Mizuho Issues Pessimistic Forecast for Mosaic (NYSE:MOS) Stock Price

Mosaic (NYSE:MOS) had its target price reduced by analysts at Mizuho from $30.00 to $27.00 in a research report issued on Wednesday,MarketScreener reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. Mizuho’s price objective indicates a potential upside of 9.15% from the company’s current price.

MOS has been the subject of a number of other reports. Morgan Stanley decreased their target price on Mosaic from $35.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. Wall Street Zen lowered Mosaic from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Scotiabank decreased their target price on Mosaic from $36.00 to $35.00 and set a “sector outperform” rating for the company in a research report on Monday, March 2nd. The Goldman Sachs Group decreased their target price on Mosaic from $32.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Wells Fargo & Company decreased their price objective on Mosaic from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, January 23rd. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Mosaic presently has an average rating of “Hold” and a consensus target price of $30.00.

Mosaic Stock Performance

MOS stock opened at $24.74 on Wednesday. The stock has a 50-day moving average price of $27.15 and a 200-day moving average price of $27.08. Mosaic has a 1-year low of $23.06 and a 1-year high of $38.23. The company has a current ratio of 1.32, a quick ratio of 0.47 and a debt-to-equity ratio of 0.35. The firm has a market cap of $7.85 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 2.42 and a beta of 0.95.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.26). Mosaic had a return on equity of 5.80% and a net margin of 4.49%.The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period last year, the business posted $0.45 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis. As a group, equities research analysts expect that Mosaic will post 2.04 earnings per share for the current year.

Hedge Funds Weigh In On Mosaic

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Dorsey Wright & Associates purchased a new stake in shares of Mosaic during the third quarter worth $4,170,000. Wedge Capital Management L L P NC increased its holdings in shares of Mosaic by 87.5% in the fourth quarter. Wedge Capital Management L L P NC now owns 376,905 shares of the basic materials company’s stock worth $9,080,000 after purchasing an additional 175,914 shares during the period. Barclays PLC increased its stake in Mosaic by 55.6% in the third quarter. Barclays PLC now owns 1,606,609 shares of the basic materials company’s stock valued at $55,717,000 after acquiring an additional 574,352 shares during the last quarter. Algert Global LLC increased its stake in Mosaic by 26.3% in the third quarter. Algert Global LLC now owns 380,138 shares of the basic materials company’s stock valued at $13,183,000 after acquiring an additional 79,222 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in Mosaic in the fourth quarter valued at $1,302,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

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.