Scotiabank analyst Ben Isaacson maintained a Buy rating on Mosaic Co (MOS – Research Report) today and set a price target of $40.00. The company’s shares opened today at $28.62.
Isaacson covers the Basic Materials sector, focusing on stocks such as Methanex, Sociedad Quimica Y Minera SA, and West Fraser Timber Co. According to TipRanks, Isaacson has an average return of 8.0% and a 47.93% success rate on recommended stocks.
In addition to Scotiabank, Mosaic Co also received a Buy from Barclays’s Benjamin Theurer in a report issued today. However, on the same day, Stifel Nicolaus maintained a Hold rating on Mosaic Co (NYSE: MOS).
Based on Mosaic Co’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.15 billion and a net profit of $365.3 million. In comparison, last year the company earned a revenue of $4.48 billion and had a net profit of $523.2 million
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Mosaic Co (MOS) Company Description:
The Mosaic Co. engages in the production and marketing of concentrated phosphate and potash crop nutrients. The company operates its businesses through its wholly and majority owned subsidiaries. It operates through the following segments: Phosphates, Potash, and Mosaic Fertilizantes. The Phosphates segment owns and operates mines and production facilities in North America which produces concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and concentrated crop nutrients. The Potash segment owns and operates potash mines and production facilities in North America which produce potash-based crop nutrients, animal feed ingredients, and industrial products. The Mosaic Fertilizantes segment produces and sell phosphate and potash-based crop nutrients, and animal feed ingredients, in Brazil. The company was founded on October 22, 2004 and is headquartered in Plymouth, MN.
