Royal Bank Of Canada Trims Mosaic Company (The) (MOS) Target Price to $25.00

Mosaic Company (The) (NYSE:MOS) had its price target trimmed by Royal Bank Of Canada from $26.00 to $25.00 in a research report released on Friday, July 14th. The brokerage currently has a sector perform rating on the basic materials company’s stock.

Several other research firms also recently weighed in on MOS. Zacks Investment Research upgraded shares of Mosaic Company (The) from a hold rating to a buy rating and set a $33.00 target price for the company in a report on Tuesday, March 21st. BMO Capital Markets restated a hold rating and set a $26.00 target price on shares of Mosaic Company (The) in a report on Wednesday, April 5th. Citigroup Inc. lowered their price target on shares of Mosaic Company (The) from $34.00 to $31.00 and set a neutral rating for the company in a report on Tuesday, April 11th. Credit Suisse Group set a $20.00 price target on shares of Mosaic Company (The) and gave the stock a sell rating in a report on Saturday, April 15th. Finally, BidaskClub upgraded shares of Mosaic Company (The) from a strong sell rating to a sell rating in a report on Tuesday, June 13th. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. Mosaic Company (The) presently has an average rating of Hold and an average target price of $25.71.

Shares of Mosaic Company (NYSE MOS) traded up 1.21% during mid-day trading on Friday, reaching $24.17. 3,015,120 shares of the company traded hands. Mosaic Company has a 52 week low of $21.78 and a 52 week high of $34.36. The company has a market capitalization of $8.48 billion, a P/E ratio of 210.17 and a beta of 1.23. The stock’s 50-day moving average is $23.32 and its 200-day moving average is $27.05.

Mosaic Company (The) (NYSE:MOS) last posted its earnings results on Tuesday, May 2nd. The basic materials company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.15. Mosaic Company (The) had a net margin of 0.57% and a return on equity of 2.48%. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter last year, the business posted $0.14 earnings per share. The business’s revenue was down 5.7% compared to the same quarter last year. On average, equities analysts predict that Mosaic Company will post $1.07 EPS for the current fiscal year.

In other Mosaic Company (The) news, Director Nancy E. Cooper sold 1,100 shares of Mosaic Company (The) stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $23.39, for a total transaction of $25,729.00. Following the transaction, the director now directly owns 8,260 shares of the company’s stock, valued at $193,201.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Richard L. Mack purchased 7,500 shares of Mosaic Company (The) stock in a transaction on Thursday, May 4th. The shares were acquired at an average cost of $23.35 per share, for a total transaction of $175,125.00. Following the completion of the transaction, the chief financial officer now owns 136,101 shares of the company’s stock, valued at $3,177,958.35. The disclosure for this purchase can be found here. 0.38% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Mosaic Company (The) by 2,930.1% in the first quarter. BlackRock Inc. now owns 24,977,023 shares of the basic materials company’s stock worth $728,828,000 after buying an additional 24,152,726 shares during the period. FMR LLC boosted its position in shares of Mosaic Company (The) by 171.9% in the first quarter. FMR LLC now owns 5,108,486 shares of the basic materials company’s stock worth $149,066,000 after buying an additional 3,229,860 shares during the period. NN Investment Partners Holdings N.V. boosted its position in shares of Mosaic Company (The) by 146.0% in the second quarter. NN Investment Partners Holdings N.V. now owns 2,547,323 shares of the basic materials company’s stock worth $58,156,000 after buying an additional 1,511,638 shares during the period. MARSHALL WACE ASIA Ltd acquired a new position in shares of Mosaic Company (The) during the first quarter worth $36,300,000. Finally, Vanguard Group Inc. boosted its position in shares of Mosaic Company (The) by 3.6% in the first quarter. Vanguard Group Inc. now owns 35,460,881 shares of the basic materials company’s stock worth $1,034,747,000 after buying an additional 1,233,929 shares during the period. 82.11% of the stock is currently owned by hedge funds and other institutional investors.

About Mosaic Company (The)

The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.