The Goldman Sachs Group Issues Pessimistic Forecast for Mosaic (NYSE:MOS) Stock Price

Mosaic (NYSE:MOS) had its target price lowered by investment analysts at The Goldman Sachs Group from $32.00 to $31.00 in a research note issued on Tuesday,MarketScreener reports. The firm currently has a “buy” rating on the basic materials company’s stock. The Goldman Sachs Group’s target price suggests a potential upside of 30.76% from the stock’s current price.

A number of other brokerages have also recently commented on MOS. Morgan Stanley lowered their target price on Mosaic from $35.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. Weiss Ratings cut shares of Mosaic from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, April 7th. Freedom Capital lowered shares of Mosaic from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 19th. Scotiabank dropped their price objective on shares of Mosaic from $36.00 to $35.00 and set a “sector outperform” rating for the company in a report on Monday, March 2nd. Finally, Canadian Imperial Bank of Commerce upped their target price on shares of Mosaic from $29.00 to $32.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 17th. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Mosaic currently has an average rating of “Hold” and an average target price of $30.00.

Mosaic Stock Down 1.0%

NYSE:MOS opened at $23.71 on Tuesday. Mosaic has a 52 week low of $23.06 and a 52 week high of $38.23. The stock’s fifty day moving average is $27.21 and its two-hundred day moving average is $27.10. The stock has a market capitalization of $7.53 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 2.44 and a beta of 0.95. The company has a quick ratio of 0.47, a current ratio of 1.32 and a debt-to-equity ratio of 0.35.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26). The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.02 billion. Mosaic had a net margin of 4.49% and a return on equity of 5.80%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 earnings per share. Research analysts anticipate that Mosaic will post 2.04 EPS for the current year.

Hedge Funds Weigh In On Mosaic

A number of institutional investors and hedge funds have recently made changes to their positions in MOS. Rockefeller Capital Management L.P. raised its holdings in Mosaic by 57.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 31,065 shares of the basic materials company’s stock valued at $748,000 after acquiring an additional 11,382 shares in the last quarter. Corient Private Wealth LLC grew its holdings in Mosaic by 126.3% during the 4th quarter. Corient Private Wealth LLC now owns 32,712 shares of the basic materials company’s stock worth $788,000 after acquiring an additional 18,258 shares in the last quarter. Hsbc Holdings PLC grew its holdings in Mosaic by 94.4% during the 4th quarter. Hsbc Holdings PLC now owns 1,014,987 shares of the basic materials company’s stock worth $24,556,000 after acquiring an additional 493,008 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Mosaic by 22.2% in the 4th quarter. Pacer Advisors Inc. now owns 41,663 shares of the basic materials company’s stock valued at $1,004,000 after purchasing an additional 7,555 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Mosaic in the 4th quarter valued at approximately $1,260,000. 77.54% of the stock is 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.