Mosaic Co. (MOS) Stock Rating Upgraded by Zacks Investment Research
Mosaic Co. (NYSE:MOS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The brokerage presently has a $28.00 target price on the stock.
According to Zacks, “Mosaic’s adjusted earnings and revenues for the third quarter of 2016 topped the respective Zacks Consensus Estimate. Benefits of the company’s cost-cutting actions offset headwinds from lower nutrient prices in the quarter. The company saw higher sales volumes for phosphate and potash in the third quarter. Mosaic should benefit from its efforts to boost production capacity and acquisitions. The company will also gain from improving global demand for fertilizers through second-half 2016. Moreover, Mosaic should gain from its cost reduction measures.”
Other analysts also recently issued reports about the stock. BMO Capital Markets reissued a “hold” rating and issued a $23.00 price target on shares of Mosaic in a report on Wednesday, August 3rd. JPMorgan Chase & Co. set a $24.00 price target on shares of Mosaic and gave the company a “hold” rating in a report on Wednesday, August 3rd. Credit Suisse Group AG reissued a “hold” rating on shares of Mosaic in a report on Wednesday, July 13th. Susquehanna downgraded shares of Mosaic from a “positive” rating to a “neutral” rating and reduced their price target for the company from $30.00 to $28.00 in a report on Wednesday, August 17th. Finally, Citigroup Inc. increased their price target on shares of Mosaic from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. Nine research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of €26.62 ($29.25).
Mosaic (NYSE:MOS) opened at 27.25 on Tuesday. Mosaic has a 1-year low of $22.02 and a 1-year high of $32.97. The firm has a market capitalization of $9.54 billion, a price-to-earnings ratio of 21.71 and a beta of 1.25. The firm’s 50-day moving average is $24.47 and its 200-day moving average is $26.46.
Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.23. Mosaic had a net margin of 5.91% and a return on equity of 3.78%. The firm earned $1.95 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the prior year, the firm earned $0.62 EPS. The business’s revenue was down 5.0% on a year-over-year basis. On average, equities analysts anticipate that Mosaic will post $0.61 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend is Tuesday, November 29th. Mosaic’s payout ratio is 88.00%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MOS. Quantum Capital Management raised its position in Mosaic by 138.0% in the first quarter. Quantum Capital Management now owns 20,043 shares of the company’s stock valued at $541,000 after buying an additional 11,622 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in Mosaic by 18.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 48,936 shares of the company’s stock valued at $1,322,000 after buying an additional 7,728 shares during the last quarter. Squarepoint Ops LLC raised its position in Mosaic by 6.8% in the first quarter. Squarepoint Ops LLC now owns 48,851 shares of the company’s stock valued at $1,319,000 after buying an additional 3,106 shares during the last quarter. Royal Bank of Canada raised its position in Mosaic by 6.3% in the first quarter. Royal Bank of Canada now owns 1,213,839 shares of the company’s stock valued at $32,774,000 after buying an additional 71,743 shares during the last quarter. Finally, Seven Eight Capital LLC raised its position in Mosaic by 27.2% in the first quarter. Seven Eight Capital LLC now owns 4,209 shares of the company’s stock valued at $114,000 after buying an additional 900 shares during the last quarter. 88.83% of the stock is currently owned by institutional investors and hedge funds.
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company’s segments include Phosphates, Potash and International Distribution. Its Phosphates Segment sells phosphate-based crop nutrients and animal feed ingredients throughout North America and internationally.
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