Mosaic (NYSE:MOS) Receives “Sector Perform” Rating from Royal Bank of Canada

Mosaic (NYSE:MOS)‘s stock had its “sector perform” rating restated by equities researchers at Royal Bank of Canada in a research note issued on Thursday,Benzinga reports. They currently have a $30.00 price target on the basic materials company’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 15.03% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Company dropped their price objective on Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, September 24th. Mizuho lifted their price target on shares of Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Barclays reduced their price objective on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $33.22.

Mosaic Trading Down 0.2 %

MOS stock traded down $0.04 during trading on Thursday, hitting $26.08. 529,475 shares of the company traded hands, compared to its average volume of 4,342,021. The company has a 50-day moving average of $26.37 and a 200-day moving average of $27.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.54 and a current ratio of 1.19. Mosaic has a 1 year low of $24.11 and a 1 year high of $38.30. The firm has a market capitalization of $8.31 billion, a PE ratio of 23.08, a P/E/G ratio of 1.62 and a beta of 1.35.

Mosaic (NYSE:MOS) last posted its quarterly earnings results 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). The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The company’s quarterly revenue was down 20.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 earnings per share. Analysts predict that Mosaic will post 2.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MOS. Sei Investments Co. lifted its stake in shares of Mosaic by 32.4% in the first quarter. Sei Investments Co. now owns 176,748 shares of the basic materials company’s stock worth $5,736,000 after buying an additional 43,216 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in Mosaic by 12.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 420,549 shares of the basic materials company’s stock valued at $13,651,000 after buying an additional 46,721 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Mosaic by 25.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 399,210 shares of the basic materials company’s stock valued at $12,958,000 after purchasing an additional 80,634 shares during the period. Kingsview Wealth Management LLC bought a new stake in shares of Mosaic during the 1st quarter valued at $1,776,000. Finally, Dorsey & Whitney Trust CO LLC purchased a new stake in Mosaic in the 1st quarter worth $363,000. 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.