Mosaic (NYSE:MOS) Upgraded to “Outperform” at Scotiabank

Mosaic (NYSE:MOS) was upgraded by equities research analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm currently has a $36.00 price target on the basic materials company’s stock. Scotiabank’s price target would indicate a potential upside of 31.05% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Wolfe Research dropped their price objective on Mosaic from $41.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 16th. Zacks Research raised shares of Mosaic from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 9th. The Goldman Sachs Group boosted their target price on Mosaic from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Oppenheimer set a $35.00 target price on shares of Mosaic in a research note on Friday, January 16th. Finally, HSBC cut their price target on Mosaic from $35.00 to $26.00 and set a “hold” rating on the stock in a research note on Monday, November 24th. Seven analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, Mosaic currently has an average rating of “Hold” and a consensus target price of $31.50.

Mosaic Stock Down 2.0%

Shares of MOS opened at $27.47 on Monday. Mosaic has a 52-week low of $22.36 and a 52-week high of $38.23. The company has a market cap of $8.72 billion, a PE ratio of 7.12, a P/E/G ratio of 1.24 and a beta of 0.94. The business has a fifty day moving average of $25.35 and a 200 day moving average of $29.54. The company has a quick ratio of 0.40, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. Mosaic had a return on equity of 6.46% and a net margin of 10.33%.The company had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.87 billion. During the same quarter in the previous year, the firm posted $0.34 EPS. The firm’s revenue was up 22.8% compared to the same quarter last year. On average, sell-side analysts expect that Mosaic will post 2.04 EPS for the current year.

Hedge Funds Weigh In On Mosaic

Several institutional investors and hedge funds have recently modified their holdings of the stock. Jennison Associates LLC raised its stake in Mosaic by 9.5% during the 4th quarter. Jennison Associates LLC now owns 267,722 shares of the basic materials company’s stock worth $6,449,000 after acquiring an additional 23,297 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in shares of Mosaic by 1.8% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 113,650 shares of the basic materials company’s stock valued at $2,738,000 after buying an additional 1,999 shares in the last quarter. Keybank National Association OH grew its position in Mosaic by 17.7% during the 4th quarter. Keybank National Association OH now owns 60,662 shares of the basic materials company’s stock worth $1,461,000 after purchasing an additional 9,131 shares during the last quarter. Torren Management LLC acquired a new stake in shares of Mosaic in the fourth quarter worth $35,000. Finally, M&T Bank Corp increased its holdings in Mosaic by 2.3% in the fourth quarter. M&T Bank Corp now owns 21,101 shares of the basic materials company’s stock valued at $508,000 after buying an additional 466 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors.

Mosaic Company Profile

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.