BMO Capital Markets Issues Pessimistic Forecast for Mosaic (NYSE:MOS) Stock Price

Mosaic (NYSE:MOS) had its price objective dropped by equities researchers at BMO Capital Markets from $31.00 to $30.00 in a research note issued on Tuesday,MarketScreener reports. The brokerage presently has an “outperform” rating on the basic materials company’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 38.69% from the stock’s previous close.

MOS has been the topic of several other reports. Zacks Research downgraded Mosaic from a “hold” rating to a “strong sell” rating in a research note on Friday, June 19th. JPMorgan Chase & Co. reduced their price objective on Mosaic from $24.00 to $19.00 and set an “underweight” rating for the company in a research note on Tuesday, May 12th. UBS Group decreased their price objective on shares of Mosaic from $27.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 12th. Weiss Ratings cut shares of Mosaic from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, May 12th. Finally, Canadian Imperial Bank of Commerce set a $25.00 target price on shares of Mosaic in a report on Tuesday, May 12th. One investment 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $27.22.

Mosaic Stock Down 3.6%

MOS traded down $0.81 during trading on Tuesday, reaching $21.63. The stock had a trading volume of 1,560,861 shares, compared to its average volume of 9,031,555. The company has a current ratio of 1.25, a quick ratio of 0.45 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 164.65, a P/E/G ratio of 2.65 and a beta of 0.79. The stock’s 50 day moving average is $22.65 and its two-hundred day moving average is $25.21. Mosaic has a one year low of $19.80 and a one year high of $38.23.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Monday, May 11th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.15). Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter in the previous year, the business earned $0.49 earnings per share. The firm’s revenue was up 14.4% compared to the same quarter last year. As a group, analysts expect that Mosaic will post 0.83 earnings per share for the current year.

Institutional Trading of Mosaic

Large investors have recently bought and sold shares of the stock. Dorsey Wright & Associates purchased a new position in Mosaic during the 3rd quarter worth approximately $4,170,000. Wedge Capital Management L L P NC increased its stake in shares of Mosaic by 87.5% in the fourth quarter. Wedge Capital Management L L P NC now owns 376,905 shares of the basic materials company’s stock worth $9,080,000 after acquiring an additional 175,914 shares during the period. Barclays PLC raised its holdings in shares of Mosaic by 55.6% during the third quarter. Barclays PLC now owns 1,606,609 shares of the basic materials company’s stock worth $55,717,000 after purchasing an additional 574,352 shares during the last quarter. Algert Global LLC raised its stake in shares of Mosaic by 26.3% during the 3rd quarter. Algert Global LLC now owns 380,138 shares of the basic materials company’s stock valued at $13,183,000 after buying an additional 79,222 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Mosaic during the fourth quarter worth about $1,302,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

About Mosaic

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.