Mosaic (NYSE:MOS – Get Free Report) was downgraded by equities researchers at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research note issued to investors on Sunday.
Several other brokerages have also recently issued reports on MOS. HSBC reduced their price objective on Mosaic from $26.00 to $23.00 and set a “hold” rating on the stock in a research note on Thursday, June 18th. BMO Capital Markets reduced their price target on shares of Mosaic from $31.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 30th. Freedom Capital raised shares of Mosaic from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, June 17th. Royal Bank Of Canada raised shares of Mosaic from a “sector perform” rating to an “outperform” rating and lowered their price objective for the company from $28.00 to $27.00 in a research report on Wednesday, May 13th. Finally, Canadian Imperial Bank of Commerce set a $25.00 price objective on shares of Mosaic in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $27.11.
Get Our Latest Stock Report on Mosaic
Mosaic Stock Performance
Mosaic (NYSE:MOS – Get Free Report) last issued its earnings results on Monday, May 11th. The basic materials company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.15). Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the previous year, the business posted $0.49 EPS. Mosaic’s revenue was up 14.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Mosaic will post 0.83 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Mosaic
A number of hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its position in 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 position in Mosaic in the 1st quarter worth about $201,000. Empowered Funds LLC increased its stake in shares of Mosaic by 170.5% in the first 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 period. Woodline Partners LP increased its stake in shares of Mosaic by 40.7% in the first 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 period. Finally, Geneos Wealth Management Inc. raised its holdings in shares of 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 last quarter. 77.54% of the stock is currently owned by institutional investors.
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.
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