Mosaic (NYSE:MOS) Downgraded by Freedom Capital to “Strong Sell”

Freedom Capital lowered shares of Mosaic (NYSE:MOS) from a strong-buy rating to a strong sell rating in a research report released on Thursday,Zacks.com reports.

MOS has been the subject of a number of other research reports. Mizuho set a $25.00 target price on Mosaic in a research report on Wednesday, August 5th. Berenberg Bank dropped their price target on shares of Mosaic from $28.00 to $27.00 and set a “hold” rating on the stock in a research report on Tuesday, May 19th. Barclays reduced their price objective on shares of Mosaic from $31.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, May 18th. Canadian Imperial Bank of Commerce set a $25.00 target price on shares of Mosaic in a research note on Tuesday, May 12th. Finally, Wall Street Zen lowered shares of Mosaic from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $27.17.

Mosaic Price Performance

Shares of NYSE:MOS opened at $21.74 on Thursday. Mosaic has a fifty-two week low of $19.80 and a fifty-two week high of $36.99. The business has a 50-day moving average of $22.10 and a two-hundred day moving average of $24.48. The stock has a market capitalization of $6.90 billion, a P/E ratio of -10.76, a P/E/G ratio of 3.95 and a beta of 0.82. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.34 and a quick ratio of 0.43.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Mosaic had a positive return on equity of 3.77% and a negative net margin of 5.21%.The business had revenue of $2.82 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the prior year, the firm posted $0.51 EPS. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, equities research analysts predict that Mosaic will post 0.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Mosaic

Several hedge funds have recently modified their holdings of the business. Thompson Siegel & Walmsley LLC raised its position in Mosaic by 35.8% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,978,232 shares of the basic materials company’s stock valued at $71,746,000 after purchasing an additional 785,057 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Mosaic by 22.2% during the first quarter. California State Teachers Retirement System now owns 366,466 shares of the basic materials company’s stock worth $9,345,000 after purchasing an additional 66,608 shares in the last quarter. Vanguard Group Inc. increased its holdings 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 valued at $942,477,000 after purchasing an additional 461,524 shares in the last quarter. Bank of America Corp DE boosted its position in Mosaic by 7.4% in the 1st quarter. Bank of America Corp DE now owns 2,486,973 shares of the basic materials company’s stock valued at $63,418,000 after buying an additional 170,724 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Mosaic by 18.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 415,927 shares of the basic materials company’s stock valued at $10,406,000 after buying an additional 64,687 shares during the period. 77.54% of the stock is 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.