Zacks Investment Research Upgrades Mosaic (MOS) to Strong-Buy

Mosaic (NYSE:MOS) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday. The brokerage presently has a $30.00 price objective on the basic materials company’s stock. Zacks Investment Research‘s target price indicates a potential upside of 13.08% from the company’s previous close.

According to Zacks, “Earnings estimates for Mosaic for the fourth quarter have been going up of late. The company is well placed to gain from rising 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.”

A number of other equities analysts have also commented on the company. Cowen reiterated a “hold” rating and issued a $25.00 price objective on shares of Mosaic in a research note on Friday, January 12th. Royal Bank of Canada lifted their price objective on Mosaic from $24.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Friday, January 12th. JPMorgan Chase & Co. began coverage on Mosaic in a research note on Friday, January 12th. They issued a “neutral” rating and a $26.00 price objective on the stock. Citigroup boosted their price target on Mosaic from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, November 2nd. Finally, BMO Capital Markets boosted their price target on Mosaic from $23.00 to $24.00 and gave the company a “market perform” rating in a research note on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $24.98.

Mosaic (NYSE MOS) traded up $0.31 during trading on Monday, hitting $26.53. The stock had a trading volume of 4,391,500 shares, compared to its average volume of 4,755,877. The company has a quick ratio of 0.90, a current ratio of 1.78 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $9,330.00, a price-to-earnings ratio of 27.93, a PEG ratio of 2.12 and a beta of 1.31. Mosaic has a twelve month low of $19.23 and a twelve month high of $34.36.

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 analysts’ consensus estimates of $0.25 by $0.18. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.93 billion. Mosaic had a return on equity of 3.61% and a net margin of 4.68%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. analysts predict that Mosaic will post 1.01 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. YorkBridge Wealth Partners LLC boosted its holdings in Mosaic by 13,636.4% during the third quarter. YorkBridge Wealth Partners LLC now owns 6,044 shares of the basic materials company’s stock valued at $130,000 after purchasing an additional 6,000 shares in the last quarter. Westover Capital Advisors LLC acquired a new stake in Mosaic during the second quarter valued at approximately $218,000. Koch Industries Inc. acquired a new stake in Mosaic during the second quarter valued at approximately $225,000. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in Mosaic during the third quarter valued at approximately $243,000. Finally, TLP Group LLC acquired a new stake in Mosaic during the second quarter valued at approximately $257,000. Hedge funds and other institutional investors own 76.82% 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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