Mosaic Company (The) (NYSE:MOS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Monday.

According to Zacks, “Mosaic’s adjusted earnings and sales for second-quarter 2017 beat the respective Zacks Consensus Estimate. However, the company’s phosphate volume guidance for the third quarter reflects a decline on a sequential comparison basis. It has also narrowed its volume guidance for phosphate and potash for full-year 2017. Mosaic has underperformed the industry it belongs to over a year. The company is exposed to a difficult pricing environment. Lower pricing is hurting sales and margins in its phosphate business and is expected to remain a headwind in the third quarter. Mosaic also faces a challenging operating environment in the agriculture space.”

A number of other equities research analysts have also weighed in on the stock. Stifel Nicolaus set a $24.00 target price on shares of Mosaic Company (The) and gave the company a “hold” rating in a research note on Wednesday, August 2nd. BMO Capital Markets reiterated a “market perform” rating and set a $25.00 target price (down from $26.00) on shares of Mosaic Company (The) in a research note on Wednesday, August 2nd. Royal Bank Of Canada decreased their target price on shares of Mosaic Company (The) from $25.00 to $23.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 2nd. BidaskClub lowered shares of Mosaic Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Citigroup Inc. decreased their target price on shares of Mosaic Company (The) from $27.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, July 12th. Seven analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.38.

Mosaic Company (NYSE:MOS) opened at 22.39 on Monday. The company has a market capitalization of $7.86 billion, a price-to-earnings ratio of 53.31 and a beta of 1.24. The firm’s 50-day moving average price is $23.32 and its 200 day moving average price is $26.87. Mosaic Company has a one year low of $21.78 and a one year high of $34.36.

Mosaic Company (The) (NYSE:MOS) last announced its earnings results on Tuesday, August 1st. The basic materials company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. Mosaic Company (The) had a net margin of 2.07% and a return on equity of 3.31%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 EPS. On average, equities research analysts expect that Mosaic Company will post $1.07 earnings per share for the current fiscal year.

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In related news, Director Nancy E. Cooper sold 1,100 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $23.39, for a total value of $25,729.00. Following the completion of the transaction, the director now owns 8,260 shares of the company’s stock, valued at approximately $193,201.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.38% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Turner Investments LLC purchased a new position in shares of Mosaic Company (The) during the first quarter valued at $158,000. Bronfman E.L. Rothschild L.P. increased its position in shares of Mosaic Company (The) by 878.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 6,007 shares of the basic materials company’s stock valued at $175,000 after buying an additional 5,393 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Mosaic Company (The) by 3.6% in the first quarter. Pacer Advisors Inc. now owns 6,779 shares of the basic materials company’s stock valued at $198,000 after buying an additional 234 shares in the last quarter. Greenwood Capital Associates LLC purchased a new position in shares of Mosaic Company (The) during the first quarter valued at $211,000. Finally, Investment Centers of America Inc. increased its position in shares of Mosaic Company (The) by 1.7% in the first quarter. Investment Centers of America Inc. now owns 8,121 shares of the basic materials company’s stock valued at $238,000 after buying an additional 132 shares in the last quarter. 82.40% of the stock is owned by institutional investors.

Mosaic Company (The) Company Profile

The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. 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.

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Analyst Recommendations for Mosaic Company (The) (NYSE:MOS)

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