Wall Street Zen Upgrades Mosaic (NYSE:MOS) to Sell

Mosaic (NYSE:MOS) was upgraded by Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued on Saturday.

Several other equities analysts have also issued reports on MOS. Scotiabank reaffirmed an “outperform” rating and issued a $30.00 target price on shares of Mosaic in a report on Tuesday, May 19th. Royal Bank Of Canada raised Mosaic from a “sector perform” rating to an “outperform” rating and cut their price objective for the stock from $28.00 to $27.00 in a research report on Wednesday, May 13th. BNP Paribas Exane reduced their price objective on Mosaic from $29.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday. Canadian Imperial Bank of Commerce set a $25.00 target price on Mosaic in a research report on Tuesday, May 12th. Finally, Barclays lowered their target price on Mosaic from $31.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Mosaic currently has a consensus rating of “Hold” and a consensus price target of $27.11.

Mosaic Stock Down 0.2%

Mosaic stock opened at $21.09 on Friday. Mosaic has a fifty-two week low of $19.80 and a fifty-two week high of $38.23. 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 firm’s 50-day simple moving average is $22.40 and its 200 day simple moving average is $25.10. The stock has a market cap of $6.70 billion, a PE ratio of 162.28, a price-to-earnings-growth ratio of 2.51 and a beta of 0.82.

Mosaic (NYSE:MOS) last posted its quarterly earnings data 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 net margin of 0.36% and a return on equity of 4.66%. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter last year, the business posted $0.49 EPS. The company’s quarterly revenue was up 14.4% on a year-over-year basis. Research analysts predict that Mosaic will post 0.83 EPS for the current fiscal year.

Hedge Funds Weigh In On Mosaic

Several institutional investors have recently bought and sold shares of MOS. Cary Street Partners Financial LLC increased its position in Mosaic by 2.0% in the fourth quarter. Cary Street Partners Financial LLC now owns 19,604 shares of the basic materials company’s stock worth $472,000 after buying an additional 380 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Mosaic by 27.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock valued at $47,000 after buying an additional 380 shares during the last quarter. Foster Dykema Cabot & Partners LLC grew its stake in shares of Mosaic by 54.3% during the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 1,157 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 407 shares during the period. Pinnacle Associates Ltd. grew its stake in shares of Mosaic by 0.9% during the 3rd quarter. Pinnacle Associates Ltd. now owns 47,593 shares of the basic materials company’s stock worth $1,651,000 after acquiring an additional 432 shares during the period. Finally, Asset Management One Co. Ltd. increased its holdings in Mosaic by 4.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 11,914 shares of the basic materials company’s stock worth $287,000 after acquiring an additional 461 shares during the last quarter. Hedge funds and other institutional investors 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.