Mosaic (NYSE:MOS) Earns Market Perform Rating from Analysts at Oppenheimer

Research analysts at Oppenheimer initiated coverage on shares of Mosaic (NYSE:MOS) in a research report issued on Thursday,Benzinga reports. The brokerage set a “market perform” rating on the basic materials company’s stock.

MOS has been the subject of several other reports. Mizuho lifted their price objective on Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Barclays lowered their target price on Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, October 11th. CIBC assumed coverage on Mosaic in a research note on Tuesday. They issued a “neutral” rating and a $55.00 price target on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a research report on Thursday, November 14th. Finally, Wells Fargo & Company dropped their target price on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $35.40.

Mosaic Stock Performance

Shares of MOS stock opened at $26.80 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. Mosaic has a one year low of $24.11 and a one year high of $38.30. The business’s 50 day simple moving average is $26.45 and its 200 day simple moving average is $27.36. The stock has a market capitalization of $8.51 billion, a PE ratio of 23.72, a PEG ratio of 1.85 and a beta of 1.34.

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

Hedge Funds Weigh In On Mosaic

Hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its stake in shares of Mosaic by 40.0% in the second quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 351 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in Mosaic by 1.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company’s stock valued at $625,000 after buying an additional 354 shares during the last quarter. Moors & Cabot Inc. lifted its stake in Mosaic by 5.0% during the 2nd quarter. Moors & Cabot Inc. now owns 7,958 shares of the basic materials company’s stock valued at $230,000 after acquiring an additional 382 shares in the last quarter. CVA Family Office LLC boosted its holdings in Mosaic by 23.2% during the 3rd quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 384 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its stake in shares of Mosaic by 5.1% in the 3rd quarter. V Square Quantitative Management LLC now owns 8,764 shares of the basic materials company’s stock worth $235,000 after acquiring an additional 426 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

About Mosaic

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.