Mosaic Company (The) (MOS) Now Covered by HSBC Holdings plc

HSBC Holdings plc assumed coverage on shares of Mosaic Company (The) (NYSE:MOS) in a report released on Wednesday. The firm set a “buy” rating on the basic materials company’s stock.

Several other analysts have also recently weighed in on MOS. Piper Jaffray Companies set a $23.00 price objective on shares of Mosaic Company (The) and gave the stock a “hold” rating in a research note on Friday, October 6th. Stifel Nicolaus set a $24.00 price objective on shares of Mosaic Company (The) and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada decreased their price objective on shares of Mosaic Company (The) from $25.00 to $23.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 2nd. Morgan Stanley decreased their price objective on shares of Mosaic Company (The) from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Monday, August 7th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $25.00 price objective (up from $23.00) on shares of Mosaic Company (The) in a research note on Friday, October 6th. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $24.38.

Mosaic Company (NYSE MOS) opened at 20.92 on Wednesday. Mosaic Company has a 12 month low of $19.23 and a 12 month high of $34.36. The firm has a market capitalization of $7.34 billion, a P/E ratio of 49.81 and a beta of 1.29. The stock’s 50 day moving average price is $20.62 and its 200 day moving average price is $23.23.

Mosaic Company (The) (NYSE:MOS) last issued its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.04. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Mosaic Company (The) had a net margin of 2.07% and a return on equity of 3.31%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 earnings per share. On average, analysts forecast that Mosaic Company will post $0.74 earnings per share for the current year.

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In other news, Director Robert L. Lumpkins bought 7,000 shares of the business’s stock in a transaction on Monday, August 21st. The shares were bought at an average cost of $19.94 per share, for a total transaction of $139,580.00. Following the completion of the acquisition, the director now owns 9,339 shares in the company, valued at approximately $186,219.66. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.38% of the company’s stock.

Large investors have recently modified their holdings of the stock. Pacer Advisors Inc. raised its holdings in shares of Mosaic Company (The) by 8.7% during the second quarter. Pacer Advisors Inc. now owns 7,366 shares of the basic materials company’s stock worth $168,000 after acquiring an additional 587 shares during the period. CrestPoint Capital Management LLC acquired a new stake in shares of Mosaic Company (The) during the second quarter worth $208,000. Greenwood Capital Associates LLC raised its holdings in shares of Mosaic Company (The) by 30.5% during the second quarter. Greenwood Capital Associates LLC now owns 9,445 shares of the basic materials company’s stock worth $216,000 after acquiring an additional 2,210 shares during the period. Westover Capital Advisors LLC acquired a new stake in shares of Mosaic Company (The) during the second quarter worth $218,000. Finally, Koch Industries Inc. acquired a new stake in shares of Mosaic Company (The) during the second quarter worth $225,000. Institutional investors and hedge funds own 77.00% of the company’s stock.

Mosaic Company (The) Company Profile

The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.

Analyst Recommendations for Mosaic Company (The) (NYSE:MOS)

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