Mosaic (NYSE:MOS) Stock Price Target Lowered at Mizuho

Mosaic (NYSE:MOS) had its price objective decreased by equities researchers at Mizuho from $25.00 to $22.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the basic materials company’s stock. Mizuho’s price target would suggest a potential upside of 16.92% from the stock’s previous close.

Other analysts also recently issued research reports about the company. KeyCorp started coverage on Mosaic in a research note on Thursday, September 10th. They issued a “sector weight” rating on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Mosaic in a research note on Friday, August 7th. Freedom Capital cut Mosaic from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, August 13th. BNP Paribas Exane dropped their target price on Mosaic from $29.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, July 1st. Finally, Zacks Research raised Mosaic from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st. Six investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.89.

Mosaic Price Performance

Shares of NYSE MOS opened at $18.82 on Tuesday. Mosaic has a fifty-two week low of $18.41 and a fifty-two week high of $32.25. The company has a 50 day simple moving average of $23.33 and a two-hundred day simple moving average of $23.10. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of -9.31, a P/E/G ratio of 5.31 and a beta of 0.91. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.43 and a current ratio of 1.34.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. The firm had revenue of $2.82 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same period last year, the business earned $0.51 earnings per share. The business’s revenue was down 6.0% on a year-over-year basis. Analysts expect that Mosaic will post 0.34 EPS for the current fiscal year.

Insider Transactions at Mosaic

In other Mosaic news, SVP Walter Precourt, III sold 23,000 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $22.12, for a total transaction of $508,760.00. Following the transaction, the senior vice president owned 116,198 shares in the company, valued at approximately $2,570,299.76. This represents a 16.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MOS. Riversedge Advisors LLC bought a new position in Mosaic during the third quarter valued at approximately $201,000. GAMMA Investing LLC boosted its holdings in Mosaic by 38.0% in the third quarter. GAMMA Investing LLC now owns 21,460 shares of the basic materials company’s stock worth $465,000 after purchasing an additional 5,914 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Mosaic by 136.3% in the third quarter. Farther Finance Advisors LLC now owns 15,352 shares of the basic materials company’s stock worth $332,000 after purchasing an additional 8,854 shares during the last quarter. Plan A Wealth LLC boosted its holdings in Mosaic by 4.0% in the third quarter. Plan A Wealth LLC now owns 16,105 shares of the basic materials company’s stock worth $349,000 after purchasing an additional 620 shares during the last quarter. Finally, Ridgewood Investments LLC grew its position in Mosaic by 10.2% in the 3rd quarter. Ridgewood Investments LLC now owns 61,736 shares of the basic materials company’s stock worth $1,337,000 after purchasing an additional 5,724 shares during the period. 77.54% of the stock is owned by hedge funds and other institutional investors.

About Mosaic

The Mosaic Company is a global producer and marketer of concentrated phosphate and potash crop nutrients. Its products are used by farmers to support plant growth, improve yields and replenish essential nutrients in agricultural soils. Mosaic also produces phosphate-based animal feed ingredients and other crop nutrition products.

Mosaic operates an integrated business that includes mining, processing, manufacturing and distribution. Its phosphate operations are primarily located in the United States, while its potash operations include mining assets in Canada and the United States.