BMO Capital Markets upgraded shares of The Mosaic Company (NYSE: MOS) from a market perform rating to an outperform rating in a research note released on Tuesday morning. They currently have $72.00 price target on the stock, up from their previous price target of $62.00.
“Raising our rating ahead of FQ3/13 (Feb) results on March 28, for which we expect MOS to miss consensus EPS of $0.88 (we model $0.75), but believe investors will be focused on the outlook and Mosaic’s share buyback potential. … The trade is turning toward potash and phosphate producers (POT and MOS), both with strong incremental capital return theses, versus nitrogen producers (CF, YAR and AGU) from weakening urea/ammonia sentiment and higher gas prices. The end of May is nearing, when MOS can start negotiating with Cargill shareholders to repurchase shares.,” BMO Capital Markets’ analyst commented.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of The Mosaic Company from $59.00 to $60.00 in a research note to investors on Tuesday, March 5th. They now have a sector perform rating on the stock. Separately, analysts at TheStreet reiterated a buy rating on shares of The Mosaic Company in a research note to investors on Monday, March 4th. Finally, analysts at Dahlman Rose downgraded shares of The Mosaic Company from a buy rating to a hold rating in a research note to investors on Friday, February 22nd.
Fourteen equities research analysts have rated the stock with a buy rating, one has assigned an overweight rating, and ten have given a hold rating to the company’s stock. The Mosaic Company currently has an average rating of overweight and an average price target of $66.95.
Shares of The Mosaic Company (NYSE: MOS) traded up 0.40% during mid-day trading on Tuesday, hitting $62.01. The Mosaic Company has a one year low of $44.43 and a one year high of $63.46. The stock’s 50-day moving average is currently $60.2. The company has a market cap of $26.397 billion and a P/E ratio of 14.35.
The Mosaic Company (Mosaic) is a producer and marketer of combined concentrated phosphate and potash crop nutrients for the global agriculture industry.
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