Mosaic (MOS) Shares Gap Up Following Analyst Upgrade

Mosaic Co (NYSE:MOS)’s share price gapped up prior to trading on Wednesday after BMO Capital Markets raised their price target on the stock from $24.00 to $26.00. The stock had previously closed at $27.47, but opened at $26.76. BMO Capital Markets currently has a market perform rating on the stock. Mosaic shares last traded at $27.73, with a volume of 4417499 shares.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. upgraded shares of Mosaic from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $26.76 to $30.00 in a report on Wednesday. Cleveland Research upgraded shares of Mosaic from a “neutral” rating to a “buy” rating in a report on Wednesday, November 1st. Stephens initiated coverage on shares of Mosaic in a report on Friday, February 2nd. They set an “overweight” rating on the stock. Cowen reiterated a “hold” rating and set a $25.00 target price on shares of Mosaic in a report on Friday, January 12th. Finally, Royal Bank of Canada increased their target price on shares of Mosaic from $24.00 to $28.00 and gave the stock a “sector perform” rating in a report on Friday, January 12th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $25.48.

Institutional investors and hedge funds have recently made changes to their positions in the company. SeaCrest Wealth Management LLC acquired a new stake in shares of Mosaic in the 4th quarter valued at $106,000. YorkBridge Wealth Partners LLC raised its holdings in shares of Mosaic by 13,636.4% in the 3rd quarter. YorkBridge Wealth Partners LLC now owns 6,044 shares of the basic materials company’s stock valued at $130,000 after purchasing an additional 6,000 shares in the last quarter. Cerebellum GP LLC acquired a new stake in shares of Mosaic in the 4th quarter valued at $130,000. Stuart Chaussee & Associates Inc. acquired a new stake in shares of Mosaic in the 4th quarter valued at $138,000. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Mosaic by 60.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,000 shares of the basic materials company’s stock valued at $154,000 after purchasing an additional 2,257 shares in the last quarter. Institutional investors and hedge funds own 77.42% of the company’s stock.

The firm has a market capitalization of $8,927.18, a price-to-earnings ratio of 28.95, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29. 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 (NYSE:MOS) last announced its quarterly earnings data on Monday, February 19th. The basic materials company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.07. Mosaic had a net margin of 4.68% and a return on equity of 3.61%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period last year, the business earned $0.03 EPS. The company’s revenue was up 12.3% on a year-over-year basis. equities research analysts expect that Mosaic Co will post 1.01 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, March 1st will be issued a $0.025 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.36%. Mosaic’s payout ratio is 10.42%.

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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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