Much like Agrium (AGU), The Mosaic Company (MOS) had a disappointing 1Q17. Mosaic reported flat or no earnings per share (or EPS), missing analysts’ consensus estimate of $0.17. As a result, the stock took a beating.
Mosaic closed at $24.95, a fall of 7.2% compared to the previous day’s close, following its dismal earnings results. The company’s EPS have fallen steeply from $0.73. This deterioration in its earnings has stemmed in part from weak realized prices (SOIL), among other events. To learn more, read Why Mosaic’s Earnings Fell in 1Q17.
Let’s take a look at the changes in analysts’ recommendations and price targets for Mosaic.
One analyst has a “strong buy” recommendation, and one has a “buy” recommendation on Mosaic stock. While analysts’ recommendations, much like for Agrium and PotashCorp (POT), have remained unchanged following MOS’s 1Q17 earnings, the number of analysts recommending “holds” has risen by one to 12, and the number of analysts recommending “sells” has fallen by one to five.
On May 10, 2017, analysts’ consensus next-12-month price target was revised downward month-over-month to $27 from $29. With MOS closing at $23.5, analysts’ revised price target reflects a 15.3% potential upside for the stock over the next 12 months.
Next, let’s discuss CF Industries (CF).