Mosaic (NYSE:MOS) Rating Lowered to Underweight at JPMorgan Chase & Co.

Mosaic (NYSE:MOS) was downgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a report issued on Wednesday, Marketbeat.com reports. They currently have a $18.00 target price on the basic materials company’s stock, down from their previous target price of $20.00. JPMorgan Chase & Co.‘s target price points to a potential downside of 8.86% from the stock’s current price.

A number of other research firms have also weighed in on MOS. Royal Bank of Canada dropped their price target on shares of Mosaic from $32.00 to $26.00 and set an “outperform” rating for the company in a research report on Friday, September 27th. They noted that the move was a valuation call. Cfra reiterated a “buy” rating and issued a $26.00 price target on shares of Mosaic in a research report on Thursday, November 7th. ValuEngine upgraded shares of Mosaic from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Citigroup upgraded shares of Mosaic from a “neutral” rating to a “buy” rating and upped their price target for the stock from $26.00 to $31.00 in a research report on Wednesday, July 31st. Finally, CIBC reiterated a “buy” rating and issued a $25.00 price target on shares of Mosaic in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $27.63.

Shares of MOS traded down $0.54 during mid-day trading on Wednesday, hitting $19.75. 3,126,952 shares of the company traded hands, compared to its average volume of 4,186,129. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.67 and a current ratio of 1.51. The stock has a 50-day moving average price of $20.18 and a two-hundred day moving average price of $21.87. Mosaic has a 1 year low of $17.36 and a 1 year high of $37.33. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of 9.32, a P/E/G ratio of 5.52 and a beta of 1.65.

Mosaic (NYSE:MOS) last announced its earnings results on Monday, November 4th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.67 billion. Mosaic had a negative net margin of 0.36% and a positive return on equity of 4.48%. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 earnings per share. On average, analysts forecast that Mosaic will post 0.53 EPS for the current year.

In related news, Director Cheryl K. Beebe bought 12,998 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was purchased at an average price of $19.21 per share, for a total transaction of $249,691.58. Following the completion of the transaction, the director now owns 23,704 shares in the company, valued at $455,353.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William T. Monahan bought 2,360 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were bought at an average price of $21.15 per share, with a total value of $49,914.00. Following the transaction, the director now owns 39,235 shares of the company’s stock, valued at approximately $829,820.25. The disclosure for this purchase can be found here. 0.51% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Stonebridge Capital Advisors LLC bought a new position in shares of Mosaic during the second quarter worth $32,000. Captrust Financial Advisors raised its stake in Mosaic by 207.9% during the second quarter. Captrust Financial Advisors now owns 1,404 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 948 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in Mosaic by 169.1% during the second quarter. Rockefeller Capital Management L.P. now owns 1,596 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 1,003 shares in the last quarter. Squar Milner Financial Services LLC raised its stake in Mosaic by 1,452.1% during the second quarter. Squar Milner Financial Services LLC now owns 1,878 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 1,757 shares in the last quarter. Finally, NuWave Investment Management LLC raised its stake in Mosaic by 244.6% during the third quarter. NuWave Investment Management LLC now owns 2,040 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 1,448 shares in the last quarter. Hedge funds and other institutional investors own 75.18% of the company’s stock.

About Mosaic

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 International Distribution. 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.

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Analyst Recommendations for Mosaic (NYSE:MOS)

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