Mosaic (NYSE:MOS) PT raised to $49.00 at Citigroup
Mosaic (NYSE:MOS – Get Grade) saw its target price raised by Citigroup research analysts from $44.00 to $49.00 in a report on Thursday, reports The Fly. Citigroup’s target price would indicate a potential upside of 8.41% from the stock’s previous close.
Other research analysts have also recently released reports on the stock. StockNews.com upgraded Mosaic’s shares from a “hold” rating to a “buy” rating in a report released Wednesday. Berenberg Bank cut Mosaic’s shares from a “buy” rating to a “hold” rating and set a price target of $50.00 for the stock. in a report Thursday. Mizuho raised its price target on Mosaic shares from $55.00 to $59.00 and gave the stock a “buy” rating in a report on Tuesday, February 15. BMO Capital Markets upgraded Mosaic shares from a “market performance” rating to an “outperform” rating and raised its price target for the stock from $37.00 to $50.00 in a report Friday, January 14. Finally, JPMorgan Chase & Co. raised its price target on Mosaic shares from $43.00 to $50.00 in a Friday, January 14 research report. One research analyst rated the stock with a sell rating, five gave the stock a hold rating and nine gave the stock a buy rating. According to MarketBeat, Mosaic has an average rating of “Buy” and an average target price of $45.67.
NYSE MOS shares opened at $45.20 on Thursday. The stock has a market capitalization of $17.13 billion, a P/E ratio of 9.64, a P/E/G ratio of 0.75 and a beta of 1.71. The company has a 50-day moving average price of $41.56 and a 200-day moving average price of $37.94. Mosaic has a 1-year minimum of $28.05 and a 1-year maximum of $47.55. The company has a debt ratio of 0.37, a current ratio of 1.32 and a quick ratio of 0.67.
Mosaic (NYSE:MOS – Get Rating) last released its quarterly results on Tuesday, February 22. The basic materials company reported earnings per share of $1.95 for the quarter, missing the consensus estimate of $1.98 per ($0.03). Mosaic had a return on equity of 13.78% and a net margin of 16.34%. The company posted revenue of $3.84 billion for the quarter, versus $3.93 billion expected by analysts. In the same quarter last year, the company posted earnings per share of $0.57. The company’s revenue for the quarter increased by 56.3% compared to the same quarter last year. As a group, equity research analysts expect Mosaic to post earnings per share of 5.03 for the current fiscal year.
Mosaic announced that its board of directors launched a stock repurchase plan on Tuesday, Feb. 22 that sees the company repurchase $1.00 billion in outstanding stock. This repurchase authorization allows the basic materials company to acquire up to 6% of its shares through purchases on the open market. Stock buyback plans are usually an indication that the company’s management believes its stock is undervalued.
Separately, SVP Mark J. Isaacson sold 40,094 shares of the company in a trade that took place on Tuesday, February 8. The shares were sold at an average price of $45.00, for a total value of $1,804,230.00. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. Insiders own 0.57% of the shares of the company.
A number of institutional investors have recently bought and sold shares of MOS. Nordea Investment Management AB increased its stake in Mosaic by 103.8% during the third quarter. Nordea Investment Management AB now owns 7,424,382 shares of the basic materials company worth $269,060,000 after acquiring an additional 3,780,906 shares during the period. Amundi took a new stake in Mosaic during the second quarter for a value of approximately $86,585,000. Renaissance Technologies LLC acquired a new stake in Mosaic during the 4th quarter for a value of approximately $86,540,000. Wafra Inc. acquired a new stake in Mosaic during the 4th quarter for a value of approximately $71,878,000. Finally, LSV Asset Management increased its stake in Mosaic by 514.5% during the 3rd quarter. LSV Asset Management now owns 2,132,155 shares of the basic materials company worth $76,160,000 after acquiring an additional 1,785,155 shares during the period. 73.75% of the shares are currently held by institutional investors and hedge funds.
Mosaic Company Profile (Get an evaluation)
The Mosaic Co is engaged in the production and marketing of concentrated phosphate and potash nutrients. The Company operates through its 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 that produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, as well as concentrated crop nutrients.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Mosaic right now?
Before you consider Mosaic, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Mosaic wasn’t on the list.
Although Mosaic currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here