Mosaic (NYSE:MOS) Rating Lowered to Underweight at JPMorgan Chase & Co.

Mosaic (NYSE:MOS) was downgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a report issued on Thursday, MarketBeat Ratings reports. They presently have a $24.00 price target on the basic materials company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 13.62% from the company’s current price.

Several other equities research analysts also recently weighed in on MOS. Royal Bank Of Canada upped their target price on shares of Mosaic from $27.00 to $29.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 20th. The Goldman Sachs Group upped their price objective on Mosaic from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Wells Fargo & Company reduced their price objective on Mosaic from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday, January 23rd. UBS Group lowered their target price on Mosaic from $38.00 to $33.00 and set a “buy” rating for the company in a research note on Monday, January 12th. Finally, Canadian Imperial Bank of Commerce cut their price target on Mosaic from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Mosaic presently has a consensus rating of “Hold” and a consensus price target of $31.13.

Mosaic Price Performance

MOS stock opened at $27.79 on Thursday. The business’s fifty day moving average price is $27.21 and its 200 day moving average price is $28.74. Mosaic has a 12-month low of $22.36 and a 12-month high of $38.23. The company has a market capitalization of $8.82 billion, a PE ratio of 16.44, a P/E/G ratio of 1.26 and a beta of 0.97. The company has a current ratio of 1.32, a quick ratio of 0.40 and a debt-to-equity ratio of 0.35.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.26). The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.02 billion. Mosaic had a net margin of 4.49% and a return on equity of 5.80%. The business’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share. On average, sell-side analysts anticipate that Mosaic will post 2.04 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. First Horizon Advisors Inc. lifted its position in Mosaic by 172.5% in the second quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 433 shares during the last quarter. Rothschild Investment LLC grew its stake in Mosaic by 650.0% during the 2nd quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock worth $27,000 after buying an additional 650 shares during the last quarter. Rexford Capital Inc. acquired a new position in Mosaic during the second quarter worth approximately $28,000. True Wealth Design LLC lifted its stake in Mosaic by 1,819.0% in the third quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock valued at $28,000 after buying an additional 764 shares during the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Mosaic in the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Company Profile

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.