Mosaic (NYSE:MOS) Stock Rating Upgraded by Credit Suisse Group

Mosaic (NYSE:MOS) was upgraded by analysts at Credit Suisse Group from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, March 28th, Marketbeat Ratings reports. The brokerage presently has a $27.49 price target on the basic materials company’s stock. Credit Suisse Group’s target price indicates a potential upside of 1.55% from the stock’s previous close.

Other research analysts have also issued reports about the company. Zacks Investment Research upgraded Mosaic from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Monday, January 7th. Berenberg Bank began coverage on Mosaic in a research report on Tuesday, March 26th. They issued a “hold” rating and a $30.00 price objective for the company. ValuEngine upgraded Mosaic from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. UBS Group set a $40.00 price target on Mosaic and gave the stock a “buy” rating in a research note on Tuesday, February 26th. Finally, JPMorgan Chase & Co. cut Mosaic from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $38.00 to $33.00 in a research note on Wednesday, December 12th. Eleven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $35.47.

MOS stock traded up $0.17 on Thursday, hitting $27.07. 3,989,172 shares of the company’s stock were exchanged, compared to its average volume of 3,738,361. The company has a market cap of $10.43 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 1.68 and a beta of 1.46. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.71 and a quick ratio of 0.79. Mosaic has a 12-month low of $25.43 and a 12-month high of $37.37.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Monday, February 25th. The basic materials company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.20. The company had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Mosaic had a return on equity of 7.71% and a net margin of 4.90%. Mosaic’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.23) EPS. As a group, equities research analysts anticipate that Mosaic will post 2.31 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MOS. Private Capital Group LLC lifted its position in shares of Mosaic by 50.8% during the 4th quarter. Private Capital Group LLC now owns 1,203 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 405 shares during the period. Berman Capital Advisors LLC acquired a new position in shares of Mosaic during the 4th quarter worth approximately $39,000. Exane Asset Management acquired a new position in shares of Mosaic during the 4th quarter worth approximately $72,000. Oregon Public Employees Retirement Fund raised its position in shares of Mosaic by 3,480.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,688,263 shares of the basic materials company’s stock worth $161,000 after purchasing an additional 4,557,338 shares during the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in shares of Mosaic during the 4th quarter worth approximately $166,000. 78.40% of the stock is currently owned by hedge funds and other institutional investors.

Mosaic Company Profile

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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