Investment analysts at HSBC Holdings plc began coverage on shares of Mosaic Company (The) (NYSE:MOS) in a research note issued to investors on Wednesday, The Fly reports. The firm set a “buy” rating on the basic materials company’s stock.

MOS has been the topic of several other research reports. BidaskClub raised Mosaic Company (The) from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $25.00 target price (up previously from $23.00) on shares of Mosaic Company (The) in a research report on Friday, October 6th. Royal Bank Of Canada lowered their target price on Mosaic Company (The) from $26.00 to $25.00 and set a “sector perform” rating on the stock in a research report on Friday, July 14th. Piper Jaffray Companies set a $23.00 target price on Mosaic Company (The) and gave the company a “hold” rating in a research report on Friday, October 6th. Finally, Stifel Nicolaus set a $24.00 target price on Mosaic Company (The) and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $24.38.

Mosaic Company (NYSE:MOS) opened at 20.92 on Wednesday. Mosaic Company has a 12 month low of $19.23 and a 12 month high of $34.36. The firm has a 50-day moving average price of $20.62 and a 200 day moving average price of $23.23. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of 49.81 and a beta of 1.29.

Mosaic Company (The) (NYSE:MOS) last released its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.04. Mosaic Company (The) had a return on equity of 3.31% and a net margin of 2.07%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter last year, the business posted $0.06 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities analysts forecast that Mosaic Company will post $0.74 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/11/mosaic-company-the-mos-now-covered-by-hsbc-holdings-plc.html.

In other Mosaic Company (The) news, Director Robert L. Lumpkins purchased 7,000 shares of the stock in a transaction on Monday, August 21st. The shares were purchased at an average price of $19.94 per share, with a total value of $139,580.00. Following the completion of the transaction, the director now directly owns 9,339 shares in the company, valued at $186,219.66. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.38% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in MOS. BlackRock Inc. increased its position in Mosaic Company (The) by 2,930.1% during the first quarter. BlackRock Inc. now owns 24,977,023 shares of the basic materials company’s stock worth $728,828,000 after buying an additional 24,152,726 shares during the last quarter. Anne Ray Charitable Trust bought a new stake in shares of Mosaic Company (The) during the fourth quarter worth approximately $557,904,000. Margaret A. Cargill Foundation bought a new stake in shares of Mosaic Company (The) during the fourth quarter worth approximately $465,350,000. Vanguard Group Inc. boosted its holdings in shares of Mosaic Company (The) by 24.2% during the fourth quarter. Vanguard Group Inc. now owns 23,216,866 shares of the basic materials company’s stock worth $640,554,000 after acquiring an additional 4,530,002 shares during the period. Finally, FIL Ltd boosted its holdings in shares of Mosaic Company (The) by 566.8% during the fourth quarter. FIL Ltd now owns 5,319,693 shares of the basic materials company’s stock worth $146,770,000 after acquiring an additional 4,521,878 shares during the period. 77.00% of the stock is currently owned by hedge funds and other institutional investors.

Mosaic Company (The) Company Profile

The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.

The Fly

Analyst Recommendations for Mosaic Company (The) (NYSE:MOS)

Receive News & Ratings for Mosaic Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mosaic Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.