Morgan Stanley Issues Pessimistic Forecast for Mosaic (NYSE:MOS) Stock Price

Mosaic (NYSE:MOS) had its price objective decreased by equities researchers at Morgan Stanley from $35.00 to $28.00 in a research note issued on Thursday,MarketScreener reports. The brokerage presently has an “equal weight” rating on the basic materials company’s stock. Morgan Stanley’s price objective indicates a potential upside of 3.15% from the stock’s previous close.

Several other research firms have also recently weighed in on MOS. Zacks Research upgraded Mosaic from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 9th. Bank of America decreased their price target on shares of Mosaic from $39.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Oppenheimer set a $35.00 price target on shares of Mosaic in a report on Friday, January 16th. Wells Fargo & Company dropped their target price on Mosaic from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, January 23rd. Finally, Barclays reduced their target price on shares of Mosaic from $35.00 to $31.00 and set an “overweight” rating on the stock in a report on Tuesday, December 9th. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $31.13.

Mosaic Price Performance

Shares of MOS traded up $0.17 during trading hours on Thursday, hitting $27.15. 1,073,189 shares of the company were exchanged, compared to its average volume of 6,776,505. The company has a quick ratio of 0.40, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. Mosaic has a fifty-two week low of $22.36 and a fifty-two week high of $38.23. The company has a market cap of $8.62 billion, a price-to-earnings ratio of 16.05, a P/E/G ratio of 1.32 and a beta of 0.97. The firm’s fifty day moving average is $27.07 and its 200 day moving average is $28.79.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.26). Mosaic had a return on equity of 5.77% and a net margin of 4.49%.The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the prior year, the company earned $0.45 EPS. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities analysts anticipate that Mosaic will post 2.04 earnings per share for the current fiscal year.

Institutional Trading of Mosaic

Hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. boosted its stake in Mosaic by 172.5% during the second quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 433 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Mosaic by 169.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 601 shares in the last quarter. Rothschild Investment LLC grew its stake in shares of Mosaic by 650.0% in the 2nd quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock valued at $27,000 after buying an additional 650 shares during the period. Rexford Capital Inc. acquired a new stake in shares of Mosaic in the 2nd quarter valued at about $28,000. Finally, True Wealth Design LLC increased its position in Mosaic by 1,819.0% in the 3rd quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock valued at $28,000 after buying an additional 764 shares in the last quarter. Institutional investors 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.