The Mosaic Company (NYSE:MOS – Get Free Report) shares hit 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 changing hands. The stock had previously closed at $26.91.
Several other research analysts also recently issued reports on MOS. Scotiabank lowered their price objective on shares of Mosaic from $40.00 to $38.00 and set a “sector outperform” rating on the stock in a research report on Monday, May 6th. Royal Bank of Canada lowered their price objective on shares of Mosaic from $35.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Monday, May 6th. Piper Sandler lowered their price objective on shares of Mosaic from $29.00 to $28.00 and set an “underweight” rating on the stock in a research report on Tuesday, June 11th. Barclays lowered their price objective on shares of Mosaic from $42.00 to $39.00 and set an “overweight” rating on the stock in a research report on Monday, May 13th. Finally, Mizuho lowered their target price on shares of Mosaic from $34.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. 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. According to MarketBeat.com, Mosaic presently has an average rating of “Hold” and a consensus price target of $37.73.
Hedge Funds Weigh In On Mosaic
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AustralianSuper Pty Ltd raised its position in shares of Mosaic by 23.1% in the fourth quarter. AustralianSuper Pty Ltd now owns 2,083,150 shares of the basic materials company’s stock valued at $74,431,000 after buying an additional 391,191 shares during the last quarter. Wellington Management Group LLP grew its holdings in Mosaic by 1,007.5% in the fourth quarter. Wellington Management Group LLP now owns 241,245 shares of the basic materials company’s stock valued at $8,620,000 after purchasing an additional 219,463 shares during the period. International Assets Investment Management LLC grew its holdings in Mosaic by 3,212.6% in the fourth quarter. International Assets Investment Management LLC now owns 240,200 shares of the basic materials company’s stock valued at $8,582,000 after purchasing an additional 232,949 shares during the period. Sapient Capital LLC purchased a new stake in Mosaic in the fourth quarter valued at approximately $2,300,000. Finally, Oak Thistle LLC grew its holdings in Mosaic by 13.1% in the fourth quarter. Oak Thistle LLC now owns 40,136 shares of the basic materials company’s stock valued at $1,434,000 after purchasing an additional 4,658 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.
Mosaic Trading Down 0.3 %
The business’s fifty day moving average is $29.06 and its 200-day moving average is $30.98. The stock has a market capitalization of $8.63 billion, a PE ratio of 11.41, a P/E/G ratio of 1.50 and a beta of 1.41. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.26.
Mosaic (NYSE:MOS – Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mosaic had a return on equity of 8.23% and a net margin of 6.07%. The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.88 billion. During the same quarter in the prior year, the firm earned $1.14 earnings per share. Mosaic’s quarterly revenue was down 25.7% compared to the same quarter last year. As a group, analysts anticipate that The Mosaic Company will post 2.57 EPS for the current fiscal year.
Mosaic Company Profile
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.