Scotiabank slashes price target on Mosaic Company [MOS] – find out why.

Mosaic Company [NYSE: MOS] closed the trading session at $31.22. The company report on February 21, 2024 at 5:15 PM that Mosaic Announces Fourth Quarter and Full Year 2023 Results.

The Mosaic Company (NYSE:MOS) released its financial results for fourth quarter and full year 2023. The company’s earnings release and supplemental materials are available at https:

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Mosaic will present a fireside chat addressing investor questions during a conference call on Thursday, February 22 at 11:00 a.m. Eastern Time, accessible both through Mosaic’s website at https://investors.mosaicco.com, and the dial in numbers below. The webcast will be available up to at least one year from today’s date.

The stocks have a year to date performance of -12.62 percent and weekly performance of 2.83 percent. The stock has been moved at -19.93 percent over the last six months. The stock has performed -3.13 percent around the most recent 30 days and changed -14.25 percent over the most recent 3-months.

If compared to the average trading volume of 4.70M shares, MOS reached to a volume of 4619556 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Mosaic Company [MOS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MOS shares is $38.61 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MOS stock is a recommendation set at 2.62. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Scotiabank have made an estimate for Mosaic Company shares, keeping their opinion on the stock as Sector Outperform, with their previous recommendation back on February 22, 2024. While these analysts kept the previous recommendation, Mizuho dropped their target price from $42 to $34. The new note on the price target was released on January 24, 2024, representing the official price target for Mosaic Company stock. Previously, the target price had yet another raise from $40 to $42, while Barclays kept a Overweight rating on MOS stock.

The Average True Range (ATR) for Mosaic Company is set at 0.91, with the Price to Sales ratio for MOS stock in the period of the last 12 months amounting to 0.73. The Price to Book ratio for the last quarter was 0.82, with the Price to Cash per share for the same quarter was set at 1.11. Price to Free Cash Flow for MOS in the course of the last twelve months was 10.00 with Quick ratio for the last quarter at 0.57.

MOS stock trade performance evaluation

Mosaic Company [MOS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.83. With this latest performance, MOS shares dropped by -3.13% in over the last four-week period, additionally sinking by -19.93% over the last 6 months – not to mention a drop of -39.07% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MOS stock in for the last two-week period is set at 48.69, with the RSI for the last a single of trading hit 52.49, and the three-weeks RSI is set at 46.23 for Mosaic Company [MOS]. The present Moving Average for the last 50 days of trading for this stock 32.98, while it was recorded at 31.36 for the last single week of trading, and 35.54 for the last 200 days.

Mosaic Company [MOS]: An insightful look at the core fundamentals

Mosaic Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.57 and a Current Ratio set at 1.22.

Earnings per share (EPS) analysis for Mosaic Company [MOS] stock

With the latest financial reports released by the company, Mosaic Company posted 1.14/share EPS, while the average EPS was predicted by analysts to be reported at 1.29/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -11.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MOS.

Mosaic Company [MOS]: Institutional Ownership

The top three institutional holders of MOS stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in MOS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in MOS stock with ownership which is approximately 5.8325%.