Stephens Reiterates $45.00 Price Target for Mosaic (MOS)

Stephens set a $45.00 price objective on Mosaic (NYSE:MOS) in a research note released on Wednesday, The Fly reports. The brokerage currently has a buy rating on the basic materials company’s stock.

A number of other research firms have also commented on MOS. Citigroup raised Mosaic from a neutral rating to a buy rating and increased their price target for the company from $36.00 to $40.00 in a research report on Wednesday, October 10th. Morgan Stanley raised their target price on Mosaic from $33.00 to $36.00 and gave the company a hold rating in a research report on Thursday, October 18th. Royal Bank of Canada raised their target price on Mosaic from $36.00 to $40.00 and gave the company a buy rating in a research report on Monday, October 1st. They noted that the move was a valuation call. BMO Capital Markets reaffirmed a hold rating and set a $30.00 target price (up from $28.00) on shares of Mosaic in a research report on Tuesday, August 7th. Finally, Credit Suisse Group raised their target price on Mosaic from $25.00 to $26.00 and gave the company an underperform rating in a research report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $35.43.

NYSE MOS traded down $0.36 on Wednesday, reaching $36.63. The company had a trading volume of 5,791,650 shares, compared to its average volume of 4,716,814. The firm has a market capitalization of $14.11 billion, a P/E ratio of 33.61, a PEG ratio of 2.81 and a beta of 1.42. Mosaic has a 52-week low of $22.33 and a 52-week high of $37.37. The company has a current ratio of 1.67, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Monday, November 5th. The basic materials company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.11. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.95 billion. Mosaic had a positive return on equity of 6.17% and a negative net margin of 0.80%. Mosaic’s quarterly revenue was up 47.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 EPS. As a group, sell-side analysts predict that Mosaic will post 1.88 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Thursday, December 6th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Wednesday, December 5th. Mosaic’s dividend payout ratio is presently 9.17%.

In other Mosaic news, Director Luciano Siani Pires bought 2,000 shares of the firm’s stock in a transaction dated Thursday, August 16th. The stock was purchased at an average cost of $29.68 per share, with a total value of $59,360.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $59,360. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.45% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. State Treasurer State of Michigan increased its holdings in Mosaic by 1.7% in the 3rd quarter. State Treasurer State of Michigan now owns 105,682 shares of the basic materials company’s stock worth $3,433,000 after acquiring an additional 1,800 shares during the last quarter. Whittier Trust Co. increased its holdings in Mosaic by 123.2% in the 2nd quarter. Whittier Trust Co. now owns 3,370 shares of the basic materials company’s stock worth $167,000 after acquiring an additional 1,860 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in Mosaic by 7.0% in the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 29,252 shares of the basic materials company’s stock worth $821,000 after acquiring an additional 1,909 shares during the last quarter. Gabelli Funds LLC increased its holdings in Mosaic by 2.0% in the 3rd quarter. Gabelli Funds LLC now owns 104,000 shares of the basic materials company’s stock worth $3,378,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Norinchukin Bank The increased its holdings in Mosaic by 5.3% in the 3rd quarter. Norinchukin Bank The now owns 45,610 shares of the basic materials company’s stock worth $1,481,000 after acquiring an additional 2,292 shares during the last quarter. 74.86% of the stock is owned by hedge funds and other institutional investors.

Mosaic Company Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. The company operates through three segments: Phosphates, Potash, and International Distribution. 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.

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