Mosaic Co. (MOS) Trading Down 2.6%
Mosaic Co. (NYSE:MOS)’s share price dropped 2.6% on Friday . The company traded as low as $27.38 and last traded at $27.38, with a volume of 2,878,393 shares traded. The stock had previously closed at $28.11.
A number of equities research analysts recently commented on MOS shares. Barclays PLC lowered Mosaic from an “equal weight” rating to an “underweight” rating and set a $22.00 price target for the company. in a research report on Tuesday, April 19th. Credit Suisse Group AG reissued a “hold” rating on shares of Mosaic in a research report on Wednesday, July 13th. Cowen and Company lowered Mosaic from a “market perform” rating to an “underperform” rating and set a $23.00 price target for the company. in a research report on Thursday, April 14th. Citigroup Inc. lowered their price target on Mosaic from $27.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, July 7th. Finally, Morgan Stanley reissued a “hold” rating on shares of Mosaic in a research report on Thursday, June 16th. Nine equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of €29.18 ($32.43).
The firm’s 50 day moving average is $27.25 and its 200-day moving average is $26.67. The firm has a market cap of $9.52 billion and a PE ratio of 17.13.
Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.06. During the same period in the prior year, the company earned $1.05 EPS. The firm earned $1.70 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Mosaic’s revenue was down 32.7% on a year-over-year basis. Equities analysts forecast that Mosaic Co. will post $0.48 earnings per share for the current year.
In other news, VP Anthony T. Brausen sold 19,716 shares of the business’s stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of €25.72 ($28.58), for a total value of €507,095.52 ($563,439.47). Following the completion of the transaction, the vice president now owns 46,607 shares in the company, valued at €1,198,732.04 ($1,331,924.49). The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
A number of hedge funds have recently bought and sold shares of MOS. Airain ltd purchased a new stake in Mosaic during the fourth quarter worth approximately $1,064,000. Flippin Bruce & Porter Inc. boosted its stake in Mosaic by 11.3% in the fourth quarter. Flippin Bruce & Porter Inc. now owns 36,752 shares of the company’s stock worth $1,014,000 after buying an additional 3,745 shares during the period. Dimensional Fund Advisors LP boosted its stake in Mosaic by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,481,441 shares of the company’s stock worth $96,076,000 after buying an additional 32,456 shares during the period. Investment Management of Virginia LLC purchased a new stake in Mosaic during the fourth quarter worth approximately $2,278,000. Finally, Trexquant Investment LP purchased a new stake in Mosaic during the fourth quarter worth approximately $1,090,000.
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company’s segments include Phosphates, Potash and International Distribution. Its Phosphates Segment sells phosphate-based crop nutrients and animal feed ingredients throughout North America and internationally.
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