Bank of America Boosts The Mosaic (NYSE:MOS) Price Target to $52.00

The Mosaic (NYSE:MOS) had its price target hoisted by Bank of America from $50.00 to $52.00 in a research report released on Tuesday morning, PriceTargets.com reports. They currently have a buy rating on the basic materials company’s stock.

Other research analysts also recently issued reports about the company. Scotiabank boosted their target price on The Mosaic from $28.00 to $33.00 and gave the stock a sector perform rating in a report on Monday, June 7th. Royal Bank of Canada boosted their target price on The Mosaic from $45.00 to $50.00 and gave the stock an outperform rating in a report on Wednesday, August 4th. Finally, HSBC raised The Mosaic from a hold rating to a buy rating and boosted their target price for the stock from $37.00 to $39.00 in a report on Friday, August 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Buy and an average price target of $35.56.

NYSE MOS opened at $32.04 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 0.38. The stock’s 50 day moving average is $31.37 and its two-hundred day moving average is $32.59. The company has a market capitalization of $12.17 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 0.93 and a beta of 1.87. The Mosaic has a 1-year low of $16.01 and a 1-year high of $38.23.

The Mosaic (NYSE:MOS) last released its quarterly earnings data on Sunday, August 1st. The basic materials company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.18. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.83 billion. The Mosaic had a return on equity of 10.02% and a net margin of 14.25%. The company’s quarterly revenue was up 37.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 earnings per share. On average, analysts predict that The Mosaic will post 4.87 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 16th. Shareholders of record on Thursday, September 2nd will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Wednesday, September 1st. The Mosaic’s payout ratio is 35.29%.

Institutional investors have recently modified their holdings of the business. Appaloosa LP bought a new stake in shares of The Mosaic during the 1st quarter valued at $33,981,000. Oregon Public Employees Retirement Fund raised its position in shares of The Mosaic by 33.8% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 238,787 shares of the basic materials company’s stock valued at $7,620,000 after acquiring an additional 60,341 shares during the last quarter. Sit Investment Associates Inc. raised its position in shares of The Mosaic by 1,652.8% during the 1st quarter. Sit Investment Associates Inc. now owns 195,000 shares of the basic materials company’s stock valued at $6,164,000 after acquiring an additional 183,875 shares during the last quarter. Swiss National Bank raised its position in shares of The Mosaic by 1.7% during the 1st quarter. Swiss National Bank now owns 1,384,329 shares of the basic materials company’s stock valued at $43,759,000 after acquiring an additional 23,000 shares during the last quarter. Finally, South State CORP. increased its position in shares of The Mosaic by 52.5% in the 1st quarter. South State CORP. now owns 138,331 shares of the basic materials company’s stock valued at $4,373,000 after buying an additional 47,617 shares in the last quarter. Institutional investors own 73.43% of the company’s stock.

The Mosaic Company Profile

The Mosaic Co engages in the production and marketing of concentrated phosphate and potash crop nutrients. The company operates its businesses through it’s wholly and majority owned subsidiaries. It operates through the following segments: Phosphates, Potash, and Mosaic Fertilizantes. The Phosphates segment owns and operates mines and production facilities in North America which produces concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and concentrated crop nutrients.

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