Mosaic (NYSE:MOS) Raised 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 research note issued to investors on Tuesday, November 14th. The brokerage presently has a $26.00 price objective on the basic materials company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 7.08% from the stock’s previous close.

According to Zacks, “Mosaic saw its profits surge year over year in the third quarter, driven by strong operational performance and healthy demand for its products. Both revenues and adjusted earnings topped the respective Zacks Consensus Estimate. Mosaic is well placed to gain from strong global demand for fertilizers. Moreover, the acquisition of Vale Fertilizantes will help the company to capitalize on the rapidly growing Brazilian agricultural market. The buyout is also expected to deliver significant synergies. Mosaic should also benefit from its cost reduction measures and its efforts to boost production capacity.”

MOS has been the topic of several other research reports. Piper Jaffray Companies set a $23.00 target price on shares of Mosaic and gave the company a “hold” rating in a research note on Friday, October 6th. Stifel Nicolaus restated a “hold” rating and set a $24.00 price objective (down previously from $27.00) on shares of Mosaic in a research report on Tuesday, August 8th. Scotiabank upgraded shares of Mosaic from an “underperform” rating to a “sector perform” rating in a research report on Wednesday, November 1st. BidaskClub lowered shares of Mosaic from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. Finally, BMO Capital Markets raised their price objective on shares of Mosaic from $23.00 to $24.00 and gave the company a “market perform” rating in a research report on Wednesday, November 1st. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $23.91.

Mosaic (NYSE MOS) traded down $0.01 during mid-day trading on Tuesday, hitting $24.28. 5,080,000 shares of the company were exchanged, compared to its average volume of 4,650,000. 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. The firm has a market cap of $8,520.00, a PE ratio of 23.80, a PEG ratio of 2.54 and a beta of 1.31.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.18. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Mosaic had a net margin of 4.68% and a return on equity of 3.61%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 EPS. analysts expect that Mosaic will post 1.01 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the stock. YorkBridge Wealth Partners LLC raised its position in Mosaic by 13,636.4% during the third quarter. YorkBridge Wealth Partners LLC now owns 6,044 shares of the basic materials company’s stock valued at $130,000 after acquiring an additional 6,000 shares in the last quarter. Pacer Advisors Inc. raised its position in Mosaic by 8.7% during the second quarter. Pacer Advisors Inc. now owns 7,366 shares of the basic materials company’s stock valued at $168,000 after acquiring an additional 587 shares in the last quarter. CrestPoint Capital Management LLC bought a new position in Mosaic during the second quarter valued at approximately $208,000. Greenwood Capital Associates LLC raised its position in Mosaic by 30.5% during the second quarter. Greenwood Capital Associates LLC now owns 9,445 shares of the basic materials company’s stock valued at $216,000 after acquiring an additional 2,210 shares in the last quarter. Finally, Westover Capital Advisors LLC bought a new position in Mosaic during the second quarter valued at approximately $218,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

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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.

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