Mosaic (NYSE:MOS) Lowered to “Neutral” Rating by UBS Group

Mosaic (NYSE:MOS) was downgraded by analysts at UBS Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday. They currently have a $27.00 price target on the basic materials company’s stock. UBS Group’s price objective points to a potential upside of 3.37% from the stock’s previous close.

A number of other analysts have also weighed in on MOS. Bank of America lowered Mosaic from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $33.00 to $30.00 in a research note on Friday, March 20th. Wells Fargo & Company cut their price target on shares of Mosaic from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, January 23rd. Wolfe Research reduced their price target 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. The Goldman Sachs Group lifted their price objective on shares of Mosaic from $30.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Finally, Royal Bank Of Canada dropped their target price on shares of Mosaic from $29.00 to $28.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 26th. Four research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $30.38.

Mosaic Stock Performance

Shares of NYSE:MOS opened at $26.12 on Thursday. The company has a current ratio of 1.32, a quick ratio of 0.47 and a debt-to-equity ratio of 0.35. Mosaic has a 12 month low of $22.36 and a 12 month high of $38.23. The company has a market capitalization of $8.29 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 2.57 and a beta of 0.95. The firm’s 50-day moving average is $27.93 and its 200 day moving average is $27.99.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.26). The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.02 billion. Mosaic had a return on equity of 5.80% and a net margin of 4.49%.The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.45 EPS. Research analysts predict that Mosaic will post 2.04 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MOS. NewEdge Advisors LLC grew 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 worth $47,000 after purchasing an additional 380 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of Mosaic in the 1st quarter worth $201,000. Empowered Funds LLC grew its stake in Mosaic by 170.5% during the 1st quarter. Empowered Funds LLC now owns 54,176 shares of the basic materials company’s stock worth $1,463,000 after buying an additional 34,151 shares during the last quarter. Woodline Partners LP increased its position in Mosaic by 40.7% during the 1st quarter. Woodline Partners LP now owns 26,836 shares of the basic materials company’s stock valued at $725,000 after buying an additional 7,760 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in Mosaic by 169.3% in 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. 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.