Mosaic (NYSE:MOS) Stock Rating Lowered by Scotiabank

Mosaic (NYSE:MOS) was downgraded by analysts at Scotiabank from a “sector outperform” rating to a “sector perform” rating in a research note issued on Friday, Marketbeat reports. They currently have a $34.00 price objective on the basic materials company’s stock, down from their previous price objective of $39.00. Scotiabank’s price target would suggest a potential upside of 11.90% from the stock’s current price.

MOS has been the subject of several other research reports. Barclays lowered their target price on Mosaic from $46.00 to $44.00 and set an “overweight” rating for the company in a research note on Thursday. Zacks Research raised Mosaic from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 14th. Wells Fargo & Company lowered their target price on Mosaic from $38.00 to $34.00 and set an “equal weight” rating for the company in a research note on Thursday, August 7th. JPMorgan Chase & Co. boosted their target price on Mosaic from $35.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, August 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mosaic in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $34.83.

Mosaic Stock Down 9.1%

MOS stock opened at $30.39 on Friday. The company has a market cap of $9.64 billion, a PE ratio of 10.30, a price-to-earnings-growth ratio of 1.46 and a beta of 1.00. The business has a 50-day simple moving average of $33.42 and a 200 day simple moving average of $33.07. Mosaic has a 52 week low of $22.36 and a 52 week high of $38.23. The company has a quick ratio of 0.44, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.20). The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.11 billion. Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the firm earned $0.54 EPS. Sell-side analysts anticipate that Mosaic will post 2.04 EPS for the current fiscal year.

Institutional Trading of Mosaic

Hedge funds and other institutional investors have recently made changes to their positions in the company. First Horizon Advisors Inc. grew its holdings in shares of Mosaic by 172.5% during the second quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 433 shares during the last quarter. Bangor Savings Bank bought a new stake in shares of Mosaic during the second quarter worth about $26,000. Rothschild Investment LLC grew its holdings in shares of Mosaic by 650.0% during 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 last quarter. Rexford Capital Inc. bought a new stake in shares of Mosaic during the second quarter worth about $28,000. Finally, Reyes Financial Architecture Inc. bought a new stake in Mosaic in the second quarter valued at approximately $31,000. 77.54% of the stock is currently owned by institutional investors.

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.