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

Mosaic (NYSE:MOS) had its price target dropped by research analysts at Wolfe Research from $41.00 to $38.00 in a report issued on Friday,MarketScreener reports. The firm presently has an “outperform” rating on the basic materials company’s stock. Wolfe Research’s price objective indicates a potential upside of 44.10% from the company’s current price.

A number of other equities research analysts have also recently issued reports on MOS. HSBC reduced their price objective on Mosaic from $35.00 to $26.00 and set a “hold” rating for the company in a report on Monday, November 24th. Royal Bank Of Canada set a $27.00 target price on shares of Mosaic in a report on Wednesday, December 10th. Barclays reduced their price target on Mosaic from $35.00 to $31.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 9th. The Goldman Sachs Group dropped their price objective on Mosaic from $37.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Mosaic from $26.00 to $24.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.50.

Mosaic Stock Down 4.4%

Shares of NYSE:MOS traded down $1.21 during midday trading on Friday, hitting $26.37. The stock had a trading volume of 14,228,322 shares, compared to its average volume of 5,985,415. The company has a quick ratio of 0.40, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The business’s 50-day simple moving average is $24.79 and its 200-day simple moving average is $30.21. Mosaic has a 12 month low of $22.36 and a 12 month high of $38.23. The company has a market cap of $8.37 billion, a P/E ratio of 6.83, a PEG ratio of 1.16 and a beta of 0.94.

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

Hedge Funds Weigh In On Mosaic

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. grew its position in shares of Mosaic by 172.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock worth $25,000 after buying an additional 433 shares during the period. Rothschild Investment LLC grew its holdings in Mosaic by 650.0% in the second quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 650 shares during the period. Rexford Capital Inc. acquired a new position in shares of Mosaic during the second quarter valued at about $28,000. True Wealth Design LLC boosted its position in shares of Mosaic by 1,819.0% during the 3rd quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 764 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Mosaic in the 2nd quarter valued at about $31,000. 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.