Mosaic (NYSE:MOS) Raised to “Neutral” at Piper Sandler

Mosaic (NYSE:MOS) was upgraded by stock analysts at Piper Sandler from an “underweight” rating to a “neutral” rating in a research report issued on Monday. The firm presently has a $30.00 target price on the basic materials company’s stock, up from their previous target price of $26.00. Piper Sandler’s price objective indicates a potential upside of 20.92% from the company’s current price.

MOS has been the subject of a number of other research reports. CIBC assumed coverage on Mosaic in a report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price target for the company. Wells Fargo & Company decreased their price target on Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, September 24th. Oppenheimer started coverage on Mosaic in a report on Thursday, December 12th. They issued a “market perform” rating for the company. Barclays reduced their target price on Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Finally, Mizuho increased their target price on Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Mosaic has a consensus rating of “Hold” and an average target price of $35.60.

Mosaic Stock Up 0.5 %

MOS opened at $24.81 on Monday. The firm has a 50 day moving average price of $25.76 and a 200 day moving average price of $26.75. The company has a market cap of $7.88 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 1.85 and a beta of 1.34. Mosaic has a 1 year low of $23.56 and a 1 year high of $33.79. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19.

Mosaic (NYSE:MOS) last posted its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $3.17 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The firm’s revenue for the quarter was down 20.8% compared to the same quarter last year. During the same period last year, the company posted $0.68 EPS. Sell-side analysts expect that Mosaic will post 2.07 earnings per share for the current year.

Hedge Funds Weigh In On Mosaic

Institutional investors have recently modified their holdings of the company. Larson Financial Group LLC grew its position in shares of Mosaic by 180,900.0% during the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 1,809 shares during the last quarter. Kimelman & Baird LLC bought a new position in shares of Mosaic during the second quarter worth about $49,000. Blue Trust Inc. grew its position in shares of Mosaic by 46.4% during the third quarter. Blue Trust Inc. now owns 1,799 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 570 shares during the last quarter. CVA Family Office LLC grew its position in Mosaic by 23.2% in the 3rd quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock valued at $55,000 after buying an additional 384 shares in the last quarter. Finally, Huntington National Bank grew its position in Mosaic by 85.2% in the 3rd quarter. Huntington National Bank now owns 2,189 shares of the basic materials company’s stock valued at $59,000 after buying an additional 1,007 shares in the last quarter. Institutional investors own 77.54% of the company’s stock.

Mosaic Company Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. 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, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.