Mosaic (NYSE:MOS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
According to Zacks, “Mosaic is well placed to gain from strong global demand for fertilizers. Moreover, the acquisition of Vale Fertilizantes will help the company to capitalize on the rapidly growing Brazilian agricultural market. The buyout is also expected to deliver significant synergies. Mosaic should also benefit from its cost reduction measures and its efforts to boost production capacity. However, Mosaic is exposed to a challenging operating environment in the agriculture space. The company also faces headwinds from the unfavorable impacts of Hurricane Irma. It has also underperformed the industry it belongs to over a year.”
MOS has been the topic of several other reports. Stifel Nicolaus reissued a “hold” rating and set a $24.00 price objective on shares of Mosaic in a research report on Thursday, October 12th. BMO Capital Markets reissued a “market perform” rating and set a $25.00 price objective (up from $23.00) on shares of Mosaic in a research report on Friday, October 6th. Citigroup increased their price objective on shares of Mosaic from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, November 2nd. Scotiabank raised shares of Mosaic from an “underperform” rating to a “sector perform” rating in a research report on Wednesday, November 1st. Finally, Cowen increased their price objective on shares of Mosaic from $21.00 to $24.00 and gave the company a “market perform” rating in a research report on Wednesday, November 22nd. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $24.68.
Shares of Mosaic (NYSE MOS) opened at $27.22 on Friday. Mosaic has a 1 year low of $19.23 and a 1 year high of $34.36. The company has a market cap of $9,560.00, a PE ratio of 28.65, a P/E/G ratio of 2.67 and a beta of 1.31. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.90 and a current ratio of 1.78.
Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.18. Mosaic had a net margin of 4.68% and a return on equity of 3.61%. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the prior year, the firm posted $0.41 EPS. Mosaic’s revenue for the quarter was up 1.7% on a year-over-year basis. equities analysts predict that Mosaic will post 1.01 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in MOS. YorkBridge Wealth Partners LLC boosted its holdings in shares of Mosaic by 13,636.4% during the 3rd quarter. YorkBridge Wealth Partners LLC now owns 6,044 shares of the basic materials company’s stock valued at $130,000 after acquiring an additional 6,000 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Mosaic by 8.7% in the 2nd quarter. Pacer Advisors Inc. now owns 7,366 shares of the basic materials company’s stock worth $168,000 after purchasing an additional 587 shares during the period. Westover Capital Advisors LLC bought a new position in shares of Mosaic in the 2nd quarter worth approximately $218,000. Koch Industries Inc. bought a new position in shares of Mosaic in the 2nd quarter worth approximately $225,000. Finally, Captrust Financial Advisors bought a new position in shares of Mosaic in the 2nd quarter worth approximately $238,000. 76.77% of the stock is currently owned by hedge funds and other institutional investors.
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Mosaic Company Profile
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.
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