Cfra Reaffirms “Buy” Rating for Mosaic (NYSE:MOS)

Cfra restated their buy rating on shares of Mosaic (NYSE:MOS) in a report published on Monday morning, AnalystRatings.com reports. The firm currently has a $27.00 target price on the basic materials company’s stock.

“We see revenues falling 1.9% in 2019 and rising 5.08% in 2020 versus a 29.4% jump in 2018. We see higher prices and volumes for potash in 2019, but see sales challenges from the failed tailings dam in Fertilizantes and poor weather delaying or canceling some North American phosphate applications. Prices should be helped by a more favorable supply and demand environment for MOS’s products in 2020 and we see higher volumes as well.”,” Cfra’s analyst commented.

Several other research analysts have also recently issued reports on MOS. Royal Bank of Canada dropped their target price on shares of Mosaic from $35.00 to $32.00 and set an outperform rating on the stock in a report on Wednesday, August 7th. Zacks Investment Research cut shares of Mosaic from a hold rating to a strong sell rating in a report on Monday, May 20th. Cowen dropped their target price on shares of Mosaic from $30.00 to $25.00 and set an outperform rating on the stock in a report on Wednesday, August 28th. BMO Capital Markets set a $27.00 target price on shares of Mosaic and gave the stock a hold rating in a report on Wednesday, August 7th. Finally, Citigroup upgraded shares of Mosaic from a neutral rating to a buy rating and increased their target price for the stock from $26.00 to $31.00 in a report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $30.81.

Mosaic stock traded down $0.02 during midday trading on Monday, hitting $21.97. 324,852 shares of the company’s stock were exchanged, compared to its average volume of 4,686,438. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.60 and a current ratio of 1.67. Mosaic has a 12 month low of $17.36 and a 12 month high of $37.37. The firm has a 50-day moving average of $20.92 and a two-hundred day moving average of $24.31. The company has a market cap of $8.44 billion, a PE ratio of 10.38, a P/E/G ratio of 2.44 and a beta of 1.64.

Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, August 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.18). Mosaic had a return on equity of 6.87% and a net margin of 2.70%. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the previous year, the company earned $0.40 earnings per share. The firm’s revenue was down 1.3% on a year-over-year basis. As a group, equities analysts expect that Mosaic will post 1.18 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Wednesday, September 4th. Mosaic’s payout ratio is 9.43%.

In other news, Director Cheryl K. Beebe purchased 12,998 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was acquired at an average cost of $19.21 per share, with a total value of $249,691.58. Following the completion of the transaction, the director now owns 23,704 shares in the company, valued at approximately $455,353.84. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.51% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in MOS. Nuveen Asset Management LLC lifted its position in shares of Mosaic by 73,897.0% during the second quarter. Nuveen Asset Management LLC now owns 6,286,041 shares of the basic materials company’s stock valued at $157,339,000 after buying an additional 6,277,546 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Mosaic by 2,241.2% during the second quarter. Marshall Wace LLP now owns 886,438 shares of the basic materials company’s stock valued at $22,188,000 after buying an additional 848,576 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Mosaic by 25.3% during the second quarter. Janus Henderson Group PLC now owns 4,062,787 shares of the basic materials company’s stock valued at $101,696,000 after buying an additional 819,204 shares during the last quarter. State of Tennessee Treasury Department lifted its position in shares of Mosaic by 67.5% during the first quarter. State of Tennessee Treasury Department now owns 1,757,332 shares of the basic materials company’s stock valued at $47,993,000 after buying an additional 707,945 shares during the last quarter. Finally, Balyasny Asset Management LLC lifted its position in shares of Mosaic by 867.0% during the second quarter. Balyasny Asset Management LLC now owns 731,464 shares of the basic materials company’s stock valued at $18,309,000 after buying an additional 655,825 shares during the last quarter. 74.96% of the stock is owned by institutional investors and hedge funds.

Mosaic Company Profile

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 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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