Citigroup Upgrades Mosaic (NYSE:MOS) to Buy

Mosaic (NYSE:MOSGet Rating) was upgraded by Citigroup from a “neutral” rating to a “buy” rating in a research note issued on Wednesday, Marketbeat.com reports. The firm presently has a $61.00 target price on the basic materials company’s stock. Citigroup’s price target would indicate a potential upside of 17.97% from the stock’s previous close.

MOS has been the topic of several other research reports. Royal Bank of Canada lifted their price target on shares of Mosaic from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, April 21st. Barclays began coverage on shares of Mosaic in a report on Wednesday, June 1st. They set an “underweight” rating and a $59.00 price objective for the company. BNP Paribas lowered shares of Mosaic from an “outperform” rating to a “neutral” rating and set a $82.00 price objective for the company. in a report on Wednesday, April 20th. Exane BNP Paribas lowered shares of Mosaic from an “outperform” rating to a “neutral” rating and set a $82.00 price objective for the company. in a report on Wednesday, April 20th. Finally, Piper Sandler raised their price objective on shares of Mosaic from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, May 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $65.29.

Mosaic Stock Performance

Mosaic stock opened at $51.71 on Wednesday. Mosaic has a 12-month low of $29.14 and a 12-month high of $79.28. The company has a market capitalization of $18.72 billion, a price-to-earnings ratio of 5.90, a price-to-earnings-growth ratio of 0.55 and a beta of 1.62. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.30 and a quick ratio of 0.57. The firm’s fifty day moving average price is $50.73 and its 200 day moving average price is $55.45.

Mosaic (NYSE:MOSGet Rating) last released its quarterly earnings results on Monday, August 1st. The basic materials company reported $3.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.94 by ($0.30). Mosaic had a return on equity of 30.83% and a net margin of 19.66%. The firm had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.62 billion. During the same period last year, the firm earned $1.17 EPS. The business’s quarterly revenue was up 91.8% on a year-over-year basis. On average, research analysts forecast that Mosaic will post 13.53 EPS for the current fiscal year.

Mosaic declared that its board has initiated a share repurchase plan on Monday, August 1st that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the basic materials company to purchase up to 10.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Mosaic

In other Mosaic news, Director Denise C. Johnson sold 24,427 shares of the business’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $65.00, for a total transaction of $1,587,755.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.57% of the stock is currently owned by company insiders.

Institutional Trading of Mosaic

A number of hedge funds and other institutional investors have recently made changes to their positions in MOS. Brown Advisory Inc. bought a new stake in shares of Mosaic during the 4th quarter worth about $277,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Mosaic in the 4th quarter worth approximately $7,090,000. State of New Jersey Common Pension Fund D raised its holdings in shares of Mosaic by 1.4% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 221,790 shares of the basic materials company’s stock worth $8,714,000 after purchasing an additional 3,139 shares in the last quarter. Illinois Municipal Retirement Fund raised its holdings in shares of Mosaic by 27.9% in the 4th quarter. Illinois Municipal Retirement Fund now owns 25,078 shares of the basic materials company’s stock worth $985,000 after purchasing an additional 5,475 shares in the last quarter. Finally, Yousif Capital Management LLC bought a new stake in shares of Mosaic in the 4th quarter worth approximately $2,537,000. 82.54% of the stock is currently owned by institutional investors.

Mosaic Company Profile

(Get Rating)

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.

Further Reading

Analyst Recommendations for Mosaic (NYSE:MOS)

Want More Great Investing Ideas?

Receive News & Ratings for Mosaic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mosaic and related companies with MarketBeat.com's FREE daily email newsletter.