Freedom Capital upgraded shares of Mosaic (NYSE:MOS – Free Report) from a strong sell rating to a strong-buy rating in a report issued on Wednesday morning,Zacks.com reports.
MOS has been the subject of a number of other reports. Bank of America lowered Mosaic from a “buy” rating to a “neutral” rating and cut their price target for the stock from $33.00 to $30.00 in a report on Friday, March 20th. Royal Bank Of Canada raised Mosaic from a “sector perform” rating to an “outperform” rating and cut their price target for the stock from $28.00 to $27.00 in a report on Wednesday, May 13th. BMO Capital Markets cut their price target on Mosaic from $35.00 to $31.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. Weiss Ratings lowered Mosaic from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, May 12th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $30.00 price target on shares of Mosaic in a report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $27.41.
View Our Latest Analysis on Mosaic
Mosaic Price Performance
Mosaic (NYSE:MOS – Get Free Report) last posted its quarterly earnings results on Monday, May 11th. The basic materials company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the previous year, the business earned $0.49 earnings per share. Mosaic’s revenue was up 14.4% on a year-over-year basis. As a group, equities research analysts forecast that Mosaic will post 0.83 EPS for the current year.
Institutional Investors Weigh In On Mosaic
Several large investors have recently added to or reduced their stakes in the business. Cary Street Partners Financial LLC boosted its stake in Mosaic by 2.0% during the fourth quarter. Cary Street Partners Financial LLC now owns 19,604 shares of the basic materials company’s stock valued at $472,000 after buying an additional 380 shares during the period. NewEdge Advisors LLC boosted its stake in Mosaic by 27.8% during the first quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock valued at $47,000 after buying an additional 380 shares during the period. Foster Dykema Cabot & Partners LLC boosted its stake in Mosaic by 54.3% during the third quarter. Foster Dykema Cabot & Partners LLC now owns 1,157 shares of the basic materials company’s stock valued at $40,000 after buying an additional 407 shares during the period. Smartleaf Asset Management LLC boosted its stake in Mosaic by 57.6% during the third quarter. Smartleaf Asset Management LLC now owns 1,135 shares of the basic materials company’s stock valued at $39,000 after buying an additional 415 shares during the period. Finally, Pinnacle Associates Ltd. boosted its stake in Mosaic by 0.9% during the third quarter. Pinnacle Associates Ltd. now owns 47,593 shares of the basic materials company’s stock valued at $1,651,000 after buying an additional 432 shares during the period. Institutional investors own 77.54% of the company’s stock.
About Mosaic
Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.
In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.
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