UBS Cuts Price Target on The Mosaic Company (MOS) to $30

November 2, 2016 9:39 AM EDT
Get Alerts MOS Hot Sheet
Price: $30.23 --0%

Rating Summary:
    7 Buy, 16 Hold, 9 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 20 | Down: 15 | New: 18
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UBS maintained a Buy rating on The Mosaic Company (NYSE: MOS), and cut the price target to $30.00 (from $31.00), following the company's 3Q earnings report.

Analyst John Roberts commented, "The upside in 3Q reflected in-line phosphate & potash gross profits, a big beat in international distribution (e.g., Brazil) and lower SG&A and tax expenses. Gross profit of $221M exceeded UBSe of $175M, with most of the upside from Distribution (+$32M). Adjusted EPS is reported EPS of $0.11 plus adding back $0.30 of charges and excluding $0.08 of tax benefit. No changes to 2017-18 estimates. The guidance for 4Q implies continued upside in international distribution, lower SG&A, & sequentially stable phosphate & potash gross profits."

For an analyst ratings summary and ratings history on Mosaic click here. For more ratings news on Mosaic click here.

Shares of Mosaic closed at $24.32 yesterday.



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