The Mosaic Company (NYSE:MOS) Receives an Average “Hold” Recommendation from Analysts
The Mosaic Company (NYSE: MOS – Get a rating) earned an average rating of “Hold” from the sixteen brokerages that currently cover the stock, Marketbeat reports. One financial analyst rated the stock with a sell recommendation, six issued a hold recommendation and eight issued a buy recommendation on the company. The 1-year average target price among brokerages that have covered the stock over the past year is $47.73.
A number of analysts have commented on the company. BMO Capital Markets upgraded Mosaic from a “market performer” rating to an “outperformer” rating and raised its price target for the stock from $37.00 to $50.00 in a research report from the Friday January 14. Morgan Stanley raised its price target on Mosaic from $37.00 to $40.00 and gave the company an “equal weight” rating in a Monday, Dec. 6 report. JPMorgan Chase & Co. raised its price target on Mosaic from $43.00 to $50.00 in a Friday, January 14 report. Stifel Nicolaus raised his price target on Mosaic from $49.00 to $55.00 and gave the company a “holding” rating in a Tuesday, March 1 report. Finally, Mizuho raised its price target on Mosaic from $55.00 to $59.00 and gave the company a “buy” rating in a Tuesday, February 15 report.
NYSE:MOS shares opened at $59.83 on Friday. The company has a 50-day moving average price of $43.68 and a 200-day moving average price of $38.89. Mosaic has a 12-month low of $28.05 and a 12-month high of $59.95. The company has a market capitalization of $22.67 billion, a price/earnings ratio of 13.98, a PEG ratio of 0.76 and a beta of 1.58. The company has a quick ratio of 0.54, a current ratio of 1.11 and a debt ratio of 0.31.
Mosaic (NYSE: MOS – Get a rating) last announced its 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 net margin of 13.19% and a return on equity of 18.45%. The company posted revenue of $3.84 billion for the quarter, versus a consensus estimate of $3.93 billion. In the same quarter of the previous year, the company achieved EPS of $0.57. Mosaic’s revenue for the quarter increased 56.3% compared to the same quarter last year. Analysts expect Mosaic to post an EPS of 9.82 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 17. Shareholders of record on Thursday, March 3 will receive a dividend of $0.112. The ex-dividend date is Wednesday, March 2. This is an increase from Mosaic’s previous quarterly dividend of $0.08. This represents an annualized dividend of $0.45 and a yield of 0.75%. Mosaic’s payout ratio is currently 10.51%.
Mosaic said its board launched a stock repurchase plan on Tuesday, Feb. 22 that authorizes the company to repurchase $1.00 billion of outstanding stock. This repurchase authorization authorizes the basic materials company to repurchase up to 6% of its shares through purchases on the open market. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.
In other Mosaic news, please Mark J. Isaacson sold 40,094 shares of the company in a transaction that took place on Tuesday, February 8. The shares were sold at an average price of $45.00, for a total transaction of $1,804,230.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. 0.57% of the shares are currently held by company insiders.
Institutional investors have recently changed their stake in the company. Whittier Trust Co. of Nevada Inc. increased its position in Mosaic shares by 380.4% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 663 shares of the basic materials company worth $26,000 after buying 525 additional shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in Mosaic by 910.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 677 shares of the basic materials company worth $27,000 after buying 610 more shares in the last quarter. Financial Management Professionals Inc. increased its stake in Mosaic by 110.6% in Q3. Financial Management Professionals Inc. now owns 792 shares of the basic materials company worth $28,000 after buying 416 additional shares in the last quarter. Confluence Wealth Services Inc. acquired a new stake in Mosaic in Q4 valued at approximately $31,000. Finally, Clearstead Advisors LLC increased its stake in Mosaic by 1,204.3% in the 3rd quarter. Clearstead Advisors LLC now owns 900 shares of the basic materials company worth $32,000 after buying 831 additional shares in the last quarter. 73.75% of the shares are currently held by hedge funds and other institutional investors.
About Mosaic (Get a rating)
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 news alert was powered by MarketBeat’s storytelling 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 “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here