Mosaic (NYSE:MOS) Stock Rating Lowered by Oppenheimer

Mosaic (NYSE:MOS) was downgraded by investment analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Friday, Marketbeat reports.

Several other research analysts have also recently issued reports on MOS. Barclays cut their price target on shares of Mosaic from $35.00 to $31.00 and set an “overweight” rating for the company in a report on Tuesday, December 9th. Royal Bank Of Canada set a $27.00 price target on Mosaic in a report on Wednesday, December 10th. HSBC decreased their price target on Mosaic from $35.00 to $26.00 and set a “hold” rating on the stock in a research note on Monday, November 24th. Mizuho cut their price objective on Mosaic from $31.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, December 18th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Mosaic from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.07.

Mosaic Price Performance

Mosaic stock opened at $26.37 on Friday. 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 business has a 50 day simple moving average of $24.79 and a 200-day simple moving average of $30.21. Mosaic has a 12 month low of $22.36 and a 12 month high of $38.23. The stock has a market capitalization of $8.37 billion, a PE ratio of 6.83, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.01. The company had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.87 billion. Mosaic had a net margin of 10.33% and a return on equity of 6.46%. Mosaic’s revenue was up 22.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 EPS. Equities analysts predict that Mosaic will post 2.04 earnings per share for the current year.

Hedge Funds Weigh In On Mosaic

Several hedge funds have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. lifted its holdings in shares of Mosaic by 172.5% in the second 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. Geneos Wealth Management Inc. raised its position in shares of Mosaic by 169.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 601 shares during the last quarter. Rothschild Investment LLC lifted its stake in Mosaic by 650.0% in the 2nd quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock valued at $27,000 after buying an additional 650 shares in the last quarter. Rexford Capital Inc. acquired a new stake in Mosaic during the 2nd quarter valued at $28,000. Finally, True Wealth Design LLC increased its position in Mosaic by 1,819.0% during the third quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock worth $28,000 after buying an additional 764 shares in the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

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.