JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Mosaic (NYSE:MOS) Stock

Key Points

• JPMorgan Chase & Co. has increased its price target for Mosaic (NYSE:MOS) from $35.00 to $37.00, indicating a potential upside of 15.70% from the current stock price.
• Analysts have mostly rated Mosaic favorably with eight buy ratings, one strong buy, and five hold ratings, leading to an average target price of $36.67.
• Mosaic reported an EPS of $0.51 for the most recent quarter, below the analysts' consensus of $0.71, while its revenue rose 6.7% year-over-year.

Mosaic (NYSE:MOS - Get Free Report) had its price target raised by investment analysts at JPMorgan Chase & Co. from $35.00 to $37.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an "overweight" rating on the basic materials company's stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 14.31% from the company's previous close.

MOS has been the topic of several other research reports. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Mosaic in a research note on Monday, July 14th. Wall Street Zen upgraded Mosaic from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Oppenheimer reissued an "outperform" rating and issued a $43.00 target price (up previously from $39.00) on shares of Mosaic in a report on Tuesday, July 15th. Barclays raised their price target on Mosaic from $40.00 to $46.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Finally, CIBC boosted their price objective on shares of Mosaic from $32.00 to $33.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $36.42.

Mosaic Trading Up 0.8%

Mosaic stock traded up $0.27 during mid-day trading on Monday, reaching $32.37. 1,387,266 shares of the company traded hands, compared to its average volume of 5,574,872. The firm's 50 day moving average price is $35.48 and its 200 day moving average price is $30.98. The firm has a market capitalization of $10.27 billion, a price-to-earnings ratio of 10.99, a P/E/G ratio of 1.53 and a beta of 1.12. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44. Mosaic has a 52-week low of $22.36 and a 52-week high of $38.23.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.71 by ($0.20). The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.11 billion. Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The firm's quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the business earned $0.54 EPS. On average, analysts anticipate that Mosaic will post 2.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Walter F. Precourt III sold 18,000 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $35.73, for a total value of $643,140.00. Following the completion of the transaction, the senior vice president directly owned 128,546 shares in the company, valued at approximately $4,592,948.58. This represents a 12.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.50% of the company's stock.

Hedge Funds Weigh In On Mosaic

Institutional investors have recently modified their holdings of the company. Norges Bank acquired a new stake in Mosaic in the 2nd quarter valued at approximately $158,085,000. Boston Partners raised its holdings in shares of Mosaic by 42.2% in the first quarter. Boston Partners now owns 7,979,380 shares of the basic materials company's stock valued at $215,540,000 after buying an additional 2,368,094 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Mosaic by 24.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company's stock worth $271,382,000 after acquiring an additional 2,151,426 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Mosaic during the first quarter worth approximately $54,953,000. Finally, Truist Financial Corp lifted its holdings in Mosaic by 13,275.9% during the 2nd quarter. Truist Financial Corp now owns 2,022,840 shares of the basic materials company's stock worth $73,793,000 after buying an additional 2,007,717 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.