UBS Group Downgrades Mosaic (NYSE:MOS) to Neutral

Mosaic (NYSE:MOS) was downgraded by UBS Group from a “buy” rating to a “neutral” rating in a research report issued on Thursday. They presently have a $27.00 target price on the basic materials company’s stock. UBS Group’s price target points to a potential upside of 3.37% from the company’s current price.

Other research analysts have also recently issued reports about the company. Wolfe Research reduced their price objective on Mosaic from $37.00 to $36.00 and set an “outperform” rating for the company in a research note on Thursday, February 26th. JPMorgan Chase & Co. lowered Mosaic from a “neutral” rating to an “underweight” rating and set a $24.00 target price on the stock. in a research report on Thursday, February 26th. Oppenheimer set a $35.00 price target on shares of Mosaic in a report on Friday, January 16th. Morgan Stanley decreased their price objective on shares of Mosaic from $35.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, February 26th. Finally, Weiss Ratings raised shares of Mosaic from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, March 20th. Four analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $30.38.

Mosaic Trading Up 3.7%

NYSE:MOS opened at $26.12 on Thursday. The company has a market capitalization of $8.29 billion, a P/E ratio of 15.46, a PEG ratio of 2.57 and a beta of 0.95. The company has a current ratio of 1.32, a quick ratio of 0.47 and a debt-to-equity ratio of 0.35. Mosaic has a 12 month low of $22.36 and a 12 month high of $38.23. The firm has a fifty day simple moving average of $27.93 and a 200-day simple moving average of $27.99.

Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26). Mosaic had a return on equity of 5.80% and a net margin of 4.49%.The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter last year, the business earned $0.45 EPS. The business’s revenue was up 5.6% on a year-over-year basis. On average, equities research analysts anticipate that Mosaic will post 2.04 earnings per share for the current year.

Institutional Trading of Mosaic

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cary Street Partners Financial LLC raised its position in shares of Mosaic by 2.0% in the fourth quarter. Cary Street Partners Financial LLC now owns 19,604 shares of the basic materials company’s stock worth $472,000 after acquiring an additional 380 shares during the period. NewEdge Advisors LLC grew its position in shares of Mosaic by 27.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 380 shares during the period. Foster Dykema Cabot & Partners LLC increased its stake in shares of Mosaic by 54.3% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 1,157 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 407 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Mosaic by 57.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,135 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 415 shares in the last quarter. Finally, Pinnacle Associates Ltd. raised its holdings in Mosaic by 0.9% in the 3rd quarter. Pinnacle Associates Ltd. now owns 47,593 shares of the basic materials company’s stock worth $1,651,000 after purchasing an additional 432 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.

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.