Mosaic (NYSE:MOS) was upgraded by stock analysts at Bank of America from a “neutral” rating to a “buy” rating in a report released on Monday, MarketBeat reports. The brokerage currently has a $15.00 price objective on the basic materials company’s stock, up from their previous price objective of $12.00. Bank of America‘s target price would suggest a potential upside of 18.58% from the company’s previous close.
Other equities analysts have also recently issued reports about the company. Morgan Stanley reduced their target price on Mosaic from $23.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Monday, March 30th. BMO Capital Markets boosted their target price on Mosaic from $12.00 to $13.00 and gave the company a “market perform” rating in a research note on Wednesday, May 6th. Susquehanna Bancshares reduced their price target on Mosaic from $22.00 to $15.00 and set a “positive” rating on the stock in a research note on Thursday, April 9th. ValuEngine raised Mosaic from a “hold” rating to a “buy” rating in a research note on Friday, May 1st. Finally, UBS Group reaffirmed a “buy” rating and issued a $17.00 price target on shares of Mosaic in a research note on Tuesday, May 5th. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Mosaic presently has a consensus rating of “Buy” and a consensus target price of $16.94.
Shares of MOS stock opened at $12.65 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.70 and a current ratio of 1.29. Mosaic has a fifty-two week low of $6.50 and a fifty-two week high of $25.70. The stock has a 50 day moving average price of $12.41 and a two-hundred day moving average price of $15.23. The company has a market capitalization of $4.74 billion, a P/E ratio of -3.44, a PEG ratio of 71.90 and a beta of 1.69.
Mosaic (NYSE:MOS) last announced its quarterly earnings data on Monday, May 4th. The basic materials company reported ($0.06) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.02. Mosaic had a negative return on equity of 0.53% and a negative net margin of 15.91%. The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the company posted $0.25 earnings per share. The business’s revenue was down 5.3% on a year-over-year basis. As a group, equities analysts predict that Mosaic will post 0.02 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of MOS. Victory Capital Management Inc. increased its position in Mosaic by 2.6% in the fourth quarter. Victory Capital Management Inc. now owns 114,306 shares of the basic materials company’s stock worth $2,474,000 after buying an additional 2,890 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in Mosaic by 86.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,197 shares of the basic materials company’s stock worth $26,000 after buying an additional 555 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in Mosaic in the fourth quarter worth about $219,000. Bank of Montreal Can increased its position in Mosaic by 11.7% in the fourth quarter. Bank of Montreal Can now owns 455,967 shares of the basic materials company’s stock worth $9,868,000 after buying an additional 47,745 shares in the last quarter. Finally, Korea Investment CORP increased its position in Mosaic by 20.4% in the fourth quarter. Korea Investment CORP now owns 638,900 shares of the basic materials company’s stock worth $13,826,000 after buying an additional 108,100 shares in the last quarter. 72.96% of the stock is currently owned by institutional investors.
Mosaic Company Profile
The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and International Distribution. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names.
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