Oppenheimer Reaffirms “Outperform” Rating for Mosaic (NYSE:MOS)

Mosaic (NYSE:MOS)‘s stock had its “outperform” rating reiterated by research analysts at Oppenheimer in a research note issued on Tuesday, Marketbeat.com reports. They currently have a $43.00 price target on the basic materials company’s stock, up from their previous price target of $39.00. Oppenheimer’s price target would indicate a potential upside of 21.10% from the stock’s previous close.

Several other equities analysts have also weighed in on MOS. Wall Street Zen upgraded Mosaic from a “hold” rating to a “buy” rating in a report on Saturday, July 5th. Wells Fargo & Company raised their price target on Mosaic from $28.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, May 12th. Piper Sandler reaffirmed a “neutral” rating and issued a $30.00 price target on shares of Mosaic in a research report on Thursday, March 27th. BNP Paribas raised Mosaic to a “strong-buy” rating in a research report on Wednesday, April 9th. Finally, Barclays lifted their target price on Mosaic from $40.00 to $46.00 and gave the stock an “overweight” rating in a research report on Monday, July 7th. Six analysts have rated the stock with a hold rating, seven have issued 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 an average price target of $35.33.

Mosaic Trading Down 1.1%

NYSE:MOS opened at $35.51 on Tuesday. Mosaic has a 52-week low of $22.36 and a 52-week high of $38.23. The stock’s 50 day moving average price is $35.66 and its 200 day moving average price is $29.74. The company has a quick ratio of 0.44, a current ratio of 1.12 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $11.26 billion, a PE ratio of 30.61, a P/E/G ratio of 2.09 and a beta of 1.12.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. Mosaic had a return on equity of 4.91% and a net margin of 3.32%. The company had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. On average, research analysts anticipate that Mosaic will post 2.04 EPS for the current year.

Insiders Place Their Bets

In related 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 of the company’s stock, valued at approximately $4,592,948.58. This represents a 12.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Mosaic

A number of institutional investors and hedge funds have recently modified their holdings of the company. Signaturefd LLC raised its holdings in Mosaic by 39.6% in the 2nd quarter. Signaturefd LLC now owns 4,972 shares of the basic materials company’s stock valued at $181,000 after acquiring an additional 1,411 shares during the period. ORG Partners LLC increased its holdings in shares of Mosaic by 712.0% during the second quarter. ORG Partners LLC now owns 1,218 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 1,068 shares during the period. Patton Fund Management Inc. bought a new position in shares of Mosaic during the second quarter worth approximately $276,000. Sylvest Advisors LLC increased its holdings in shares of Mosaic by 19.8% during the second quarter. Sylvest Advisors LLC now owns 20,992 shares of the basic materials company’s stock worth $766,000 after purchasing an additional 3,470 shares during the period. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Mosaic by 0.6% during the second quarter. Public Employees Retirement System of Ohio now owns 105,299 shares of the basic materials company’s stock worth $3,841,000 after purchasing an additional 585 shares during the period. 77.54% of the stock is owned by 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.