Mosaic (MOS) Downgraded to Hold at ValuEngine

Share on StockTwits

ValuEngine lowered shares of Mosaic (NYSE:MOS) from a buy rating to a hold rating in a report issued on Tuesday morning.

Other analysts have also issued reports about the stock. Cowen upped their price target on shares of Mosaic from $38.00 to $43.00 and gave the stock an outperform rating in a research note on Thursday, November 15th. Citigroup raised shares of Mosaic from a neutral rating to a buy rating and upped their price target for the stock from $36.00 to $40.00 in a research note on Wednesday, October 10th. Royal Bank of Canada upped their price target on shares of Mosaic from $36.00 to $40.00 and gave the stock a buy rating in a research note on Monday, October 1st. They noted that the move was a valuation call. Stephens set a $45.00 price target on shares of Mosaic and gave the stock a buy rating in a research note on Wednesday, November 7th. Finally, Credit Suisse Group set a $30.00 target price on shares of Mosaic and gave the company a sell rating in a research note on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $35.64.

Shares of NYSE:MOS traded down $0.17 during trading on Tuesday, reaching $31.40. The company had a trading volume of 129,986 shares, compared to its average volume of 3,487,335. The firm has a market cap of $12.08 billion, a P/E ratio of 28.71, a P/E/G ratio of 1.88 and a beta of 1.53. Mosaic has a twelve month low of $22.90 and a twelve month high of $37.37. The company has a current ratio of 1.67, a quick ratio of 0.89 and a debt-to-equity ratio of 0.42.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Monday, November 5th. The basic materials company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.11. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.95 billion. Mosaic had a negative net margin of 0.80% and a positive return on equity of 6.17%. The business’s revenue for the quarter was up 47.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 EPS. Equities research analysts forecast that Mosaic will post 1.92 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 21st. Investors of record on Thursday, March 7th will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Wednesday, March 6th. Mosaic’s dividend payout ratio is presently 9.17%.

A number of hedge funds have recently added to or reduced their stakes in MOS. Rehmann Capital Advisory Group raised its holdings in shares of Mosaic by 12,038.5% during the second quarter. Rehmann Capital Advisory Group now owns 4,734 shares of the basic materials company’s stock valued at $133,000 after acquiring an additional 4,695 shares during the period. First Hawaiian Bank acquired a new stake in shares of Mosaic during the third quarter valued at approximately $175,000. Glenmede Trust Co. NA raised its holdings in shares of Mosaic by 49.4% during the third quarter. Glenmede Trust Co. NA now owns 5,613 shares of the basic materials company’s stock valued at $181,000 after acquiring an additional 1,856 shares during the period. Nations Financial Group Inc. IA ADV acquired a new stake in shares of Mosaic during the third quarter valued at approximately $201,000. Finally, Advisor Partners LLC acquired a new stake in shares of Mosaic during the third quarter valued at approximately $204,000. 75.27% of the stock is owned by institutional investors and hedge funds.

Mosaic Company Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. 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.

Further Reading: What are the Different Types of Leveraged Buyouts?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Mosaic (NYSE:MOS)

Receive News & Ratings for Mosaic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mosaic and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply