The Mosaic Company (NYSE:MOS) Receives Consensus Recommendation of "Moderate Buy" from Analysts - MarketBeat

2022-09-18 07:56:21 By : Ms. Linda Zheng

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The Mosaic Company (NYSE:MOS - Get Rating) has earned a consensus rating of "Moderate Buy" from the eighteen analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $64.88.

A number of analysts recently issued reports on MOS shares. Credit Suisse Group started coverage on Mosaic in a research report on Thursday, July 14th. They set an "outperform" rating and a $60.00 price objective for the company. Barclays reduced their price objective on Mosaic from $59.00 to $52.00 and set an "underweight" rating for the company in a research report on Wednesday, August 10th. Citigroup raised Mosaic from a "neutral" rating to a "buy" rating and set a $61.00 price target for the company in a research report on Wednesday, August 3rd. Finally, Piper Sandler boosted their price target on Mosaic from $80.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 31st.Mosaic Stock Performance

Shares of NYSE MOS opened at $61.77 on Friday. The company has a quick ratio of 0.65, a current ratio of 1.30 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $22.36 billion, a price-to-earnings ratio of 7.04, a PEG ratio of 0.64 and a beta of 1.62. The stock's fifty day simple moving average is $50.50 and its 200 day simple moving average is $56.98. Mosaic has a 52-week low of $30.58 and a 52-week high of $79.28.

Mosaic (NYSE:MOS - Get Rating) last issued its earnings results on Monday, August 1st. The basic materials company reported $3.64 EPS for the quarter, missing the consensus estimate of $3.94 by ($0.30). The business had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.62 billion. Mosaic had a return on equity of 30.83% and a net margin of 19.66%. The business's quarterly revenue was up 91.8% on a year-over-year basis. During the same period last year, the business earned $1.17 EPS. As a group, sell-side analysts forecast that Mosaic will post 13.62 earnings per share for the current fiscal year. Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Wednesday, August 31st. Mosaic's payout ratio is currently 6.84%.

Mosaic declared that its Board of Directors has approved a stock repurchase program on Monday, August 1st that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the basic materials company to repurchase up to 10.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued. Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MOS. Candriam Luxembourg S.C.A. raised its position in shares of Mosaic by 12.1% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 62,430 shares of the basic materials company's stock valued at $2,453,000 after acquiring an additional 6,720 shares during the last quarter. Kestra Advisory Services LLC raised its position in shares of Mosaic by 47.4% during the 1st quarter. Kestra Advisory Services LLC now owns 15,565 shares of the basic materials company's stock valued at $1,035,000 after acquiring an additional 5,003 shares during the last quarter. First Command Bank bought a new stake in shares of Mosaic during the 1st quarter valued at $36,000. Mutual of America Capital Management LLC raised its position in shares of Mosaic by 1.1% during the 1st quarter. Mutual of America Capital Management LLC now owns 49,433 shares of the basic materials company's stock valued at $3,287,000 after acquiring an additional 531 shares during the last quarter. Finally, Veriti Management LLC bought a new stake in shares of Mosaic during the 1st quarter valued at $359,000. Institutional investors and hedge funds own 82.54% of the company's stock. Mosaic Company Profile (Get Rating)

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 Mosaic Fertilizantes. 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, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.Further ReadingGet a free copy of the StockNews.com research report on Mosaic (MOS)Why This Dip in Advanced Auto Parts May be an OpportunityMarketBeat: Week in Review 8/22 - 8/26Institutional Buying Put A Bottom In Marvell Technology Dell Stock Retreats On Weaker Sales, Falls Into Value Terrirtory3 Reasons Dollar General’s Rally Has Legs

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