By otakuyassine3@gmail.com 
Mosaic (NYSE:MOS – Get Free Report) was upgraded by research analysts at Piper Sandler from an “underweight” rating to a “neutral” rating in a report released on Monday. The brokerage currently has a $30.00 price objective on the basic materials company’s stock, up from their prior price objective of $26.00. Piper Sandler’s price target indicates a potential upside of 20.92% from the company’s previous close.
MOS has been the topic of several other reports. CIBC began coverage on shares of Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 target price on the stock. Mizuho boosted their price objective on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Oppenheimer began coverage on shares of Mosaic in a research report on Thursday, December 12th. They issued a “market perform” rating on the stock. Barclays decreased their price objective on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Finally, Wells Fargo & Company decreased their price objective on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 24th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $35.60.
Get Our Latest Report on Mosaic
Mosaic Price Performance
Shares of NYSE MOS opened at $24.81 on Monday. The firm has a market capitalization of $7.88 billion, a P/E ratio of 21.96, a PEG ratio of 1.85 and a beta of 1.34. Mosaic has a one year low of $23.56 and a one year high of $33.79. The company’s fifty day moving average is $25.76 and its two-hundred day moving average is $26.75. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19.
Mosaic (NYSE:MOS – Get Free Report) last issued its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.24). The company had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. Mosaic’s revenue for the quarter was down 20.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 earnings per share. Analysts forecast that Mosaic will post 2.07 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP increased its stake in shares of Mosaic by 131.4% during the 2nd quarter. Quarry LP now owns 38,894 shares of the basic materials company’s stock valued at $1,124,000 after acquiring an additional 22,084 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Mosaic by 44.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock valued at $86,189,000 after acquiring an additional 986,812 shares during the last quarter. Swedbank AB increased its stake in shares of Mosaic by 2.3% during the 3rd quarter. Swedbank AB now owns 1,269,494 shares of the basic materials company’s stock valued at $33,997,000 after acquiring an additional 28,816 shares during the last quarter. Herr Investment Group LLC increased its stake in shares of Mosaic by 1,318.7% during the 2nd quarter. Herr Investment Group LLC now owns 332,209 shares of the basic materials company’s stock valued at $9,601,000 after acquiring an additional 308,792 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Mosaic during the 3rd quarter worth approximately $1,251,000. 77.54% of the stock is currently owned by hedge funds and other 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 Mosaic Fertilizantes. 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, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.
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