The Mosaic (NYSE:MOS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, March 14th.
According to Zacks, “Mosaic is well placed to gain from rising global demand for phosphate and potash in 2018. Moreover, the acquisition of Vale Fertilizantes will help the company to capitalize on the rapidly growing Brazilian agricultural market. Mosaic should also gain from its cost reduction measures and efforts to boost production capacity. However, Mosaic is exposed to a still soft operating environment in the agriculture space. We are also concerned about its elevated debt level and higher expected interest expenses in 2018. The company has also underperformed the industry it belongs to over a year.”
Several other analysts have also commented on MOS. Cowen upgraded shares of The Mosaic from a “market perform” rating to an “outperform” rating in a research report on Monday, March 5th. BMO Capital Markets restated a “market perform” rating and set a $26.00 price target (up previously from $24.00) on shares of The Mosaic in a research report on Wednesday, February 21st. Stephens began coverage on shares of The Mosaic in a research report on Friday, February 2nd. They set an “overweight” rating on the stock. Bank of America raised their price target on shares of The Mosaic from $20.00 to $24.00 and gave the company an “underperform” rating in a research report on Wednesday, February 21st. Finally, Royal Bank of Canada raised their price target on shares of The Mosaic from $28.00 to $29.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 21st. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $25.84.
Shares of The Mosaic stock traded down $0.97 during trading on Wednesday, hitting $24.22. 3,972,174 shares of the company’s stock were exchanged, compared to its average volume of 4,219,027. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.27 and a quick ratio of 1.51. The Mosaic has a 52-week low of $19.23 and a 52-week high of $29.20. The stock has a market cap of $8,842.92, a PE ratio of 22.22, a price-to-earnings-growth ratio of 2.61 and a beta of 1.28.
The Mosaic (NYSE:MOS) last issued its earnings results on Monday, February 19th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.07. The Mosaic had a negative net margin of 1.45% and a positive return on equity of 3.90%. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the company posted $0.03 earnings per share. The firm’s revenue was up 12.3% compared to the same quarter last year. equities analysts expect that The Mosaic will post 1.38 EPS for the current year.
In other The Mosaic news, Director Kelvin R. Westbrook purchased 1,200 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were purchased at an average cost of $27.63 per share, for a total transaction of $33,156.00. Following the completion of the transaction, the director now owns 1,200 shares of the company’s stock, valued at approximately $33,156. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.38% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in The Mosaic by 26.8% during the third quarter. Dimensional Fund Advisors LP now owns 4,364,003 shares of the basic materials company’s stock worth $94,211,000 after acquiring an additional 921,345 shares during the last quarter. Geode Capital Management LLC boosted its position in The Mosaic by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 3,731,386 shares of the basic materials company’s stock worth $95,552,000 after acquiring an additional 117,536 shares during the last quarter. Guggenheim Capital LLC boosted its position in The Mosaic by 4.4% during the fourth quarter. Guggenheim Capital LLC now owns 2,505,676 shares of the basic materials company’s stock worth $64,294,000 after acquiring an additional 105,273 shares during the last quarter. Global Thematic Partners LLC boosted its position in The Mosaic by 49.9% during the fourth quarter. Global Thematic Partners LLC now owns 2,325,030 shares of the basic materials company’s stock worth $59,660,000 after acquiring an additional 773,747 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in The Mosaic by 4.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,131,660 shares of the basic materials company’s stock worth $54,699,000 after acquiring an additional 81,486 shares during the last quarter. Hedge funds and other institutional investors own 80.89% of the company’s stock.
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The Mosaic Company Profile
The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. The company operates through three segments: Phosphates, Potash, and International Distribution. 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.
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