Mosaic (NYSE:MOS) Lowered to Underweight Rating by Barclays

Mosaic (NYSE:MOS) was downgraded by investment analysts at Barclays from an “overweight” rating to an “underweight” rating in a research note issued to investors on Tuesday, MarketBeat reports. They currently have a $27.00 target price on the basic materials company’s stock, down from their previous target price of $30.00. Barclays‘s target price points to a potential downside of 0.53% from the company’s previous close.

MOS has been the topic of several other research reports. Piper Sandler upgraded Mosaic from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $26.00 to $30.00 in a report on Monday, January 13th. CIBC started coverage on Mosaic in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price objective for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $30.00 target price on shares of Mosaic in a report on Thursday, November 14th. Oppenheimer initiated coverage on shares of Mosaic in a research note on Thursday, December 12th. They issued a “market perform” rating on the stock. Finally, Wells Fargo & Company decreased their price objective on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Mosaic has a consensus rating of “Hold” and a consensus price target of $34.82.

Mosaic Stock Up 1.6 %

Shares of MOS opened at $27.14 on Tuesday. The firm has a market cap of $8.62 billion, a P/E ratio of 24.02, a P/E/G ratio of 1.44 and a beta of 1.34. Mosaic has a 1 year low of $23.56 and a 1 year high of $33.44. The stock has a 50 day simple moving average of $25.63 and a two-hundred day simple moving average of $26.69. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.24). The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. Mosaic’s revenue for the quarter was down 20.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.68 EPS. On average, analysts forecast that Mosaic will post 2.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mosaic

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP increased its stake in shares of Mosaic by 131.4% during the second quarter. Quarry LP now owns 38,894 shares of the basic materials company’s stock valued at $1,124,000 after purchasing an additional 22,084 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Mosaic by 44.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock valued at $86,189,000 after buying an additional 986,812 shares in the last quarter. Swedbank AB raised its stake in Mosaic by 2.3% during the third quarter. Swedbank AB now owns 1,269,494 shares of the basic materials company’s stock valued at $33,997,000 after buying an additional 28,816 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Mosaic during the third quarter valued at $1,251,000. Finally, Point72 DIFC Ltd bought a new stake in Mosaic in the second quarter worth $1,815,000. Hedge funds and other 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.