Mosaic (NYSE:MOS) Downgraded to “Strong Sell” Rating by Freedom Capital

Mosaic (NYSE:MOS) was downgraded by research analysts at Freedom Capital from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other equities research analysts have also weighed in on MOS. Wolfe Research cut their target price on shares of Mosaic from $37.00 to $36.00 and set an “outperform” rating on the stock in a research note on Thursday, February 26th. Morgan Stanley lowered their price objective on shares of Mosaic from $35.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. Bank of America cut Mosaic from a “buy” rating to a “neutral” rating and cut their price objective for the company from $33.00 to $30.00 in a research report on Friday. Canadian Imperial Bank of Commerce upped their target price on Mosaic from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, UBS Group decreased their target price on Mosaic from $38.00 to $33.00 and set a “buy” rating for the company in a research report on Monday, January 12th. Five equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Mosaic presently has a consensus rating of “Hold” and an average price target of $30.75.

Mosaic Stock Performance

Shares of MOS stock opened at $23.65 on Thursday. The stock has a fifty day moving average of $28.01 and a 200 day moving average of $28.18. Mosaic has a 52 week low of $22.36 and a 52 week high of $38.23. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 2.61 and a beta of 0.95. The company has a quick ratio of 0.47, a current ratio of 1.32 and a debt-to-equity ratio of 0.35.

Mosaic (NYSE:MOS) last released its quarterly earnings results 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). The company had revenue of $2.97 billion during 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 business’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 EPS. As a group, research analysts expect that Mosaic will post 2.04 earnings per share for the current year.

Hedge Funds Weigh In On Mosaic

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Rockefeller Capital Management L.P. boosted its position in shares of Mosaic by 57.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 31,065 shares of the basic materials company’s stock worth $748,000 after purchasing an additional 11,382 shares in the last quarter. Corient Private Wealth LLC increased its position in Mosaic by 126.3% during the 4th quarter. Corient Private Wealth LLC now owns 32,712 shares of the basic materials company’s stock valued at $788,000 after buying an additional 18,258 shares in the last quarter. Hsbc Holdings PLC increased its position in Mosaic by 94.4% during the 4th quarter. Hsbc Holdings PLC now owns 1,014,987 shares of the basic materials company’s stock valued at $24,556,000 after buying an additional 493,008 shares in the last quarter. Pacer Advisors Inc. raised its stake in Mosaic by 22.2% during the fourth quarter. Pacer Advisors Inc. now owns 41,663 shares of the basic materials company’s stock valued at $1,004,000 after buying an additional 7,555 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in Mosaic during the fourth quarter valued at $1,260,000. 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.