Mosaic (NYSE:MOS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The brokerage currently has a $36.00 price objective on the basic materials company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 14.65% from the stock’s previous close.
According to Zacks, “Mosaic has outperformed the industry it belongs to over a year. The company is well placed to gain from rising global demand for fertilizers. The Vale Fertilizantes acquisition is also expected to deliver significant synergies. Moreover, Mosaic is expected to benefit from cost-reduction action and capacity expansion. The company is also committed to returning capital to shareholders.”
Get Mosaic alerts:MOS has been the topic of several other reports. Morgan Stanley upped their price target on shares of Mosaic from $33.00 to $36.00 and gave the company a “hold” rating in a report on Thursday, October 18th. ValuEngine cut shares of Mosaic from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. Citigroup raised shares of Mosaic from a “neutral” rating to a “buy” rating and increased their target price for the stock from $36.00 to $40.00 in a report on Wednesday, October 10th. JPMorgan Chase & Co. cut shares of Mosaic from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $38.00 to $33.00 in a report on Wednesday, December 12th. Finally, Credit Suisse Group set a $30.00 target price on shares of Mosaic and gave the stock a “sell” rating in a report on Wednesday, November 7th. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $35.93.
MOS opened at $31.40 on Wednesday. The firm has a market capitalization of $12.41 billion, a P/E ratio of 28.81, a P/E/G ratio of 1.94 and a beta of 1.53. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.67. Mosaic has a 12-month low of $22.90 and a 12-month high of $37.37.
Mosaic (NYSE:MOS) last posted its quarterly earnings results on Monday, November 5th. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.11. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.95 billion. Mosaic had a negative net margin of 0.80% and a positive return on equity of 6.17%. The firm’s quarterly revenue was up 47.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. As a group, equities research analysts anticipate that Mosaic will post 1.92 EPS for the current fiscal year.
Several large investors have recently modified their holdings of the business. Boston Partners increased its holdings in shares of Mosaic by 51.1% in the 4th quarter. Boston Partners now owns 14,243,641 shares of the basic materials company’s stock worth $416,057,000 after acquiring an additional 4,814,199 shares during the period. Oregon Public Employees Retirement Fund grew its position in Mosaic by 3,480.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,688,263 shares of the basic materials company’s stock valued at $161,000 after buying an additional 4,557,338 shares in the last quarter. FMR LLC grew its position in Mosaic by 52.6% in the 2nd quarter. FMR LLC now owns 11,831,390 shares of the basic materials company’s stock valued at $331,871,000 after buying an additional 4,080,426 shares in the last quarter. Prudential Financial Inc. grew its position in Mosaic by 431.8% in the 4th quarter. Prudential Financial Inc. now owns 2,993,342 shares of the basic materials company’s stock valued at $87,435,000 after buying an additional 2,430,496 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Mosaic by 49.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,254,320 shares of the basic materials company’s stock valued at $235,621,000 after buying an additional 2,385,147 shares in the last quarter. 75.26% of the stock is currently owned by institutional investors.
About Mosaic
The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. The company operates through three segments: Phosphates, Potash, and International Distribution. 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.
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