Mosaic's (MOS) "Outperform" Rating Reiterated at Oppenheimer

Mosaic (NYSE:MOS - Get Free Report)'s stock had its "outperform" rating reissued by stock analysts at Oppenheimer in a research note issued on Tuesday, MarketBeat.com reports. They presently have a $43.00 price objective on the basic materials company's stock, up from their prior price objective of $39.00. Oppenheimer's price objective points to a potential upside of 21.92% from the stock's previous close.

A number of other equities analysts have also weighed in on MOS. Wall Street Zen upgraded shares of Mosaic from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Scotiabank restated an "outperform" rating on shares of Mosaic in a research report on Wednesday, May 14th. Piper Sandler restated a "neutral" rating and set a $30.00 target price on shares of Mosaic in a research report on Thursday, March 27th. Barclays boosted their target price on shares of Mosaic from $40.00 to $46.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. Finally, BNP Paribas raised Mosaic to a "strong-buy" rating in a research note on Wednesday, April 9th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Mosaic currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.58.

Mosaic Stock Performance

Shares of Mosaic stock traded down $0.25 during trading on Tuesday, reaching $35.27. The company's stock had a trading volume of 5,249,306 shares, compared to its average volume of 4,840,773. The company has a 50-day moving average price of $35.66 and a two-hundred day moving average price of $29.74. The firm has a market cap of $11.19 billion, a PE ratio of 30.40, a P/E/G ratio of 2.09 and a beta of 1.12. Mosaic has a fifty-two week low of $22.36 and a fifty-two week high of $38.23. The company has a current ratio of 1.12, a quick ratio of 0.44 and a debt-to-equity ratio of 0.28.

Mosaic (NYSE:MOS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The basic materials company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. The business had revenue of $2.62 billion for the quarter, compared to analysts' expectations of $2.70 billion. Mosaic had a net margin of 3.32% and a return on equity of 4.91%. The company's quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 EPS. On average, analysts forecast that Mosaic will post 2.04 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Walter F. Precourt III sold 18,000 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $35.73, for a total transaction of $643,140.00. Following the completion of the transaction, the senior vice president owned 128,546 shares of the company's stock, valued at $4,592,948.58. This represents a 12.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.50% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MOS. Ancora Advisors LLC boosted its position in shares of Mosaic by 0.9% in the 1st quarter. Ancora Advisors LLC now owns 40,256 shares of the basic materials company's stock valued at $1,087,000 after purchasing an additional 350 shares during the period. NewEdge Advisors LLC raised its stake in shares of Mosaic by 27.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company's stock valued at $47,000 after acquiring an additional 380 shares in the last quarter. Twin Capital Management Inc. raised its stake in shares of Mosaic by 2.7% in the 1st quarter. Twin Capital Management Inc. now owns 14,590 shares of the basic materials company's stock valued at $394,000 after acquiring an additional 384 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Mosaic by 25.7% in the 2nd quarter. UMB Bank n.a. now owns 1,893 shares of the basic materials company's stock valued at $69,000 after acquiring an additional 387 shares in the last quarter. Finally, Strengthening Families & Communities LLC increased its position in Mosaic by 12.0% in the 1st quarter. Strengthening Families & Communities LLC now owns 4,210 shares of the basic materials company's stock worth $116,000 after buying an additional 450 shares during the period. 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.