BNP Paribas Exane Issues Pessimistic Forecast for Mosaic (NYSE:MOS) Stock Price

Mosaic (NYSE:MOS) had its price objective reduced by equities researchers at BNP Paribas Exane from $29.00 to $27.00 in a research report issued on Wednesday,MarketScreener reports. The brokerage presently has an “outperform” rating on the basic materials company’s stock. BNP Paribas Exane’s target price would indicate a potential upside of 23.98% from the company’s current price.

A number of other equities analysts have also recently issued reports on MOS. Berenberg Bank lowered their price objective on shares of Mosaic from $28.00 to $27.00 and set a “hold” rating for the company in a research report on Tuesday, May 19th. Rothschild & Co Redburn began coverage on shares of Mosaic in a research report on Friday. They issued a “buy” rating and a $30.00 target price on the stock. Mizuho decreased their target price on shares of Mosaic from $27.00 to $24.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Scotiabank reiterated an “outperform” rating and set a $30.00 price target on shares of Mosaic in a report on Tuesday, May 19th. Finally, The Goldman Sachs Group dropped their price target on Mosaic from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Mosaic has a consensus rating of “Hold” and a consensus target price of $27.11.

Mosaic Price Performance

Mosaic stock traded up $0.59 during midday trading on Wednesday, reaching $21.78. The company’s stock had a trading volume of 676,282 shares, compared to its average volume of 9,082,392. Mosaic has a 52 week low of $19.80 and a 52 week high of $38.23. The company has a current ratio of 1.25, a quick ratio of 0.45 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average price of $22.58 and a 200-day moving average price of $25.19. The stock has a market cap of $6.91 billion, a PE ratio of 166.94, a price-to-earnings-growth ratio of 2.65 and a beta of 0.79.

Mosaic (NYSE:MOS) last issued its earnings results on Monday, May 11th. The basic materials company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.15). Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period in the previous year, the firm posted $0.49 EPS. The firm’s revenue was up 14.4% compared to the same quarter last year. On average, sell-side analysts predict that Mosaic will post 0.83 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MOS. Brandywine Financial Group acquired a new position in Mosaic in the 1st quarter valued at approximately $6,757,000. NewEdge Advisors LLC raised its stake in shares of Mosaic by 757.5% during the first quarter. NewEdge Advisors LLC now owns 11,370 shares of the basic materials company’s stock valued at $290,000 after acquiring an additional 10,044 shares during the last quarter. Verus Capital Partners LLC acquired a new position in shares of Mosaic during the first quarter worth $218,000. Essential Partners LLC grew its stake in shares of Mosaic by 81.0% in the first quarter. Essential Partners LLC now owns 3,569 shares of the basic materials company’s stock worth $91,000 after purchasing an additional 1,597 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Mosaic by 7.4% in the first quarter. Bank of America Corp DE now owns 2,486,973 shares of the basic materials company’s stock worth $63,418,000 after purchasing an additional 170,724 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.