Mosaic (NYSE:MOS) was upgraded by research analysts at TheStreet from a “c+” rating to a “b-” rating in a note issued to investors on Monday.

Other analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Mosaic from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Tuesday, July 24th. Bank of America upgraded shares of Mosaic from an “underperform” rating to a “buy” rating and raised their price target for the stock from $24.00 to $35.00 in a report on Tuesday, July 24th. Royal Bank of Canada raised their price target on shares of Mosaic from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, August 9th. ValuEngine raised shares of Mosaic from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. Finally, Citigroup raised shares of Mosaic from a “neutral” rating to a “buy” rating and raised their price objective for the company from $36.00 to $40.00 in a research report on Wednesday, October 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $35.79.

MOS stock opened at $34.70 on Monday. The company has a quick ratio of 0.89, a current ratio of 1.67 and a debt-to-equity ratio of 0.42. The company has a market cap of $13.46 billion, a P/E ratio of 31.83, a P/E/G ratio of 2.63 and a beta of 1.42. Mosaic has a 52 week low of $22.90 and a 52 week high of $37.37.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Monday, November 5th. The basic materials company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.64 by $0.11. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.95 billion. Mosaic had a negative net margin of 0.80% and a positive return on equity of 6.17%. The firm’s quarterly revenue was up 47.5% compared to the same quarter last year. During the same period last year, the company posted $0.43 earnings per share. As a group, analysts anticipate that Mosaic will post 1.9 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of MOS. Morgan Stanley raised its position in shares of Mosaic by 64.3% in the third quarter. Morgan Stanley now owns 2,727,952 shares of the basic materials company’s stock valued at $88,605,000 after purchasing an additional 1,067,505 shares during the period. Legal & General Group Plc raised its position in shares of Mosaic by 0.9% in the third quarter. Legal & General Group Plc now owns 1,841,635 shares of the basic materials company’s stock valued at $59,796,000 after purchasing an additional 16,510 shares during the period. Standard Life Aberdeen plc raised its position in shares of Mosaic by 4.0% in the third quarter. Standard Life Aberdeen plc now owns 179,629 shares of the basic materials company’s stock valued at $5,834,000 after purchasing an additional 6,896 shares during the period. Rehmann Capital Advisory Group raised its position in shares of Mosaic by 3,156.2% in the third quarter. Rehmann Capital Advisory Group now owns 154,150 shares of the basic materials company’s stock valued at $4,746,000 after purchasing an additional 149,416 shares during the period. Finally, Paradigm Asset Management Co. LLC raised its position in shares of Mosaic by 43.9% in the third quarter. Paradigm Asset Management Co. LLC now owns 21,950 shares of the basic materials company’s stock valued at $713,000 after purchasing an additional 6,700 shares during the period. 77.84% of the stock is currently owned by hedge funds and other institutional investors.

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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