Mosaic (NYSE:MOS) Shares Down 6.1% Following Analyst Downgrade

The Mosaic Company (NYSE:MOS) shares dropped 6.1% during trading on Tuesday after BMO Capital Markets lowered their price target on the stock from $31.00 to $30.00. BMO Capital Markets currently has an outperform rating on the stock. Mosaic traded as low as $20.93 and last traded at $21.0660. 4,511,440 shares traded hands during trading, a decline of 50% from the average session volume of 9,042,063 shares. The stock had previously closed at $22.44.

Other equities research analysts also recently issued reports about the company. Weiss Ratings downgraded Mosaic from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, May 12th. Bank of America cut 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. Wall Street Zen downgraded Mosaic from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Freedom Capital raised Mosaic from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, June 17th. Finally, Canadian Imperial Bank of Commerce set a $25.00 target price on Mosaic in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $27.22.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. raised its position 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 during the period. CYBER HORNET ETFs LLC purchased a new position in shares of Mosaic in the 2nd quarter worth approximately $31,000. SJS Investment Consulting Inc. boosted its holdings in shares of Mosaic by 72.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,245 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 525 shares during the period. Gen Wealth Partners Inc bought a new position in shares of Mosaic during the 4th quarter valued at approximately $32,000. Finally, MUFG Securities EMEA plc bought a new position in shares of Mosaic during the 2nd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Trading Down 6.8%

The company has a 50-day moving average price of $22.65 and a two-hundred day moving average price of $25.21. The stock has a market cap of $6.64 billion, a P/E ratio of 162.59, a P/E/G ratio of 2.65 and a beta of 0.79. The company has a current ratio of 1.25, a quick ratio of 0.45 and a debt-to-equity ratio of 0.36.

Mosaic (NYSE:MOS) last issued 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). The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.93 billion. Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 earnings per share. On average, research analysts expect that The Mosaic Company will post 0.83 EPS for the current fiscal year.

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.