Scotiabank Issues Pessimistic Forecast for Mosaic (NYSE:MOS) Stock Price

Mosaic (NYSE:MOS) had its target price lowered by analysts at Scotiabank from $33.00 to $30.00 in a report released on Tuesday,MarketScreener reports. Scotiabank’s price objective would suggest a potential upside of 42.18% from the company’s previous close.

A number of other research firms have also recently commented on MOS. Wall Street Zen cut shares of Mosaic from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. BNP Paribas Exane reduced their price target on shares of Mosaic from $35.00 to $33.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 25th. Canadian Imperial Bank of Commerce set a $25.00 price objective on shares of Mosaic in a report on Tuesday, May 12th. JPMorgan Chase & Co. lowered their price objective on shares of Mosaic from $24.00 to $19.00 and set an “underweight” rating for the company in a research report on Tuesday, May 12th. Finally, Morgan Stanley dropped their target price on shares of Mosaic from $35.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. Five research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $27.44.

Mosaic Trading Down 1.4%

MOS stock traded down $0.31 during midday trading on Tuesday, hitting $21.10. 879,575 shares of the company’s stock were exchanged, compared to its average volume of 8,849,367. Mosaic has a 1-year low of $21.03 and a 1-year high of $38.23. 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 stock has a market capitalization of $6.70 billion, a PE ratio of 161.52, a P/E/G ratio of 1.72 and a beta of 0.79. The business has a 50-day simple moving average of $24.96 and a two-hundred day simple moving average of $25.81.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Monday, May 11th. The basic materials company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.15). The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.93 billion. Mosaic had a net margin of 0.36% and a return on equity of 4.66%. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the company earned $0.49 EPS. On average, sell-side analysts predict that Mosaic will post 1.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Mosaic

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC grew its holdings in shares of Mosaic by 27.8% during the first quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock worth $47,000 after buying an additional 380 shares during the last quarter. United Services Automobile Association purchased a new stake in Mosaic during the 1st quarter valued at approximately $201,000. Empowered Funds LLC lifted its position in Mosaic by 170.5% during the 1st quarter. Empowered Funds LLC now owns 54,176 shares of the basic materials company’s stock worth $1,463,000 after acquiring an additional 34,151 shares during the period. Woodline Partners LP grew its stake in shares of Mosaic by 40.7% in the 1st quarter. Woodline Partners LP now owns 26,836 shares of the basic materials company’s stock valued at $725,000 after purchasing an additional 7,760 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of 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 purchasing an additional 601 shares during the last quarter. 77.54% of the stock is currently 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.