Mosaic (NYSE:MOS) Hits New 12-Month Low – Should You Sell?

The Mosaic Company (NYSE:MOS)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $20.76 and last traded at $20.9150, with a volume of 3781906 shares changing hands. The stock had previously closed at $21.38.

Analyst Ratings Changes

MOS has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Mosaic from $24.00 to $19.00 and set an “underweight” rating for the company in a research report on Tuesday, May 12th. Wells Fargo & Company lowered their price objective on shares of Mosaic from $25.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday, May 14th. BNP Paribas Exane lowered their price objective on shares of Mosaic from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. Mizuho lowered their price objective on shares of Mosaic from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce set a $25.00 price objective on shares of Mosaic in a research report on Tuesday, May 12th. Six research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $27.47.

Mosaic Stock Performance

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’s 50-day simple moving average is $23.52 and its 200-day simple moving average is $25.40. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 162.98, a PEG ratio of 2.52 and a beta of 0.79.

Mosaic (NYSE:MOS) last announced 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 net margin of 0.36% and a return on equity of 4.66%. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same quarter last year, the company posted $0.49 earnings per share. The company’s revenue was up 14.4% compared to the same quarter last year. On average, analysts expect that The Mosaic Company will post 0.83 EPS for the current year.

Institutional Investors Weigh In On Mosaic

A number of institutional investors have recently modified their holdings of MOS. NewEdge Advisors LLC boosted its stake in shares of Mosaic by 27.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 380 shares during the last quarter. United Services Automobile Association bought a new stake in shares of Mosaic in the 1st quarter valued at $201,000. Empowered Funds LLC boosted its stake in shares of Mosaic by 170.5% in the 1st quarter. Empowered Funds LLC now owns 54,176 shares of the basic materials company’s stock valued at $1,463,000 after purchasing an additional 34,151 shares during the last quarter. Woodline Partners LP boosted its stake in shares of Mosaic by 40.7% in the 1st quarter. Woodline Partners LP now owns 26,836 shares of the basic materials company’s stock valued at $725,000 after purchasing an additional 7,760 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of 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 purchasing an additional 601 shares during the last quarter. 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.