Mosaic (NYSE:MOS) Stock Rating Lowered by JPMorgan Chase & Co.

Mosaic (NYSE:MOS) was downgraded by investment analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a report issued on Thursday,Finviz reports. They presently have a $24.00 target price on the basic materials company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 10.98% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Wolfe Research cut their target price on Mosaic from $41.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. Wells Fargo & Company dropped their target price 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. Barclays lowered their price target on Mosaic from $35.00 to $31.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 9th. Oppenheimer set a $35.00 target price on Mosaic in a research note on Friday, January 16th. Finally, UBS Group dropped their price target on Mosaic from $38.00 to $33.00 and set a “buy” rating on the stock in a research note on Monday, January 12th. Seven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.50.

Mosaic Stock Performance

Shares of MOS stock opened at $26.96 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 1.14. Mosaic has a 52 week low of $22.36 and a 52 week high of $38.23. The company’s 50 day moving average price is $27.07 and its two-hundred day moving average price is $28.79. The company has a market capitalization of $8.56 billion, a P/E ratio of 15.95, a price-to-earnings-growth ratio of 1.32 and a beta of 0.97.

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

Institutional Investors Weigh In On Mosaic

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Mosaic by 1.2% during 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 boosted its stake in shares of Mosaic by 6.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 13,407,136 shares of the basic materials company’s stock valued at $322,979,000 after purchasing an additional 830,985 shares during the last quarter. State Street Corp increased its position in shares of Mosaic by 1.9% during the fourth quarter. State Street Corp now owns 13,174,708 shares of the basic materials company’s stock worth $317,379,000 after buying an additional 240,146 shares during the period. Invesco Ltd. lifted its holdings in Mosaic by 28.9% in the fourth quarter. Invesco Ltd. now owns 11,840,398 shares of the basic materials company’s stock valued at $285,235,000 after buying an additional 2,653,969 shares during the period. Finally, Geode Capital Management LLC boosted its position in Mosaic by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 8,479,395 shares of the basic materials company’s stock valued at $203,916,000 after acquiring an additional 63,822 shares during the last quarter. 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.