Mosaic (MOS) Given a $45.00 Price Target at Royal Bank of Canada

Royal Bank of Canada set a $45.00 price objective on Mosaic (NYSE:MOS) in a research report sent to investors on Wednesday. The firm currently has a buy rating on the basic materials company’s stock.

Several other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Mosaic from a buy rating to a hold rating in a research report on Friday, September 7th. Susquehanna Bancshares lifted their target price on shares of Mosaic from $33.00 to $40.00 and gave the company a positive rating in a research report on Monday, August 27th. Citigroup upgraded shares of Mosaic from a neutral rating to a buy rating and lifted their target price for the company from $36.00 to $40.00 in a research report on Wednesday, October 10th. Morgan Stanley lifted their target price on shares of Mosaic from $33.00 to $36.00 and gave the company a hold rating in a research report on Thursday, October 18th. Finally, ValuEngine upgraded shares of Mosaic from a hold rating to a buy rating in a research report on Wednesday, September 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. Mosaic currently has a consensus rating of Buy and a consensus price target of $35.43.

Shares of Mosaic stock opened at $36.63 on Wednesday. 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 has a twelve month low of $22.33 and a twelve month high of $37.37. The stock has a market cap of $14.26 billion, a PE ratio of 33.61, a price-to-earnings-growth ratio of 2.81 and a beta of 1.42.

Mosaic (NYSE:MOS) last issued its earnings results on Monday, November 5th. The basic materials company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.11. Mosaic had a negative net margin of 0.80% and a positive return on equity of 6.17%. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period in the previous year, the business earned $0.43 EPS. The firm’s revenue was up 47.5% on a year-over-year basis. Research analysts forecast that Mosaic will post 1.88 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, December 6th will be given a $0.025 dividend. The ex-dividend date of this dividend is Wednesday, December 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.27%. Mosaic’s dividend payout ratio (DPR) is presently 9.17%.

In other news, Director Luciano Siani Pires purchased 2,000 shares of Mosaic stock in a transaction on Thursday, August 16th. The shares were purchased at an average cost of $29.68 per share, for a total transaction of $59,360.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at $59,360. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.45% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. boosted its position in Mosaic by 4.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,334,992 shares of the basic materials company’s stock valued at $65,497,000 after buying an additional 104,543 shares in the last quarter. BRYN MAWR TRUST Co boosted its position in Mosaic by 16.9% in the second quarter. BRYN MAWR TRUST Co now owns 271,689 shares of the basic materials company’s stock valued at $7,621,000 after buying an additional 39,361 shares in the last quarter. Cape Cod Five Cents Savings Bank acquired a new position in Mosaic in the third quarter valued at about $211,000. Gideon Capital Advisors Inc. acquired a new position in shares of Mosaic during the second quarter worth approximately $234,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Mosaic by 21.3% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,143,463 shares of the basic materials company’s stock worth $32,074,000 after purchasing an additional 200,899 shares in the last quarter. Hedge funds and other institutional investors own 74.86% of the company’s stock.

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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Analyst Recommendations for Mosaic (NYSE:MOS)

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