Berenberg Bank Has Lowered Expectations for Mosaic (NYSE:MOS) Stock Price

Mosaic (NYSE:MOS) had its price objective lowered by investment analysts at Berenberg Bank from $28.00 to $27.00 in a research report issued on Tuesday,MarketScreener reports. The brokerage currently has a “hold” rating on the basic materials company’s stock. Berenberg Bank’s price objective would indicate a potential upside of 27.96% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Freedom Capital cut shares of Mosaic from a “hold” rating to a “strong sell” rating in a report on Thursday, March 19th. Wolfe Research reduced their price objective on Mosaic from $37.00 to $36.00 and set an “outperform” rating for the company in a research note on Thursday, February 26th. Canadian Imperial Bank of Commerce set a $25.00 target price on Mosaic in a research note on Tuesday, May 12th. The Goldman Sachs Group dropped their target price on Mosaic from $31.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Finally, Wells Fargo & Company reduced their price target on Mosaic from $25.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday. Five research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $27.44.

Mosaic Stock Performance

Shares of Mosaic stock traded down $0.31 on Tuesday, reaching $21.10. 879,575 shares of the stock were exchanged, compared to its average volume of 8,849,367. The business has a 50 day moving average price of $24.96 and a two-hundred day moving average price of $25.81. The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 161.52, a PEG ratio of 1.72 and a beta of 0.79. Mosaic has a twelve month low of $21.03 and a twelve month high of $38.23. The company has a quick ratio of 0.45, a current ratio of 1.25 and a debt-to-equity ratio of 0.36.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Monday, May 11th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the prior year, the business posted $0.49 earnings per share. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. Analysts anticipate that Mosaic will post 1.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MOS. CYBER HORNET ETFs LLC purchased a new position in shares of Mosaic during the 2nd quarter valued at approximately $31,000. MUFG Securities EMEA plc acquired a new position in Mosaic during the second quarter worth $34,000. Geneos Wealth Management Inc. lifted its holdings in Mosaic by 169.3% during the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 601 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Mosaic by 57.6% in the third quarter. Smartleaf Asset Management LLC now owns 1,135 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 415 shares during the period. Finally, Foster Dykema Cabot & Partners LLC grew its position in shares of Mosaic by 54.3% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 1,157 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 407 shares during the period. 77.54% of the stock is owned by institutional investors and hedge funds.

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.