Mosaic Company (The) (MOS) Downgraded by Zacks Investment Research to Hold
Mosaic Company (The) (NYSE:MOS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
According to Zacks, “Mosaic saw its profits surge year over year in the third quarter, driven by strong operational performance and healthy demand for its products. Both revenues and adjusted earnings topped the respective Zacks Consensus Estimate. Mosaic is well placed to gain from strong global demand for fertilizers. Moreover, the acquisition of Vale Fertilizantes will help the company to capitalize on the rapidly growing Brazilian agricultural market. The buyout is also expected to deliver significant synergies. Mosaic should also benefit from its cost reduction measures and its efforts to boost production capacity. However, Mosaic is exposed to a challenging operating environment in the agriculture space. The company also faces headwinds from the unfavorable impacts of Hurricane Irma. Mosaic has also underperformed the industry it belongs to over a year.”
A number of other analysts have also weighed in on MOS. Citigroup Inc. lowered their target price on Mosaic Company (The) from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Wednesday, July 12th. Royal Bank Of Canada restated a “hold” rating and set a $26.00 target price on shares of Mosaic Company (The) in a report on Wednesday, July 12th. Stifel Nicolaus reaffirmed a “hold” rating and set a $27.00 price target on shares of Mosaic Company (The) in a research report on Friday, July 14th. BidaskClub downgraded Mosaic Company (The) from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $25.00 price target (down from $26.00) on shares of Mosaic Company (The) in a research report on Wednesday, August 2nd. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of C$23.91.
Mosaic Company (NYSE:MOS) traded up C$0.11 during trading on Tuesday, reaching C$22.49. The company’s stock had a trading volume of 4,775,506 shares, compared to its average volume of 3,940,000. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.90 and a current ratio of 1.78. The stock has a market capitalization of $7,880.00, a price-to-earnings ratio of 21.94, a P/E/G ratio of 2.67 and a beta of 1.27. Mosaic Company has a one year low of C$19.23 and a one year high of C$34.36.
Mosaic Company (The) (NYSE:MOS) last posted its earnings results on Tuesday, October 31st. The company reported C$0.43 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.25 by C$0.18. The company had revenue of C$1.98 billion during the quarter, compared to analyst estimates of C$1.93 billion. Mosaic Company (The) had a return on equity of 3.61% and a net margin of 4.68%. Mosaic Company (The)’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 earnings per share. research analysts anticipate that Mosaic Company will post 0.88 earnings per share for the current year.
In other news, Director Robert L. Lumpkins bought 7,000 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were purchased at an average cost of C$19.94 per share, with a total value of C$139,580.00. Following the transaction, the director now directly owns 9,339 shares in the company, valued at C$186,219.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.38% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in MOS. YorkBridge Wealth Partners LLC grew its position in Mosaic Company (The) by 13,636.4% during the 3rd quarter. YorkBridge Wealth Partners LLC now owns 6,044 shares of the company’s stock worth $130,000 after purchasing an additional 6,000 shares during the period. Pacer Advisors Inc. grew its position in Mosaic Company (The) by 8.7% during the 2nd quarter. Pacer Advisors Inc. now owns 7,366 shares of the company’s stock worth $168,000 after purchasing an additional 587 shares during the period. CrestPoint Capital Management LLC acquired a new stake in Mosaic Company (The) during the 2nd quarter worth about $208,000. Greenwood Capital Associates LLC grew its position in Mosaic Company (The) by 30.5% during the 2nd quarter. Greenwood Capital Associates LLC now owns 9,445 shares of the company’s stock worth $216,000 after purchasing an additional 2,210 shares during the period. Finally, Westover Capital Advisors LLC acquired a new stake in Mosaic Company (The) during the 2nd quarter worth about $218,000. 77.81% of the stock is currently 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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