Mosaic (NYSE:MOS) was upgraded by stock analysts at Bank of America from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, Marketbeat reports. The firm presently has a $15.00 target price on the basic materials company’s stock, up from their previous target price of $12.00. Bank of America‘s target price would indicate a potential upside of 18.58% from the company’s current price.
MOS has been the subject of several other research reports. Morgan Stanley lowered their price objective on Mosaic from $23.00 to $15.00 and set an “equal weight” rating for the company in a research note on Monday, March 30th. Susquehanna Bancshares lowered their price objective on Mosaic from $22.00 to $15.00 and set a “positive” rating for the company in a research note on Thursday, April 9th. Cfra downgraded Mosaic from a “strong-buy” rating to a “hold” rating and lowered their price objective for the company from $26.00 to $13.00 in a research note on Friday, April 3rd. UBS Group reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Mosaic in a research note on Tuesday, May 5th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $18.00 target price on shares of Mosaic in a research report on Wednesday, March 18th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $16.94.
MOS stock opened at $12.65 on Monday. The stock has a market capitalization of $4.74 billion, a P/E ratio of -3.44, a price-to-earnings-growth ratio of 71.90 and a beta of 1.69. The company has a current ratio of 1.29, a quick ratio of 0.70 and a debt-to-equity ratio of 0.53. Mosaic has a 12 month low of $6.50 and a 12 month high of $25.70. The firm has a 50-day moving average price of $12.41 and a 200-day moving average price of $15.23.
Mosaic (NYSE:MOS) last released its quarterly earnings data on Monday, May 4th. The basic materials company reported ($0.06) earnings per share (EPS) 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 company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the firm posted $0.25 earnings per share. The firm’s revenue was down 5.3% compared to the same quarter last year. As a group, equities analysts predict that Mosaic will post 0.02 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. grew its position in shares of Mosaic by 86.4% during the 4th 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 during the period. Meeder Asset Management Inc. lifted its holdings in shares of Mosaic by 879.5% in the 4th quarter. Meeder Asset Management Inc. now owns 1,675 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 1,504 shares in the last quarter. Orion Portfolio Solutions LLC bought a new position in shares of Mosaic in the 4th quarter worth $44,000. Verus Capital Partners LLC bought a new position in shares of Mosaic in the 4th quarter worth $60,000. Finally, Whittier Trust Co. lifted its holdings in shares of Mosaic by 65.3% in the 1st quarter. Whittier Trust Co. now owns 3,146 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 1,243 shares in the last quarter. 72.96% of the stock is owned by institutional investors.
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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