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.
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.
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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