Mosaic (MOS) Raised to “Overweight” at JPMorgan Chase & Co.

Mosaic (NYSE:MOS) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm currently has a $30.00 target price on the basic materials company’s stock, up from their previous target price of $26.76. JPMorgan Chase & Co.’s target price suggests a potential upside of 9.29% from the company’s current price.

MOS has been the subject of several other reports. Scotiabank upgraded Mosaic from an “underperform” rating to a “sector perform” rating in a report on Wednesday, November 1st. Zacks Investment Research cut Mosaic from a “buy” rating to a “hold” rating in a report on Friday, January 12th. BMO Capital Markets increased their price objective on Mosaic from $23.00 to $24.00 and gave the stock a “market perform” rating in a report on Wednesday, November 1st. Stephens began coverage on Mosaic in a report on Friday, February 2nd. They issued an “overweight” rating for the company. Finally, Cleveland Research upgraded Mosaic from a “neutral” rating to a “buy” rating in a report on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Mosaic presently has an average rating of “Hold” and an average price target of $25.34.

Shares of Mosaic (MOS) opened at $27.45 on Wednesday. The firm has a market capitalization of $9,639.81, a PE ratio of 24.96, a P/E/G ratio of 2.07 and a beta of 1.29. Mosaic has a fifty-two week low of $19.23 and a fifty-two week high of $33.31. The company has a current ratio of 2.27, a quick ratio of 0.90 and a debt-to-equity ratio of 0.51.

Mosaic (NYSE:MOS) last issued its earnings results on Monday, February 19th. The basic materials company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.07. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Mosaic had a positive return on equity of 3.90% and a negative net margin of 1.45%. Mosaic’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.03 EPS. equities analysts predict that Mosaic will post 1.4 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC purchased a new position in shares of Mosaic in the 4th quarter valued at approximately $106,000. YorkBridge Wealth Partners LLC lifted its stake 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 during the period. Cerebellum GP LLC purchased a new position in shares of Mosaic in the 4th quarter valued at approximately $130,000. Stuart Chaussee & Associates Inc. purchased a new position in shares of Mosaic in the 4th quarter valued at approximately $138,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its stake 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 during the period. 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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