Morgan Stanley Lowers Mosaic (NYSE:MOS) Price Target to $28.00

Mosaic (NYSE:MOS) had its price objective lowered by stock analysts at Morgan Stanley from $35.00 to $28.00 in a report released on Thursday,MarketScreener reports. The firm currently has an “equal weight” rating on the basic materials company’s stock. Morgan Stanley’s target price suggests a potential upside of 3.15% from the company’s previous close.

Several other brokerages have also recently weighed in on MOS. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mosaic in a research note on Monday, December 29th. Mizuho decreased their target price on shares of Mosaic from $31.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, December 18th. Wells Fargo & Company lowered their price target on shares of Mosaic from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday, January 23rd. Zacks Research raised shares of Mosaic from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. Finally, Wolfe Research decreased their price objective on Mosaic from $41.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, January 16th. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Mosaic currently has an average rating of “Hold” and a consensus target price of $31.13.

Mosaic Stock Up 0.6%

NYSE MOS traded up $0.17 on Thursday, reaching $27.15. The company had a trading volume of 1,073,189 shares, compared to its average volume of 6,776,505. The company’s fifty day moving average is $27.07 and its 200-day moving average is $28.79. The firm has a market capitalization of $8.62 billion, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 1.32 and a beta of 0.97. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 1.14. Mosaic has a 1-year low of $22.36 and a 1-year high of $38.23.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, February 24th. The basic materials company reported $0.22 EPS 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 the consensus estimate of $3.02 billion. Mosaic had a net margin of 4.49% and a return on equity of 5.77%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 earnings per share. On average, research analysts forecast that Mosaic will post 2.04 earnings per share for the current fiscal year.

Institutional Trading of Mosaic

Hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. grew its stake in 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 buying an additional 7,555 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Mosaic in the fourth quarter valued at approximately $1,260,000. Invesco Ltd. increased its stake in shares of Mosaic by 28.9% during the fourth quarter. Invesco Ltd. now owns 11,840,398 shares of the basic materials company’s stock worth $285,235,000 after purchasing an additional 2,653,969 shares during the period. Corient Private Wealth LLC lifted its holdings in Mosaic by 247.8% during the 4th quarter. Corient Private Wealth LLC now owns 50,271 shares of the basic materials company’s stock worth $1,148,000 after purchasing an additional 35,817 shares during the last quarter. Finally, Vident Advisory LLC increased its position in Mosaic by 32.3% during the 4th quarter. Vident Advisory LLC now owns 56,423 shares of the basic materials company’s stock worth $1,359,000 after buying an additional 13,762 shares during the period. Institutional investors and hedge funds 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.