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Mosaic to Support Sinochem's Modern Agriculture Platform
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The Mosaic Company (MOS - Free Report) has entered into a memorandum of understanding (“MOU”) with China’s largest agricultural inputs company — Sinochem. Per the MOU, Sinochem plans to buy phosphate rock and phosphate fertilizers from Mosaic, including premium products.
Sinochem is building a Modern Agriculture Platform for China. Mosaic aims to contribute to the significant initiative for Chinese farmers through this partnership. The MOU establishes a mutually beneficial relationship and enables Mosaic to provide expertise and products.
Mosaic’s shares have gained 21.1% in the past year, against the industry’s 8.6% decline.
In November, the company raised adjusted earnings per share (EPS) guidance for 2018, considering strong business performance and lower expected effective tax rate. It expects adjusted EPS in the range of $1.80-$2.00, up from the previous view of $1.45-$1.80. It also expects adjusted EBITDA for 2018 in the range of $1.90-$2 billion, up from the previous view of $1.80-$1.95 billion.
Mosaic is likely to gain from rising global demand for fertilizers. The Vale Fertilizantes acquisition is expected to deliver significant synergies. Additionally, the company is likely to benefit from cost-reduction initiatives and capacity expansion.
Ingevity has an expected earnings growth rate of 21.5% for 2019. The company’s shares have gained 17.9% in the past year.
CF Industries has an expected earnings growth rate of 70.5% for 2019. The company’s shares have moved up 7% in the past year.
Cameco has an expected earnings growth rate of 20% for 2019. Its shares have rallied 26% in a year’s time.
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It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Mosaic to Support Sinochem's Modern Agriculture Platform
The Mosaic Company (MOS - Free Report) has entered into a memorandum of understanding (“MOU”) with China’s largest agricultural inputs company — Sinochem. Per the MOU, Sinochem plans to buy phosphate rock and phosphate fertilizers from Mosaic, including premium products.
Sinochem is building a Modern Agriculture Platform for China. Mosaic aims to contribute to the significant initiative for Chinese farmers through this partnership. The MOU establishes a mutually beneficial relationship and enables Mosaic to provide expertise and products.
Mosaic’s shares have gained 21.1% in the past year, against the industry’s 8.6% decline.
In November, the company raised adjusted earnings per share (EPS) guidance for 2018, considering strong business performance and lower expected effective tax rate. It expects adjusted EPS in the range of $1.80-$2.00, up from the previous view of $1.45-$1.80. It also expects adjusted EBITDA for 2018 in the range of $1.90-$2 billion, up from the previous view of $1.80-$1.95 billion.
Mosaic is likely to gain from rising global demand for fertilizers. The Vale Fertilizantes acquisition is expected to deliver significant synergies. Additionally, the company is likely to benefit from cost-reduction initiatives and capacity expansion.
The Mosaic Company Price and Consensus
The Mosaic Company Price and Consensus | The Mosaic Company Quote
Zacks Rank & Stocks to Consider
Mosaic currently carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the basic materials space is Ingevity Corporation (NGVT - Free Report) , sporting a Zacks Rank #1 (Strong Buy); along with CF Industries Holdings, Inc. (CF - Free Report) and Cameco Corporation (CCJ - Free Report) , carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Ingevity has an expected earnings growth rate of 21.5% for 2019. The company’s shares have gained 17.9% in the past year.
CF Industries has an expected earnings growth rate of 70.5% for 2019. The company’s shares have moved up 7% in the past year.
Cameco has an expected earnings growth rate of 20% for 2019. Its shares have rallied 26% in a year’s time.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>