Mosaic (NYSE:MOS) Coverage Initiated at Oppenheimer

Research analysts at Oppenheimer began coverage on shares of Mosaic (NYSE:MOS - Get Free Report) in a research report issued on Thursday,Benzinga reports. The firm set a "market perform" rating on the basic materials company's stock.

A number of other analysts have also recently issued reports on MOS. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $30.00 price objective on shares of Mosaic in a research report on Thursday, November 14th. CIBC assumed coverage on shares of Mosaic in a research report on Tuesday. They set a "neutral" rating and a $55.00 price objective for the company. Wells Fargo & Company decreased their price objective on shares of Mosaic from $29.00 to $27.00 and set an "equal weight" rating on the stock in a report on Tuesday, September 24th. Barclays cut their target price on shares of Mosaic from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Friday, October 11th. Finally, Mizuho upped their price target on shares of Mosaic from $28.00 to $29.00 and gave the company a "neutral" rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Mosaic has an average rating of "Hold" and an average target price of $35.40.

Mosaic Stock Down 0.4 %

Shares of NYSE:MOS traded down $0.11 during midday trading on Thursday, hitting $26.66. The stock had a trading volume of 3,667,365 shares, compared to its average volume of 4,366,890. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The business's 50-day simple moving average is $26.46 and its 200-day simple moving average is $27.39. Mosaic has a 12 month low of $24.11 and a 12 month high of $38.30. The company has a market cap of $8.47 billion, a P/E ratio of 23.68, a PEG ratio of 1.77 and a beta of 1.34.

Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.24). The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The business's revenue was down 20.8% on a year-over-year basis. During the same period last year, the business earned $0.68 EPS. On average, sell-side analysts forecast that Mosaic will post 2.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mosaic

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its stake in Mosaic by 34.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,337,124 shares of the basic materials company's stock valued at $183,155,000 after purchasing an additional 1,628,850 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Mosaic by 44.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company's stock valued at $86,189,000 after buying an additional 986,812 shares during the period. Donald Smith & CO. Inc. raised its position in shares of Mosaic by 84.7% in the 2nd quarter. Donald Smith & CO. Inc. now owns 2,083,233 shares of the basic materials company's stock valued at $60,205,000 after buying an additional 955,199 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Mosaic by 40.6% during the 3rd quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company's stock worth $87,817,000 after acquiring an additional 947,500 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Mosaic by 15.1% during the 2nd quarter. AQR Capital Management LLC now owns 3,311,123 shares of the basic materials company's stock worth $95,691,000 after acquiring an additional 435,598 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

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.