JPMorgan Chase & Co. Downgrades Mosaic (NYSE:MOS) to Neutral

Mosaic (NYSE:MOS) was downgraded by equities researchers at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. They presently have a $26.00 target price on the basic materials company’s stock, down from their previous target price of $37.00. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 2.34% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Mosaic in a report on Wednesday, October 8th. Barclays cut their price objective on Mosaic from $46.00 to $44.00 and set an “overweight” rating on the stock in a research report on Thursday, October 9th. Wall Street Zen downgraded Mosaic from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. CIBC lowered their target price on shares of Mosaic from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Finally, Zacks Research downgraded shares of Mosaic from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $34.15.

Mosaic Price Performance

Mosaic stock opened at $25.41 on Tuesday. Mosaic has a 12-month low of $22.36 and a 12-month high of $38.23. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $31.27 and a 200-day moving average price of $33.43. The firm has a market capitalization of $8.06 billion, a PE ratio of 8.61, a price-to-earnings-growth ratio of 0.94 and a beta of 1.00.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.03 by $0.01. Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The company had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same period in the prior year, the firm posted $0.34 EPS. The firm’s revenue was up 22.8% compared to the same quarter last year. As a group, equities research analysts forecast that Mosaic will post 2.04 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. increased its position in Mosaic by 172.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 433 shares during the period. Bangor Savings Bank bought a new position in shares of Mosaic during the second quarter valued at approximately $26,000. Geneos Wealth Management Inc. increased its holdings in Mosaic by 169.3% during the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after buying an additional 601 shares during the period. Rothschild Investment LLC raised its stake in Mosaic by 650.0% in the second quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock worth $27,000 after buying an additional 650 shares in the last quarter. Finally, Rexford Capital Inc. bought a new position in Mosaic in the second quarter worth approximately $28,000. 77.54% of the stock is currently owned by institutional investors.

About Mosaic

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.