JPMorgan Chase & Co. Issues Pessimistic Forecast for Mosaic (NYSE:MOS) Stock Price

Mosaic (NYSE:MOS) had its target price dropped by 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 points to a potential upside of 1.61% from the company’s previous close.

MOS has been the topic of a number of other reports. Royal Bank Of Canada raised Mosaic from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 4th. Bank of America dropped their price target on shares of Mosaic from $49.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. UBS Group cut their price target on shares of Mosaic from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Barclays decreased their price objective on shares of Mosaic from $42.00 to $35.00 and set an “overweight” rating for the company in a report on Thursday, November 13th. Finally, Wall Street Zen downgraded shares of Mosaic from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $32.60.

Mosaic Stock Performance

NYSE:MOS opened at $23.62 on Friday. The firm has a 50-day moving average of $28.10 and a two-hundred day moving average of $32.49. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.40. The stock has a market cap of $7.50 billion, a P/E ratio of 6.12, a PEG ratio of 0.57 and a beta of 0.94. Mosaic has a 1-year low of $22.36 and a 1-year high of $38.23.

Mosaic (NYSE:MOS) last announced its earnings results on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same period in the previous year, the company earned $0.34 earnings per share. The company’s revenue for the quarter was up 22.8% compared to the same quarter last year. On average, research analysts expect that Mosaic will post 2.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mosaic

A number of institutional investors have recently modified their holdings of the business. First Horizon Advisors Inc. lifted its holdings in Mosaic by 172.5% in the second quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 433 shares during the last quarter. Bangor Savings Bank acquired a new stake in shares of Mosaic during the 2nd quarter worth approximately $26,000. Rothschild Investment LLC raised its position in shares of 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 purchasing an additional 650 shares during the period. Rexford Capital Inc. bought a new stake in shares of Mosaic in the 2nd quarter worth approximately $28,000. Finally, True Wealth Design LLC boosted its position in Mosaic by 1,819.0% during 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 during the period. Institutional investors 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.