Mosaic (NYSE:MOS) Sets New 1-Year Low – What’s Next?

The Mosaic Company (NYSE:MOS) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $20.76 and last traded at $20.9150, with a volume of 3781906 shares changing hands. The stock had previously closed at $21.38.

Analysts Set New Price Targets

MOS has been the subject of a number of recent research reports. Berenberg Bank cut their price objective on shares of Mosaic from $28.00 to $27.00 and set a “hold” rating for the company in a report on Tuesday, May 19th. Barclays cut their price target on shares of Mosaic from $31.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday, May 18th. Bank of America downgraded shares of Mosaic from a “buy” rating to a “neutral” rating and cut their price target for the stock from $33.00 to $30.00 in a report on Friday, March 20th. Freedom Capital downgraded shares of Mosaic from a “hold” rating to a “strong sell” rating in a report on Thursday, March 19th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Mosaic from $24.00 to $19.00 and set an “underweight” rating for the company in a research note on Tuesday, May 12th. Six research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $27.47.

Mosaic Stock Performance

The company has a current ratio of 1.25, a quick ratio of 0.45 and a debt-to-equity ratio of 0.36. The company’s 50-day simple moving average is $23.70 and its 200-day simple moving average is $25.45. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 162.82, a PEG ratio of 2.63 and a beta of 0.79.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Monday, May 11th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.15). Mosaic had a net margin of 0.36% and a return on equity of 4.66%. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same quarter last year, the company posted $0.49 earnings per share. The company’s revenue was up 14.4% compared to the same quarter last year. On average, analysts expect that The Mosaic Company will post 0.83 EPS for the current year.

Hedge Funds Weigh In On Mosaic

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. increased its position in Mosaic by 169.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 601 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in shares of Mosaic during the second quarter worth $31,000. SJS Investment Consulting Inc. increased its position in shares of Mosaic by 72.9% during the first quarter. SJS Investment Consulting Inc. now owns 1,245 shares of the basic materials company’s stock worth $32,000 after buying an additional 525 shares during the period. Gen Wealth Partners Inc acquired a new stake in shares of Mosaic during the fourth quarter worth $32,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Mosaic during the second quarter worth $34,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

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.