Mosaic (NYSE:MOS) Rating Lowered to Neutral at UBS Group

Mosaic (NYSE:MOS) was downgraded by UBS Group from a “buy” rating to a “neutral” rating in a note issued to investors on Thursday, MarketBeat Ratings reports. They currently have a $27.00 price objective on the basic materials company’s stock, down from their prior price objective of $33.00. UBS Group’s target price suggests a potential upside of 8.11% from the company’s current price.

Other equities research analysts have also issued reports about the company. Royal Bank Of Canada dropped their price target on Mosaic from $29.00 to $28.00 and set a “sector perform” rating for the company in a research note on Thursday, February 26th. The Goldman Sachs Group boosted their target price on Mosaic from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. JPMorgan Chase & Co. downgraded shares of Mosaic from a “neutral” rating to an “underweight” rating and set a $24.00 target price for the company. in a research report on Thursday, February 26th. Bank of America lowered shares of Mosaic from a “buy” rating to a “neutral” rating and cut their price target for the company from $33.00 to $30.00 in a report on Friday, March 20th. Finally, Wells Fargo & Company decreased their price objective on shares of Mosaic from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, January 23rd. Four analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Mosaic currently has an average rating of “Hold” and an average target price of $30.40.

Mosaic Price Performance

MOS opened at $24.98 on Thursday. Mosaic has a 1 year low of $22.36 and a 1 year high of $38.23. The company’s 50 day simple moving average is $27.84 and its 200 day simple moving average is $27.92. The stock has a market capitalization of $7.93 billion, a PE ratio of 14.78, a P/E/G ratio of 2.55 and a beta of 0.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.47 and a current ratio of 1.32.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share 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 analysts’ expectations of $3.02 billion. Mosaic had a return on equity of 5.80% and a net margin of 4.49%.The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 EPS. As a group, sell-side analysts expect that Mosaic will post 2.04 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MOS. Geneos Wealth Management Inc. lifted its holdings in shares of Mosaic by 169.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 601 shares during the last quarter. Rexford Capital Inc. acquired a new position in Mosaic during the 2nd quarter valued at about $28,000. True Wealth Design LLC raised its holdings in Mosaic by 1,819.0% during the third quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 764 shares in the last quarter. Mather Group LLC. bought a new stake in shares of Mosaic in the 3rd quarter worth $31,000. Finally, CYBER HORNET ETFs LLC bought a new stake in Mosaic in the second quarter worth about $31,000. 77.54% of the stock is currently owned by institutional investors.

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.