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UPDATE: Topeka Capital Markets Reiterates Hold Rating, Lowers PT on The Mosaic Company

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Mosaic Fertilizer, LLC Reaches Regulatory Settlement In Florida And Louisiana

In a report published Wednesday, Topeka Capital Markets reiterated its Hold rating on The Mosaic Company (NYSE: MOS), but lowered its price target from $53.00 to $51.00.

Topeka Capital noted, “On October 2, Mosaic reported F1Q13 EPS of $1.01 ($1.03 adj.), versus a Street consensus of $1.16 and our estimate of $1.20. Revenues were lower than expected, as potash volumes and gross profits were also lower than expected. The Company faced multiple headwinds in the quarter, including logistical difficulties in North and South America, as well as the lack of resolution around the China and India contracts. We are lowering our estimates and reducing our price target from $53 to $51, while maintaining our Hold rating.”

The Mosaic Company closed on Tuesday at $55.76.

Latest Ratings for MOS

Oct 2015BernsteinUpgradesMarket PerformOutperform
Oct 2015BarclaysMaintainsEqual-weight
Aug 2015SusquehannaMaintainsPositive

View More Analyst Ratings for MOS
View the Latest Analyst Ratings

Posted-In: Topeka Capital MarketsAnalyst Color Price Target Analyst Ratings


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