Mosaic Company (The) (NYSE:MOS) Downgraded to Sell at Zacks Investment Research

Mosaic Company (The) (NYSE:MOS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, October 17th.

According to Zacks, “Mosaic has narrowed its volume guidance for phosphate and potash for full-year 2017. The company is exposed to a difficult pricing environment. Lower pricing is hurting sales and margins in its phosphate business and is expected to remain a headwind in the third quarter. Mosaic also faces a challenging operating environment in the agriculture space. It has also underperformed the industry it belongs to over a year.”

Several other equities analysts have also weighed in on MOS. Morgan Stanley cut their target price on Mosaic Company (The) from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Monday, August 7th. Royal Bank Of Canada dropped their price target on Mosaic Company (The) to C$23.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 3rd. Stifel Nicolaus reiterated a “hold” rating and set a $27.00 price objective on shares of Mosaic Company (The) in a report on Friday, July 14th. BMO Capital Markets reiterated a “hold” rating and set a $25.00 price objective on shares of Mosaic Company (The) in a report on Friday, September 8th. Finally, BidaskClub downgraded Mosaic Company (The) from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of C$23.91.

Shares of Mosaic Company (NYSE:MOS) traded up C$0.11 during trading hours on Tuesday, reaching C$22.49. The company’s stock had a trading volume of 3,840,024 shares, compared to its average volume of 3,910,000. Mosaic Company has a 52-week low of C$19.23 and a 52-week high of C$34.36. The company has a market capitalization of $7,900.00, a PE ratio of 21.94, a price-to-earnings-growth ratio of 2.67 and a beta of 1.27. The company has a quick ratio of 0.90, a current ratio of 1.78 and a debt-to-equity ratio of 0.37.

Mosaic Company (The) (NYSE:MOS) last announced its earnings results on Tuesday, October 31st. The company reported C$0.43 EPS for the quarter, topping the consensus estimate of C$0.25 by C$0.18. The company had revenue of C$1.98 billion for the quarter, compared to analysts’ expectations of C$1.93 billion. Mosaic Company (The) had a return on equity of 3.61% and a net margin of 4.68%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 earnings per share. equities research analysts forecast that Mosaic Company will post 0.88 earnings per share for the current fiscal year.

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In other news, Director Robert L. Lumpkins acquired 7,000 shares of Mosaic Company (The) stock in a transaction that occurred on Monday, August 21st. The shares were acquired at an average price of C$19.94 per share, for a total transaction of C$139,580.00. Following the transaction, the director now directly owns 9,339 shares of the company’s stock, valued at approximately C$186,219.66. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.38% of the company’s stock.

Large investors have recently made changes to their positions in the company. State Street Corp lifted its stake in shares of Mosaic Company (The) by 2.0% in the 2nd quarter. State Street Corp now owns 19,950,012 shares of the company’s stock valued at $455,461,000 after purchasing an additional 397,403 shares during the period. State Board of Administration of Florida Retirement System raised its stake in Mosaic Company (The) by 0.8% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 517,307 shares of the company’s stock worth $11,810,000 after buying an additional 4,055 shares during the period. Andra AP fonden raised its stake in Mosaic Company (The) by 240.3% during the 2nd quarter. Andra AP fonden now owns 79,300 shares of the company’s stock worth $1,810,000 after buying an additional 56,000 shares during the period. River & Mercantile Asset Management LLP raised its stake in Mosaic Company (The) by 11.2% during the 2nd quarter. River & Mercantile Asset Management LLP now owns 227,100 shares of the company’s stock worth $5,184,000 after buying an additional 22,850 shares during the period. Finally, Commerzbank Aktiengesellschaft FI raised its stake in Mosaic Company (The) by 25.1% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 55,200 shares of the company’s stock worth $1,260,000 after buying an additional 11,080 shares during the period. 77.81% of the stock is currently owned by institutional investors.

About Mosaic Company (The)

The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.

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