Mosaic Company (The) (NYSE:MOS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The brokerage currently has a $26.00 price target on the basic materials company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 14.84% from the company’s current price.

According to Zacks, “Mosaic saw its profits surge year over year in the third quarter, driven by strong operational performance and healthy demand for its products. Both revenues and adjusted earnings topped the respective Zacks Consensus Estimate. Mosaic is well placed to gain from strong global demand for fertilizers. Moreover, the acquisition of Vale Fertilizantes will help the company to capitalize on the rapidly growing Brazilian agricultural market. The buyout is also expected to deliver significant synergies. Mosaic should also benefit from its cost reduction measures and its efforts to boost production capacity.”

A number of other brokerages have also recently commented on MOS. BidaskClub cut Mosaic Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $25.00 price target (down from $26.00) on shares of Mosaic Company (The) in a research note on Wednesday, August 2nd. Royal Bank Of Canada lowered their price target on Mosaic Company (The) from $25.00 to $23.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 2nd. Morgan Stanley lowered their target price on Mosaic Company (The) from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Monday, August 7th. Finally, Scotiabank raised Mosaic Company (The) from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, November 1st. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.99.

Shares of Mosaic Company (NYSE:MOS) traded up $0.26 during mid-day trading on Tuesday, hitting $22.64. The stock had a trading volume of 1,238,729 shares, compared to its average volume of 4,468,644. The company has a current ratio of 1.78, a quick ratio of 0.90 and a debt-to-equity ratio of 0.37. The company has a market cap of $7,890.00, a PE ratio of 22.55, a PEG ratio of 2.50 and a beta of 1.27. Mosaic Company has a one year low of $19.23 and a one year high of $34.36.

Mosaic Company (The) (NYSE:MOS) last announced its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.18. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Mosaic Company (The) had a return on equity of 3.61% and a net margin of 4.68%. Mosaic Company (The)’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 EPS. analysts anticipate that Mosaic Company will post 0.97 EPS for the current year.

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In other Mosaic Company (The) news, Director Robert L. Lumpkins purchased 7,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was bought at an average cost of $19.94 per share, with a total value of $139,580.00. Following the purchase, the director now directly owns 9,339 shares of the company’s stock, valued at $186,219.66. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.38% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. YorkBridge Wealth Partners LLC boosted its holdings in shares of Mosaic Company (The) 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 buying an additional 6,000 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Mosaic Company (The) by 8.7% in the 2nd quarter. Pacer Advisors Inc. now owns 7,366 shares of the basic materials company’s stock valued at $168,000 after buying an additional 587 shares during the last quarter. CrestPoint Capital Management LLC acquired a new stake in shares of Mosaic Company (The) in the 2nd quarter valued at approximately $208,000. Greenwood Capital Associates LLC boosted its holdings in shares of Mosaic Company (The) by 30.5% in the 2nd quarter. Greenwood Capital Associates LLC now owns 9,445 shares of the basic materials company’s stock valued at $216,000 after buying an additional 2,210 shares during the last quarter. Finally, Westover Capital Advisors LLC acquired a new stake in shares of Mosaic Company (The) in the 2nd quarter valued at approximately $218,000. 77.68% of the stock is owned by institutional investors.

Mosaic Company (The) Company Profile

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 Company (The) (NYSE:MOS)

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