Mosaic (NYSE:MOS) Price Target Cut to $24.00 by Analysts at JPMorgan Chase & Co.

Mosaic (NYSE:MOS) had its price target decreased by investment analysts at JPMorgan Chase & Co. from $26.00 to $24.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 0.15% from the stock’s current price.

Other analysts have also issued reports about the company. Barclays lowered their target price on Mosaic from $42.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday, November 13th. HSBC decreased their price objective on shares of Mosaic from $35.00 to $26.00 and set a “hold” rating on the stock in a report on Monday, November 24th. Oppenheimer dropped their target price on shares of Mosaic from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Tuesday, November 11th. UBS Group reduced their target price on shares of Mosaic from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Finally, CIBC lowered their price target on shares of Mosaic from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Mosaic presently has an average rating of “Hold” and an average target price of $32.60.

Mosaic Price Performance

Shares of NYSE:MOS traded down $0.07 during trading on Friday, reaching $24.04. The stock had a trading volume of 1,458,070 shares, compared to its average volume of 5,530,337. The stock has a market capitalization of $7.63 billion, a PE ratio of 6.27, a P/E/G ratio of 0.58 and a beta of 0.94. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.40. Mosaic has a 52 week low of $22.36 and a 52 week high of $38.23. The business’s 50-day moving average price is $28.33 and its 200 day moving average price is $32.59.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. Mosaic had a return on equity of 6.46% and a net margin of 10.33%.The firm had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.87 billion. During the same period last year, the firm posted $0.34 EPS. The business’s revenue was up 22.8% on a year-over-year basis. As a group, equities analysts predict that Mosaic will post 2.04 earnings per share for the current year.

Institutional Trading of Mosaic

A number of institutional investors have recently bought and sold shares of the business. First Horizon Advisors Inc. raised its position in Mosaic by 172.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 433 shares in the last quarter. Bangor Savings Bank purchased a new position in Mosaic in the second quarter worth approximately $26,000. Rothschild Investment LLC grew its holdings in Mosaic by 650.0% during the 2nd quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 650 shares in the last quarter. Rexford Capital Inc. purchased a new stake in shares of Mosaic in the 2nd quarter valued at approximately $28,000. Finally, True Wealth Design LLC raised its holdings in shares of Mosaic by 1,819.0% in the 3rd quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 764 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

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.