Mosaic (MOS) Raised to Neutral at CIBC

Mosaic (NYSE:MOS) was upgraded by CIBC from a “sector underperform” rating to a “neutral” rating in a report released on Sunday, February 11th, Marketbeat reports.

Several other equities analysts also recently commented on the company. Zacks Investment Research downgraded Mosaic from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Cleveland Research upgraded Mosaic from a “neutral” rating to a “buy” rating in a report on Wednesday, November 1st. JPMorgan Chase & Co. began coverage on Mosaic in a research note on Friday, January 12th. They set a “neutral” rating and a $26.00 price objective for the company. Royal Bank of Canada upped their price objective on Mosaic from $24.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Friday, January 12th. Finally, Stephens started coverage on Mosaic in a research note on Friday, February 2nd. They set an “overweight” rating for the company. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Mosaic currently has a consensus rating of “Hold” and an average price target of $25.34.

Shares of Mosaic (NYSE MOS) opened at $27.46 on Friday. The stock has a market capitalization of $9,394.07, a P/E ratio of -91.53, a price-to-earnings-growth ratio of 2.13 and a beta of 1.29. The company has a quick ratio of 0.90, a current ratio of 1.78 and a debt-to-equity ratio of 0.37. Mosaic has a 12 month low of $19.23 and a 12 month high of $33.59.

Mosaic (NYSE:MOS) last released its earnings results on Monday, February 19th. The basic materials company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.07. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $1.91 billion. Mosaic had a positive return on equity of 3.87% and a negative net margin of 1.45%. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS. sell-side analysts expect that Mosaic will post 1.32 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of MOS. Sentry Investment Management LLC lifted its position in shares of Mosaic by 1.0% in the second quarter. Sentry Investment Management LLC now owns 23,662 shares of the basic materials company’s stock valued at $540,000 after acquiring an additional 223 shares in the last quarter. GWM Advisors LLC lifted its position in shares of Mosaic by 7.9% in the fourth quarter. GWM Advisors LLC now owns 29,350 shares of the basic materials company’s stock valued at $772,000 after acquiring an additional 2,152 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its position in shares of Mosaic by 3.8% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 60,956 shares of the basic materials company’s stock valued at $1,564,000 after acquiring an additional 2,237 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Mosaic by 60.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,000 shares of the basic materials company’s stock valued at $154,000 after acquiring an additional 2,257 shares in the last quarter. Finally, Auxier Asset Management lifted its position in shares of Mosaic by 3.3% in the third quarter. Auxier Asset Management now owns 87,531 shares of the basic materials company’s stock valued at $1,890,000 after acquiring an additional 2,800 shares in the last quarter. Institutional investors own 77.42% 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.

Analyst Recommendations for Mosaic (NYSE:MOS)

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