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

Mosaic (NYSE:MOS) had its price objective lowered by investment analysts at HSBC from $26.00 to $23.00 in a research report issued to clients and investors on Thursday,MarketScreener reports. The brokerage presently has a “hold” rating on the basic materials company’s stock. HSBC’s price target suggests a potential upside of 1.05% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. BNP Paribas Exane dropped their target price on Mosaic from $30.00 to $29.00 and set an “outperform” rating on the stock in a research report on Monday. UBS Group lowered their price target on Mosaic from $27.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 12th. Royal Bank Of Canada raised Mosaic from a “sector perform” rating to an “outperform” rating and dropped their price objective for the company from $28.00 to $27.00 in a report on Wednesday, May 13th. Canadian Imperial Bank of Commerce set a $25.00 price objective on Mosaic in a research report on Tuesday, May 12th. Finally, Weiss Ratings downgraded Mosaic from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $27.24.

Mosaic Stock Performance

Shares of MOS traded up $0.25 during trading hours on Thursday, hitting $22.76. The stock had a trading volume of 1,297,233 shares, compared to its average volume of 8,890,229. The firm has a 50-day moving average price of $23.12 and a 200 day moving average price of $25.33. Mosaic has a fifty-two week low of $19.80 and a fifty-two week high of $38.23. The firm has a market capitalization of $7.23 billion, a price-to-earnings ratio of 178.21, a PEG ratio of 2.57 and a beta of 0.79. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.45 and a current ratio of 1.25.

Mosaic (NYSE:MOS) last released its quarterly 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). The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.93 billion. Mosaic had a net margin of 0.36% and a return on equity of 4.66%. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 EPS. As a group, research analysts anticipate that Mosaic will post 0.83 EPS for the current year.

Hedge Funds Weigh In On Mosaic

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Mosaic by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 39,123,171 shares of the basic materials company’s stock worth $942,477,000 after acquiring an additional 461,524 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Mosaic by 6.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,240,050 shares of the basic materials company’s stock valued at $363,110,000 after purchasing an additional 832,914 shares in the last quarter. State Street Corp lifted its holdings in Mosaic by 1.9% in the 4th quarter. State Street Corp now owns 13,174,708 shares of the basic materials company’s stock valued at $317,379,000 after purchasing an additional 240,146 shares in the last quarter. Invesco Ltd. boosted its stake in Mosaic by 28.9% during the 4th quarter. Invesco Ltd. now owns 11,840,398 shares of the basic materials company’s stock worth $285,235,000 after purchasing an additional 2,653,969 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Mosaic by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 8,479,395 shares of the basic materials company’s stock worth $203,916,000 after purchasing an additional 63,822 shares during the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Company Profile

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.