Mosaic (MOS) Lifted to Buy at Zacks Investment Research

Mosaic (NYSE:MOS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The firm currently has a $36.00 price objective on the basic materials company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 11.63% from the company’s previous close.

According to Zacks, “Mosaic has outperformed the industry it belongs to over a year. The company is well placed to gain from rising global demand for fertilizers. The Vale Fertilizantes acquisition is also expected to deliver significant synergies. Moreover, Mosaic is expected to benefit from cost-reduction action and capacity expansion. The company is also committed to returning capital to shareholders.”

MOS has been the subject of a number of other research reports. Royal Bank of Canada set a $45.00 price target on shares of Mosaic and gave the company a “buy” rating in a research note on Wednesday, November 7th. Credit Suisse Group set a $30.00 price objective on shares of Mosaic and gave the stock a “sell” rating in a research note on Wednesday, November 7th. Cowen lifted their price objective on shares of Mosaic from $38.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, November 15th. Stephens set a $45.00 target price on shares of Mosaic and gave the company a “buy” rating in a report on Wednesday, November 7th. Finally, TheStreet raised shares of Mosaic from a “c+” rating to a “b-” rating in a report on Monday, November 19th. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Mosaic currently has an average rating of “Hold” and an average target price of $35.93.

NYSE:MOS traded up $0.05 during trading hours on Wednesday, hitting $32.25. The stock had a trading volume of 58,834 shares, compared to its average volume of 2,919,874. Mosaic has a one year low of $22.90 and a one year high of $37.37. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.67. The company has a market capitalization of $12.35 billion, a PE ratio of 29.59, a PEG ratio of 1.92 and a beta of 1.53.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Monday, November 5th. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.11. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.95 billion. Mosaic had a negative net margin of 0.80% and a positive return on equity of 6.17%. The firm’s revenue was up 47.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 earnings per share. On average, sell-side analysts forecast that Mosaic will post 1.92 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in MOS. Oregon Public Employees Retirement Fund grew its holdings in shares of Mosaic by 3,480.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,688,263 shares of the basic materials company’s stock valued at $161,000 after purchasing an additional 4,557,338 shares during the last quarter. FMR LLC grew its holdings in shares of Mosaic by 52.6% during the 2nd quarter. FMR LLC now owns 11,831,390 shares of the basic materials company’s stock valued at $331,871,000 after purchasing an additional 4,080,426 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Mosaic by 49.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,254,320 shares of the basic materials company’s stock valued at $235,621,000 after purchasing an additional 2,385,147 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Mosaic by 5.4% during the 3rd quarter. BlackRock Inc. now owns 25,024,893 shares of the basic materials company’s stock valued at $812,808,000 after purchasing an additional 1,272,851 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of Mosaic by 64.3% during the 3rd quarter. Morgan Stanley now owns 2,727,952 shares of the basic materials company’s stock valued at $88,605,000 after purchasing an additional 1,067,505 shares during the last quarter. 75.26% of the stock is currently owned by institutional investors.

About Mosaic

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. 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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