own 77.54% of the company’s stock.

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.