Stephens Initiates Coverage on Mosaic (MOS)

Equities research analysts at Stephens initiated coverage on shares of Mosaic (NYSE:MOS) in a research note issued to investors on Friday, MarketBeat.com reports. The firm set an “overweight” rating on the basic materials company’s stock.

MOS has been the subject of several other reports. Piper Jaffray Companies set a $23.00 price target on shares of Mosaic and gave the stock a “hold” rating in a report on Friday, October 6th. Zacks Investment Research downgraded shares of Mosaic from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Scotiabank upgraded shares of Mosaic from an “underperform” rating to a “sector perform” rating in a report on Wednesday, November 1st. BMO Capital Markets upped their price target on shares of Mosaic from $23.00 to $24.00 and gave the stock a “market perform” rating in a report on Wednesday, November 1st. Finally, assumed coverage on shares of Mosaic in a report on Wednesday, October 11th. They set a “buy” rating and a $24.80 price target for the company. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $24.98.

Mosaic (NYSE MOS) opened at $26.04 on Friday. The stock has a market cap of $9,140.00, a price-to-earnings ratio of 27.41, a PEG ratio of 2.14 and a beta of 1.29. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.90 and a current ratio of 1.78. Mosaic has a 1-year low of $19.23 and a 1-year high of $34.36.

Institutional investors have recently modified their holdings of the stock. State Street Corp grew its stake in shares of Mosaic by 2.0% in the second quarter. State Street Corp now owns 19,950,012 shares of the basic materials company’s stock worth $455,461,000 after purchasing an additional 397,403 shares during the last quarter. Janus Henderson Group PLC boosted its position in Mosaic by 16.3% during the third quarter. Janus Henderson Group PLC now owns 362,064 shares of the basic materials company’s stock valued at $7,817,000 after acquiring an additional 50,776 shares during the last quarter. Copper Rock Capital Partners LLC bought a new stake in Mosaic during the fourth quarter valued at $10,100,000. Westpac Banking Corp boosted its position in Mosaic by 32.6% during the fourth quarter. Westpac Banking Corp now owns 107,355 shares of the basic materials company’s stock valued at $2,755,000 after acquiring an additional 26,390 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new stake in Mosaic during the third quarter valued at $595,000. 77.00% of the stock is currently owned by institutional investors.

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About Mosaic

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.

Analyst Recommendations for Mosaic (NYSE:MOS)

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