Mosaic (MOS) Stock Rating Upgraded by ValuEngine
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.
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.
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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