Mosaic (MOS) Research Coverage Started at JPMorgan Chase & Co.
JPMorgan Chase & Co. initiated coverage on shares of Mosaic (NYSE:MOS) in a research note issued to investors on Friday. The firm set a “neutral” rating and a $26.00 price target on the basic materials company’s stock. JPMorgan Chase & Co.’s price target would suggest a potential downside of 4.48% from the stock’s current price.
Several other research firms have also commented on MOS. Cowen boosted their price objective on Mosaic from $21.00 to $24.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 22nd. Zacks Investment Research upgraded Mosaic from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Tuesday, November 14th. Citigroup boosted their price objective on Mosaic from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. BMO Capital Markets boosted their target price on Mosaic from $23.00 to $24.00 and gave the stock a “market perform” rating in a report on Wednesday, November 1st. Finally, Cleveland Research upgraded Mosaic from a “neutral” rating to a “buy” rating in a report on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $24.68.
Shares of Mosaic (NYSE MOS) opened at $27.22 on Friday. Mosaic has a 52 week low of $19.23 and a 52 week high of $34.36. The company has a current ratio of 1.78, a quick ratio of 0.90 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $9,555.55, a P/E ratio of 26.69, a price-to-earnings-growth ratio of 2.69 and a beta of 1.31.
Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.18. Mosaic had a return on equity of 3.61% and a net margin of 4.68%. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period in the previous year, the business earned $0.41 EPS. Mosaic’s quarterly revenue was up 1.7% on a year-over-year basis. equities analysts anticipate that Mosaic will post 1.01 earnings per share for the current year.
Institutional investors have recently modified their holdings of the company. YorkBridge Wealth Partners LLC lifted its holdings in Mosaic by 13,636.4% in the third quarter. YorkBridge Wealth Partners LLC now owns 6,044 shares of the basic materials company’s stock valued at $130,000 after acquiring an additional 6,000 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Mosaic by 8.7% in the second quarter. Pacer Advisors Inc. now owns 7,366 shares of the basic materials company’s stock valued at $168,000 after acquiring an additional 587 shares during the last quarter. Westover Capital Advisors LLC acquired a new position in Mosaic in the second quarter valued at approximately $218,000. Captrust Financial Advisors acquired a new position in Mosaic in the second quarter valued at approximately $238,000. Finally, DORCHESTER WEALTH MANAGEMENT Co acquired a new position in Mosaic in the third quarter valued at approximately $243,000. Institutional investors and hedge funds own 76.77% of the company’s stock.
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Mosaic 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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