Mosaic (NYSE:MOS) Trading Down 6.1% After Analyst Downgrade

The Mosaic Company (NYSE:MOS)’s stock price fell 6.1% during trading on Tuesday after BMO Capital Markets lowered their price target on the stock from $31.00 to $30.00. BMO Capital Markets currently has an outperform rating on the stock. Mosaic traded as low as $20.93 and last traded at $21.0660. Approximately 4,511,440 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 9,042,063 shares. The stock had previously closed at $22.44.

MOS has been the subject of a number of other research reports. Wall Street Zen cut Mosaic from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Canadian Imperial Bank of Commerce set a $25.00 price objective on Mosaic in a research note on Tuesday, May 12th. Wells Fargo & Company lowered their price objective on Mosaic from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 14th. BNP Paribas Exane cut their price objective on Mosaic from $30.00 to $29.00 and set an “outperform” rating for the company in a research note on Monday, June 15th. Finally, Rothschild & Co Redburn started coverage on shares of Mosaic in a report on Friday. They issued a “buy” rating and a $30.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Mosaic has a consensus rating of “Hold” and a consensus price target of $27.22.

Institutional Investors Weigh In On Mosaic

A number of institutional investors and hedge funds have recently bought and sold shares of MOS. Brandywine Financial Group purchased a new stake in shares of Mosaic during the first quarter worth about $6,757,000. NewEdge Advisors LLC lifted its holdings in Mosaic by 757.5% in the 1st quarter. NewEdge Advisors LLC now owns 11,370 shares of the basic materials company’s stock worth $290,000 after purchasing an additional 10,044 shares in the last quarter. Verus Capital Partners LLC purchased a new position in Mosaic in the 1st quarter worth approximately $218,000. Essential Partners LLC boosted its stake in Mosaic by 81.0% in the 1st quarter. Essential Partners LLC now owns 3,569 shares of the basic materials company’s stock worth $91,000 after purchasing an additional 1,597 shares during the period. Finally, Bank of America Corp DE boosted its stake in Mosaic by 7.4% in the 1st quarter. Bank of America Corp DE now owns 2,486,973 shares of the basic materials company’s stock worth $63,418,000 after purchasing an additional 170,724 shares during the period. 77.54% of the stock is owned by institutional investors.

Mosaic Stock Performance

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.45 and a current ratio of 1.25. The business’s fifty day simple moving average is $22.65 and its 200-day simple moving average is $25.21. The firm has a market capitalization of $6.64 billion, a PE ratio of 162.59, a price-to-earnings-growth ratio of 2.65 and a beta of 0.79.

Mosaic (NYSE:MOS) last released its earnings results on Monday, May 11th. The basic materials company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.15). Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same period last year, the firm posted $0.49 EPS. Mosaic’s quarterly revenue was up 14.4% compared to the same quarter last year. As a group, equities research analysts expect that The Mosaic Company will post 0.83 EPS for the current year.

About Mosaic

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.