Mosaic (NYSE:MOS) Downgraded to “Neutral” at Exane BNP Paribas

Mosaic (NYSE:MOSGet Rating) was downgraded by equities researchers at Exane BNP Paribas from an “outperform” rating to a “neutral” rating in a research note issued to investors on Wednesday, The Fly reports. They currently have a $82.00 price target on the basic materials company’s stock. Exane BNP Paribas’ target price points to a potential upside of 10.50% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Berenberg Bank cut shares of Mosaic from a “buy” rating to a “hold” rating and set a $50.00 price target on the stock. in a research note on Thursday, February 24th. BMO Capital Markets raised Mosaic from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $37.00 to $50.00 in a research report on Friday, January 14th. BNP Paribas lowered shares of Mosaic from an “outperform” rating to a “neutral” rating and set a $82.00 price target for the company. in a research report on Wednesday. Citigroup increased their target price on shares of Mosaic from $49.00 to $74.00 and gave the stock a “neutral” rating in a report on Tuesday, March 22nd. Finally, Stifel Nicolaus increased their target price on shares of Mosaic from $49.00 to $55.00 and gave the stock a “hold” rating in a report on Tuesday, March 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $58.28.

Shares of MOS stock traded down $3.77 during mid-day trading on Wednesday, reaching $74.21. 345,271 shares of the company’s stock traded hands, compared to its average volume of 8,892,590. Mosaic has a 12 month low of $28.26 and a 12 month high of $79.28. The company has a market cap of $27.33 billion, a P/E ratio of 17.44, a P/E/G ratio of 0.89 and a beta of 1.62. The company has a quick ratio of 0.54, a current ratio of 1.11 and a debt-to-equity ratio of 0.31. The company’s 50-day moving average price is $60.73 and its 200-day moving average price is $46.76.

Mosaic (NYSE:MOSGet Rating) last announced its earnings results on Tuesday, February 22nd. The basic materials company reported $1.95 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.95. The firm had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.93 billion. Mosaic had a net margin of 13.19% and a return on equity of 18.45%. The company’s quarterly revenue was up 56.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.57 EPS. Equities analysts predict that Mosaic will post 12.27 earnings per share for the current year.

Mosaic announced that its board has authorized a stock buyback plan on Tuesday, February 22nd that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the basic materials company to reacquire up to 6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

In other Mosaic news, CEO James Calvin O’rourke sold 27,681 shares of the stock in a transaction on Tuesday, April 12th. The stock was sold at an average price of $74.97, for a total value of $2,075,244.57. Following the sale, the chief executive officer now owns 135,220 shares in the company, valued at $10,137,443.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Walter F. Precourt III sold 9,647 shares of the firm’s stock in a transaction on Monday, April 18th. The shares were sold at an average price of $78.00, for a total value of $752,466.00. Following the transaction, the vice president now owns 75,000 shares in the company, valued at approximately $5,850,000. The disclosure for this sale can be found here. Insiders have sold a total of 114,706 shares of company stock worth $7,385,870 in the last 90 days. 0.57% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Mosaic by 380.4% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 663 shares of the basic materials company’s stock valued at $26,000 after buying an additional 525 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in Mosaic by 910.4% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 677 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 610 shares in the last quarter. Financial Management Professionals Inc. boosted its position in Mosaic by 110.6% during the third quarter. Financial Management Professionals Inc. now owns 792 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 416 shares in the last quarter. Confluence Wealth Services Inc. bought a new stake in Mosaic during the fourth quarter valued at about $31,000. Finally, Clearstead Advisors LLC boosted its position in Mosaic by 1,204.3% during the third quarter. Clearstead Advisors LLC now owns 900 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 831 shares in the last quarter. Hedge funds and other institutional investors own 73.75% of the company’s stock.

Mosaic Company Profile (Get Rating)

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.

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