Citigroup Maintains Mosaic Co to Neutral with Price Target $28.00

Brokerage firm Citigroup Maintains its rating on Mosaic Co(NYSE:MOS). In a research note issued to the investors, the brokerage major Raises the price-target to $28.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Aug 5, 2016.

In a different note, On Aug 4, 2016, Citigroup said it Maintains its rating on Mosaic Co. In the research note, the firm Raises the price-target to $26.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 3, 2016, Credit Suisse said it Downgrades its rating on Mosaic Co. The shares have been rated ‘Underperform’ by the firm. On Aug 3, 2016, UBS said it Maintains its rating on Mosaic Co. In the research note, the firm Lowers the price-target to $32.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 13, 2016, RBC Capital said it Downgrades its rating on Mosaic Co. The shares have been rated ‘Sector Perform’ by the firm. On Jul 7, 2016, Citigroup said it Maintains its rating on Mosaic Co. In the research note, the firm Lowers the price-target to $27.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 31, 2016, Stifel Nicolaus said it Downgrades its rating on Mosaic Co. The shares have been rated ‘Hold’ by the firm.

Mosaic Co (MOS) shares turned negative on Wednesdays trading session with the shares closing down -0.27 points or -0.96% at a volume of 46,16,908. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $27.97. The peak price level was also seen at $27.97 while the days lowest was $27.365. Finally the shares closed at $27.8. The 52-week high of the shares is $43.85 while the 52-week low is $22.02. According to the latest information available, the market cap of the company is $9,735 M.

Mosaic Co(MOS) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.68B. Analysts had an estimated revenue of $1.77B. Earnings per share were $0.06. Analysts had estimated an EPS of $0.14.

Several Insider Transactions has been reported to the SEC. On Jun 6, 2016, Anthony T Brausen (Senior VP -Finance) sold 19,716 shares at $25.72 per share price.Also, On May 16, 2016, Richard L Mack (EVP, Chief Financial Officer) sold 36,629 shares at $25.62 per share price.On Mar 16, 2016, Gregory L Ebel (director) purchased 9,000 shares at $29.56 per share price, according to the Form-4 filing with the securities and exchange commission.

The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company is a single source supplier of phosphate and potash-based crop nutrients and animal feed ingredients. It operates in two segments. 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. The Potash segment owns and operates potash mines and production facilities in Canada and the United States which produce potash-based crop nutrients animal feed ingredients and industrial products. It mines phosphate rock in Florida and process rock into finished phosphate products at facilities in Florida and Louisiana. It also mines potash in Saskatchewan and New Mexico. The Company has other production blending or distribution operations in Brazil China India and Paraguay.

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