Mosaic (NYSE:MOS) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded Mosaic from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Tuesday, July 24th. Bank of America upgraded Mosaic from an “underperform” rating to a “buy” rating and raised their target price for the stock from $24.00 to $35.00 in a research report on Tuesday, July 24th. Royal Bank of Canada raised their target price on Mosaic from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, July 18th. Barclays initiated coverage on Mosaic in a research report on Tuesday, September 4th. They set an “equal weight” rating and a $34.00 target price for the company. Finally, Stifel Nicolaus raised their target price on Mosaic from $28.00 to $32.00 and gave the stock a “hold” rating in a research report on Tuesday, May 15th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the stock. Mosaic currently has a consensus rating of “Hold” and a consensus target price of $31.49.

Shares of MOS stock opened at $30.68 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 1.61 and a debt-to-equity ratio of 0.45. Mosaic has a 12 month low of $20.08 and a 12 month high of $32.32. The company has a market capitalization of $11.92 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 2.60 and a beta of 1.55.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Monday, August 6th. The basic materials company reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.02. Mosaic had a positive return on equity of 4.88% and a negative net margin of 1.14%. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter last year, the company earned $0.29 EPS. The company’s quarterly revenue was up 25.7% on a year-over-year basis. equities research analysts forecast that Mosaic will post 1.7 EPS for the current year.

In other Mosaic news, Director Luciano Siani Pires acquired 2,000 shares of the business’s stock in a transaction on Thursday, August 16th. The stock was purchased at an average price of $29.68 per share, for a total transaction of $59,360.00. Following the transaction, the director now owns 2,000 shares in the company, valued at approximately $59,360. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.45% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of MOS. Boston Partners raised its position in Mosaic by 27.9% in the 1st quarter. Boston Partners now owns 179,240 shares of the basic materials company’s stock valued at $4,352,000 after purchasing an additional 39,099 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new position in Mosaic in the 1st quarter valued at $259,000. Schwab Charles Investment Management Inc. raised its position in Mosaic by 4.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 2,230,449 shares of the basic materials company’s stock valued at $54,156,000 after purchasing an additional 98,789 shares during the last quarter. Aperio Group LLC increased its stake in shares of Mosaic by 12.9% in the 1st quarter. Aperio Group LLC now owns 172,537 shares of the basic materials company’s stock valued at $4,189,000 after buying an additional 19,734 shares during the period. Finally, LS Investment Advisors LLC increased its stake in shares of Mosaic by 43.8% in the 1st quarter. LS Investment Advisors LLC now owns 23,404 shares of the basic materials company’s stock valued at $568,000 after buying an additional 7,133 shares during the period. Hedge funds and other institutional investors own 74.59% of the company’s stock.

About Mosaic

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. 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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