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

Mosaic (NYSE:MOS) had its target price cut by equities research analysts at Wolfe Research from $37.00 to $36.00 in a note issued to investors on Thursday,MarketScreener reports. The firm currently has an “outperform” rating on the basic materials company’s stock. Wolfe Research’s price objective suggests a potential upside of 29.57% from the stock’s current price.

Several other analysts also recently weighed in on MOS. Wells Fargo & Company decreased their target price on Mosaic from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, January 23rd. Zacks Research raised shares of Mosaic from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 9th. Morgan Stanley lowered their price objective on shares of Mosaic from $35.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday. Weiss Ratings restated a “hold (c-)” rating on shares of Mosaic in a research note on Monday, December 29th. Finally, HSBC reduced their target price on shares of Mosaic from $35.00 to $26.00 and set a “hold” rating on the stock in a research report on Monday, November 24th. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Mosaic currently has an average rating of “Hold” and an average price target of $31.00.

Mosaic Trading Up 2.3%

Shares of NYSE:MOS traded up $0.63 during trading hours on Thursday, hitting $27.79. 6,436,540 shares of the company’s stock traded hands, compared to its average volume of 6,154,316. The firm has a market capitalization of $8.82 billion, a P/E ratio of 16.44, a price-to-earnings-growth ratio of 1.26 and a beta of 0.97. The business has a fifty day moving average price of $27.21 and a 200-day moving average price of $28.74. Mosaic has a 1 year low of $22.36 and a 1 year high of $38.23. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.40.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the prior year, the business posted $0.45 earnings per share. Mosaic’s revenue was up 5.6% on a year-over-year basis. Equities analysts expect that Mosaic will post 2.04 earnings per share for the current year.

Hedge Funds Weigh In On Mosaic

A number of large investors have recently bought and sold shares of the business. First Horizon Advisors Inc. grew its stake in shares of Mosaic by 172.5% during 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. Geneos Wealth Management Inc. boosted its stake in Mosaic by 169.3% in 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 in the last quarter. Rothschild Investment LLC grew its position in 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 last quarter. Rexford Capital Inc. acquired a new position in Mosaic during the 2nd quarter valued at approximately $28,000. Finally, True Wealth Design LLC raised its holdings in shares of Mosaic by 1,819.0% in 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 during the last quarter. Institutional investors own 77.54% of the company’s stock.

About Mosaic

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.