Mosaic (NYSE:MOS) Upgraded to Outperform at Royal Bank of Canada

Mosaic (NYSE:MOS - Get Free Report) was upgraded by stock analysts at Royal Bank of Canada from a "sector perform" rating to an "outperform" rating in a report issued on Thursday,Briefing.com Automated Import reports. The brokerage currently has a $40.00 price objective on the basic materials company's stock. Royal Bank of Canada's target price indicates a potential upside of 26.75% from the company's current price.

A number of other analysts also recently issued reports on the stock. BNP Paribas raised shares of Mosaic to a "strong-buy" rating in a report on Wednesday, April 9th. Mizuho reduced their target price on Mosaic from $29.00 to $28.00 and set a "neutral" rating on the stock in a report on Monday, March 3rd. JPMorgan Chase & Co. raised shares of Mosaic from a "neutral" rating to an "overweight" rating and raised their target price for the company from $26.00 to $29.00 in a report on Monday, March 3rd. Wells Fargo & Company lifted their price objective on shares of Mosaic from $26.00 to $28.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 19th. Finally, Morgan Stanley cut their target price on Mosaic from $40.00 to $30.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $33.50.

Mosaic Stock Up 3.6 %

MOS stock opened at $31.56 on Thursday. The business's 50 day simple moving average is $26.75 and its 200 day simple moving average is $26.46. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $10.00 billion, a PE ratio of 27.93, a PEG ratio of 1.42 and a beta of 1.09. Mosaic has a 1-year low of $22.36 and a 1-year high of $32.29.

Mosaic (NYSE:MOS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.04. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.70 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The business's revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period last year, the business posted $0.65 earnings per share. As a group, research analysts anticipate that Mosaic will post 2.04 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NBC Securities Inc. bought a new position in shares of Mosaic during the 1st quarter worth approximately $26,000. Brooklyn Investment Group boosted its position in Mosaic by 110.8% in the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company's stock worth $27,000 after purchasing an additional 587 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new position in Mosaic in the 1st quarter valued at $27,000. Allworth Financial LP grew its stake in Mosaic by 102.3% in the 1st quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 537 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Mosaic during the 4th quarter worth $33,000. 77.54% 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 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.

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