BofA Securities Upgrades Mosaic (NYSE:MOS) to “Buy”

Mosaic (NYSE:MOS) was upgraded by BofA Securities from an “underperform” rating to a “buy” rating in a report released on Monday, Briefing.com Automated Import reports. The firm currently has a $15.00 price target on the basic materials company’s stock, up from their previous price target of $12.00. BofA Securities’ price target indicates a potential upside of 18.58% from the stock’s current price.

A number of other research analysts also recently issued reports on the company. Bank of America raised Mosaic from a “neutral” rating to a “buy” rating and upped their price target for the company from $12.00 to $15.00 in a report on Monday. Royal Bank of Canada reaffirmed a “buy” rating and set a $18.00 price target on shares of Mosaic in a report on Wednesday, March 18th. Credit Suisse Group reaffirmed a “buy” rating and set a $20.00 price target on shares of Mosaic in a report on Wednesday, May 6th. UBS Group reaffirmed a “buy” rating and set a $17.00 price target on shares of Mosaic in a report on Tuesday, May 5th. Finally, Cfra downgraded Mosaic from a “strong-buy” rating to a “hold” rating and lowered their price target for the company from $26.00 to $13.00 in a report on Friday, April 3rd. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $16.94.

NYSE MOS opened at $12.65 on Monday. Mosaic has a 12 month low of $6.50 and a 12 month high of $25.70. The stock has a market cap of $4.74 billion, a P/E ratio of -3.44, a P/E/G ratio of 71.90 and a beta of 1.69. The stock’s fifty day moving average price is $12.41 and its 200-day moving average price is $15.23. The company has a current ratio of 1.29, a quick ratio of 0.70 and a debt-to-equity ratio of 0.53.

Mosaic (NYSE:MOS) last released its earnings results on Monday, May 4th. The basic materials company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. Mosaic had a negative return on equity of 0.53% and a negative net margin of 15.91%. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the prior year, the firm posted $0.25 earnings per share. The company’s quarterly revenue was down 5.3% on a year-over-year basis. As a group, analysts forecast that Mosaic will post 0.02 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of MOS. Rockefeller Capital Management L.P. raised its stake in shares of Mosaic by 86.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,197 shares of the basic materials company’s stock worth $26,000 after buying an additional 555 shares during the period. Whittier Trust Co. raised its stake in shares of Mosaic by 65.3% in the first quarter. Whittier Trust Co. now owns 3,146 shares of the basic materials company’s stock worth $34,000 after buying an additional 1,243 shares during the period. Meeder Asset Management Inc. raised its stake in shares of Mosaic by 879.5% in the fourth quarter. Meeder Asset Management Inc. now owns 1,675 shares of the basic materials company’s stock worth $36,000 after buying an additional 1,504 shares during the period. Fifth Third Bancorp raised its stake in shares of Mosaic by 117.2% in the first quarter. Fifth Third Bancorp now owns 3,356 shares of the basic materials company’s stock worth $36,000 after buying an additional 1,811 shares during the period. Finally, MBE Wealth Management LLC bought a new position in shares of Mosaic in the first quarter worth about $37,000. 72.96% of the stock is currently owned by hedge funds and other institutional investors.

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 International Distribution. 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.

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Analyst Recommendations for Mosaic (NYSE:MOS)

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