Mosaic (NYSE:MOS) Lifted to “Buy” at Citigroup

Citigroup upgraded shares of Mosaic (NYSE:MOS) from a neutral rating to a buy rating in a report issued on Wednesday morning, BenzingaRatingsTable reports. The firm currently has $31.00 target price on the basic materials company’s stock, up from their prior target price of $26.00.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. raised shares of Mosaic from a neutral rating to an overweight rating and reduced their price objective for the company from $33.00 to $27.00 in a research note on Wednesday, May 8th. Credit Suisse Group raised shares of Mosaic from a neutral rating to an outperform rating and reduced their price objective for the company from $30.00 to $28.00 in a research note on Tuesday, May 7th. TheStreet lowered shares of Mosaic from a b- rating to a c+ rating in a research note on Thursday, May 9th. Standpoint Research raised shares of Mosaic from a hold rating to a buy rating in a research note on Wednesday, June 5th. Finally, Royal Bank of Canada reduced their price objective on shares of Mosaic from $38.00 to $35.00 and set an outperform rating on the stock in a research note on Friday, July 12th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $32.80.

NYSE MOS traded down $0.69 on Wednesday, hitting $24.39. The company’s stock had a trading volume of 3,494,416 shares, compared to its average volume of 3,605,773. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.66 and a current ratio of 1.73. Mosaic has a 1-year low of $20.81 and a 1-year high of $37.37. The stock’s 50-day simple moving average is $24.01. The company has a market capitalization of $9.41 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 2.25 and a beta of 1.56.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.04. Mosaic had a net margin of 5.85% and a return on equity of 7.88%. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the company posted $0.20 EPS. The company’s revenue was down 1.8% on a year-over-year basis. As a group, research analysts expect that Mosaic will post 1.6 earnings per share for the current fiscal year.

In related news, CEO James Calvin O’rourke acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average price of $24.03 per share, for a total transaction of $240,300.00. Following the completion of the acquisition, the chief executive officer now owns 168,345 shares of the company’s stock, valued at approximately $4,045,330.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Clint Freeland acquired 4,250 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were bought at an average price of $23.60 per share, with a total value of $100,300.00. Following the acquisition, the chief financial officer now directly owns 4,250 shares of the company’s stock, valued at approximately $100,300. The disclosure for this purchase can be found here. In the last quarter, insiders bought 17,339 shares of company stock valued at $414,182. 0.51% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of MOS. Geode Capital Management LLC lifted its position in shares of Mosaic by 10.0% during the 4th quarter. Geode Capital Management LLC now owns 4,848,463 shares of the basic materials company’s stock valued at $141,386,000 after acquiring an additional 440,727 shares during the last quarter. Two Sigma Advisers LP raised its stake in Mosaic by 549.5% during the 4th quarter. Two Sigma Advisers LP now owns 70,210 shares of the basic materials company’s stock valued at $2,051,000 after purchasing an additional 59,400 shares during the period. Municipal Employees Retirement System of Michigan acquired a new stake in Mosaic during the 4th quarter valued at $278,000. Advisory Services Network LLC raised its stake in Mosaic by 690.2% during the 4th quarter. Advisory Services Network LLC now owns 8,289 shares of the basic materials company’s stock valued at $242,000 after purchasing an additional 7,240 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Mosaic during the 4th quarter valued at $205,000. Institutional investors and hedge funds own 74.45% of the company’s stock.

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 International Distribution. 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.

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Analyst Recommendations for Mosaic (NYSE:MOS)

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