Mosaic (NYSE:MOS) Hits New 12-Month Low on Analyst Downgrade

The Mosaic Company (NYSE:MOS) shares reached a new 52-week low on Wednesday after UBS Group lowered their price target on the stock from $33.00 to $30.00. UBS Group currently has a neutral rating on the stock. Mosaic traded as low as $26.59 and last traded at $26.59, with a volume of 1422700 shares. The stock had previously closed at $26.91.

A number of other research analysts have also issued reports on MOS. Scotiabank reduced their target price on shares of Mosaic from $40.00 to $38.00 and set a “sector outperform” rating for the company in a research note on Monday, May 6th. Royal Bank of Canada reduced their price target on shares of Mosaic from $35.00 to $32.00 and set a “sector perform” rating for the company in a research note on Monday, May 6th. Barclays reduced their price target on shares of Mosaic from $42.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday, May 13th. Mizuho reduced their price target on shares of Mosaic from $34.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Finally, Piper Sandler reduced their price target on shares of Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a research note on Tuesday, June 11th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Mosaic has a consensus rating of “Hold” and a consensus price target of $37.73.

Institutional Investors Weigh In On Mosaic

A number of large investors have recently made changes to their positions in MOS. Price T Rowe Associates Inc. MD raised its holdings in shares of Mosaic by 1,815.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,682,108 shares of the basic materials company’s stock valued at $346,743,000 after acquiring an additional 10,124,427 shares during the period. Norges Bank acquired a new stake in shares of Mosaic during the fourth quarter valued at approximately $107,893,000. Vanguard Group Inc. raised its holdings in shares of Mosaic by 5.1% during the first quarter. Vanguard Group Inc. now owns 39,357,229 shares of the basic materials company’s stock valued at $1,277,536,000 after acquiring an additional 1,893,797 shares during the period. Boston Partners increased its stake in Mosaic by 1,795.5% in the 1st quarter. Boston Partners now owns 1,279,022 shares of the basic materials company’s stock valued at $41,496,000 after buying an additional 1,211,544 shares during the period. Finally, Swedbank AB acquired a new position in Mosaic in the 1st quarter valued at approximately $37,936,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Trading Down 1.2 %

The stock has a market cap of $8.55 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 1.50 and a beta of 1.41. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.51 and a current ratio of 1.16. The company’s 50 day simple moving average is $29.12 and its two-hundred day simple moving average is $31.01.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.88 billion. Mosaic had a net margin of 6.07% and a return on equity of 8.23%. The firm’s quarterly revenue was down 25.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.14 EPS. Research analysts expect that The Mosaic Company will post 2.57 EPS for the current fiscal year.

About Mosaic

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.