Scotiabank Has Lowered Expectations for Mosaic (NYSE:MOS) Stock Price

Mosaic (NYSE:MOS) had its price objective decreased by Scotiabank from $36.00 to $35.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “sector outperform” rating on the basic materials company’s stock. Scotiabank’s price objective indicates a potential upside of 28.31% from the stock’s current price.

Other analysts have also issued reports about the stock. Bank of America lowered their price objective on shares of Mosaic from $39.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Wells Fargo & Company reduced their target price on shares of Mosaic from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday, January 23rd. Barclays lowered their price target on shares of Mosaic from $35.00 to $31.00 and set an “overweight” rating for the company in a research report on Tuesday, December 9th. Morgan Stanley decreased their target price 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. Finally, JPMorgan Chase & Co. downgraded Mosaic from a “neutral” rating to an “underweight” rating and set a $24.00 price target on the stock. in a research note on Thursday. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Mosaic presently has a consensus rating of “Hold” and an average target price of $30.94.

Mosaic Trading Down 2.0%

MOS stock traded down $0.56 during midday trading on Monday, hitting $27.28. The company had a trading volume of 4,398,350 shares, compared to its average volume of 6,902,478. The stock has a market cap of $8.66 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 1.40 and a beta of 0.97. Mosaic has a 52 week low of $22.36 and a 52 week high of $38.23. The company has a current ratio of 1.32, a quick ratio of 0.47 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average price is $27.21 and its 200 day moving average price is $28.70.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, February 24th. The basic materials company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26). The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.02 billion. Mosaic had a net margin of 4.49% and a return on equity of 5.80%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.45 earnings per share. As a group, equities research analysts expect that Mosaic will post 2.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mosaic

A number of hedge funds have recently made changes to their positions in the stock. TD Waterhouse Canada Inc. raised its stake in shares of Mosaic by 2.8% during the second quarter. TD Waterhouse Canada Inc. now owns 12,149 shares of the basic materials company’s stock valued at $447,000 after purchasing an additional 333 shares during the period. Cary Street Partners Financial LLC boosted its position in Mosaic by 2.0% in the 4th quarter. Cary Street Partners Financial LLC now owns 19,604 shares of the basic materials company’s stock valued at $472,000 after buying an additional 380 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Mosaic by 27.8% in the first 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. Foster Dykema Cabot & Partners LLC grew its stake in Mosaic by 54.3% during 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. Finally, Smartleaf Asset Management LLC raised its position 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. Institutional investors and hedge funds 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.