Mosaic (NYSE:MOS) Trading 7.1% Higher – Here’s Why

The Mosaic Company (NYSE:MOS) shares traded up 7.1% on Friday . The company traded as high as $22.66 and last traded at $22.58. 5,950,994 shares traded hands during trading, a decline of 33% from the average session volume of 8,831,467 shares. The stock had previously closed at $21.09.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. BNP Paribas Exane dropped their price target on shares of Mosaic from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. The Goldman Sachs Group dropped their price target on shares of Mosaic from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. UBS Group decreased their target price on Mosaic from $27.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, May 12th. BMO Capital Markets decreased their target price on Mosaic from $35.00 to $31.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Finally, Wall Street Zen lowered Mosaic from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Six research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $27.47.

Mosaic Trading Up 7.2%

The firm has a market capitalization of $7.18 billion, a price-to-earnings ratio of 174.21, a price-to-earnings-growth ratio of 2.34 and a beta of 0.79. The business’s fifty day moving average is $23.44 and its 200 day moving average is $25.38. The company has a quick ratio of 0.45, a current ratio of 1.25 and a debt-to-equity ratio of 0.36.

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). The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.93 billion. Mosaic had a net margin of 0.36% and a return on equity of 4.66%. The company’s revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 earnings per share. Equities analysts predict that The Mosaic Company will post 0.83 earnings per share for the current year.

Institutional Investors Weigh In On Mosaic

Institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. lifted its position in Mosaic by 169.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 601 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Mosaic during the 2nd quarter worth approximately $31,000. SJS Investment Consulting Inc. grew its stake in shares of Mosaic by 72.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,245 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 525 shares in the last quarter. Gen Wealth Partners Inc bought a new position in shares of Mosaic during the 4th quarter worth approximately $32,000. Finally, MUFG Securities EMEA plc bought a new position in shares of Mosaic during the 2nd quarter worth approximately $34,000. 77.54% of the stock is owned by institutional investors.

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.