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

Mosaic (NYSE:MOS) had its price objective cut by investment analysts at BMO Capital Markets from $35.00 to $31.00 in a research report issued to clients and investors on Thursday,MarketScreener reports. The firm currently has an “outperform” rating on the basic materials company’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 42.61% from the company’s previous close.

Several other research firms have also commented on MOS. Barclays lowered their price objective on Mosaic from $31.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday. Freedom Capital cut shares of Mosaic from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 19th. Morgan Stanley lowered their price target on shares of Mosaic from $35.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Wall Street Zen lowered shares of Mosaic from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Finally, Bank of America downgraded shares of Mosaic from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $33.00 to $30.00 in a research report on Friday, March 20th. Six equities 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.65.

Mosaic Stock Performance

Shares of NYSE MOS traded down $0.12 during trading on Thursday, reaching $21.74. 632,043 shares of the company traded hands, compared to its average volume of 8,843,313. The stock has a market cap of $6.90 billion, a P/E ratio of 167.54, a PEG ratio of 1.91 and a beta of 0.79. The firm’s fifty day simple moving average is $24.76 and its 200 day simple moving average is $25.72. The company has a current ratio of 1.25, a quick ratio of 0.45 and a debt-to-equity ratio of 0.36. Mosaic has a 12-month low of $20.89 and a 12-month high of $38.23.

Mosaic (NYSE:MOS) last issued its earnings results on Monday, May 11th. The basic materials company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.93 billion. Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.49 EPS. As a group, research analysts anticipate that Mosaic will post 1.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mosaic

Several hedge funds and other institutional investors have recently made changes to their positions in MOS. CYBER HORNET ETFs LLC purchased a new stake in shares of Mosaic during the second quarter worth approximately $31,000. MUFG Securities EMEA plc purchased a new position in Mosaic in the 2nd quarter valued at $34,000. Geneos Wealth Management Inc. boosted its stake in Mosaic by 169.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 601 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Mosaic by 57.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,135 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 415 shares during the last quarter. Finally, Foster Dykema Cabot & Partners LLC grew its holdings in shares of Mosaic by 54.3% during the third quarter. Foster Dykema Cabot & Partners LLC now owns 1,157 shares of the basic materials company’s stock worth $40,000 after buying an additional 407 shares in the last quarter. 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.