Zacks Investment Research Upgrades Mosaic Company (The) (MOS) to Buy
Mosaic Company (The) (NYSE:MOS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The brokerage presently has a $26.00 price target on the basic materials company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 11.68% from the stock’s previous close.
According to Zacks, “Mosaic saw its profits surge year over year in the third quarter, driven by strong operational performance and healthy demand for its products. Both revenues and adjusted earnings topped the respective Zacks Consensus Estimate. Mosaic is well placed to gain from strong global demand for fertilizers. Moreover, the acquisition of Vale Fertilizantes will help the company to capitalize on the rapidly growing Brazilian agricultural market. The buyout is also expected to deliver significant synergies. Mosaic should also benefit from its cost reduction measures and its efforts to boost production capacity.”
MOS has been the topic of several other research reports. Royal Bank Of Canada reduced their price objective on shares of Mosaic Company (The) to C$23.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 3rd. Stifel Nicolaus reissued a “hold” rating and set a $24.00 price objective on shares of Mosaic Company (The) in a research note on Thursday, October 12th. BMO Capital Markets reissued a “market perform” rating and set a $25.00 price objective (up previously from $23.00) on shares of Mosaic Company (The) in a research note on Friday, October 6th. Scotiabank raised shares of Mosaic Company (The) from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, November 1st. Finally, Citigroup Inc. lifted their price objective on shares of Mosaic Company (The) from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $23.99.
Mosaic Company (MOS) traded up $0.44 during trading on Tuesday, reaching $23.28. 5,216,500 shares of the company traded hands, compared to its average volume of 4,476,515. Mosaic Company has a twelve month low of $19.23 and a twelve month high of $34.36. The company has a market cap of $8,080.00, a price-to-earnings ratio of 22.39, a price-to-earnings-growth ratio of 2.72 and a beta of 1.27. The company has a quick ratio of 0.90, a current ratio of 1.78 and a debt-to-equity ratio of 0.37.
Mosaic Company (The) (NYSE:MOS) last released its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.18. Mosaic Company (The) had a net margin of 4.68% and a return on equity of 3.61%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter last year, the firm earned $0.41 EPS. Mosaic Company (The)’s quarterly revenue was up 1.7% compared to the same quarter last year. research analysts anticipate that Mosaic Company will post 0.88 EPS for the current fiscal year.
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In other Mosaic Company (The) news, Director Robert L. Lumpkins acquired 7,000 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were acquired 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 approximately $186,219.66. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.38% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. YorkBridge Wealth Partners LLC lifted its position in shares of Mosaic Company (The) by 13,636.4% in the third quarter. YorkBridge Wealth Partners LLC now owns 6,044 shares of the basic materials company’s stock worth $130,000 after purchasing an additional 6,000 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Mosaic Company (The) by 8.7% during the second quarter. Pacer Advisors Inc. now owns 7,366 shares of the basic materials company’s stock worth $168,000 after buying an additional 587 shares during the last quarter. CrestPoint Capital Management LLC acquired a new position in Mosaic Company (The) during the second quarter worth $208,000. Greenwood Capital Associates LLC increased its holdings in Mosaic Company (The) by 30.5% during the second quarter. Greenwood Capital Associates LLC now owns 9,445 shares of the basic materials company’s stock worth $216,000 after buying an additional 2,210 shares during the last quarter. Finally, Westover Capital Advisors LLC acquired a new position in Mosaic Company (The) during the second quarter worth $218,000. 77.68% of the stock is currently owned by institutional investors and hedge funds.
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.
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