The Mosaic (NYSE: MOS) demoted by Zacks Investment Research to “Hold”
The Mosaic (NYSE: MOS) was downgraded by Zacks Investment Research from a “strong buy” rating to a “conservation” rating in a research note released Tuesday, Zacks.com reports. They currently have a price target of $ 40.00 on the stocks of the basic materials company. Zacks Investment Research’s price target suggests a potential rise of 3.52% from the company’s current price.
According to Zacks, “Mosaic’s earnings estimates for the third quarter have declined over the past month. The company is expected to benefit from a higher demand for fertilizer. Demand for phosphate and potash in North America was strong in 2020, and momentum is expected to continue throughout this year. The strong producer economy is driving the demand for fertilizer globally. The takeover of Vale Fertilizantes should also generate significant synergies. Mosaic should also benefit from its cost reduction initiatives. His efforts to reduce debt are also encouraging. Additionally, it has outperformed the industry over the past year. However, Mosaic faces challenges related to declining demand for phosphate in China and India and operational issues in the Fertilizantes unit. . “
MOS has been the subject of a number of other research reports. Scotiabank raised its target price on The Mosaic from $ 28.00 to $ 33.00 and assigned the stock a “sector performance” rating in a research note on Monday, June 7. Royal Bank of Canada raised its price target on The Mosaic from $ 45 to $ 50.00 and gave the company an “outperformance” rating in a research note on Wednesday, August 4. HSBC downgraded The Mosaic from a “custody” rating to a “buy” rating and raised its price target for the company from $ 37.00 to $ 39.00 in a research note on Friday 20 August. Finally, Bank of America raised its price target on The Mosaic from $ 50.00 to $ 52.00 and gave the company a “buy” rating in a research note on Tuesday, September 14. A stock research analyst rated the stock with a sell rating, seven issued a conservation rating, and nine assigned a buy rating to the company’s stock. According to MarketBeat, The Mosaic currently has an average “Hold” rating and a consensus target price of $ 36.72.
MOS stock traded up $ 0.37 during Tuesday’s noon session, reaching $ 38.64. The stock had a trade volume of 79,389 shares, compared to an average volume of 5,112,692. The stock has a market cap of $ 14.68 billion, a PE ratio of 10.44, a P / E ratio / G of 0.93 and a beta of 1.87. The company has a debt to equity ratio of 0.38, a quick ratio of 0.68, and a current ratio of 1.21. The company has a fifty-day simple moving average of $ 32.70 and a two-hundred-day simple moving average of $ 32.91. The mosaic has a 52 week low of $ 16.01 and a 52 week high of $ 38.94.
The Mosaic (NYSE: MOS) last released its results on Sunday, August 1. The basic materials company reported earnings per share (EPS) of $ 1.17 for the quarter, beating Zacks’ consensus estimate of $ 0.99 by $ 0.18. The company posted revenue of $ 2.80 billion in the quarter, compared to analysts’ estimates of $ 2.83 billion. Mosaic had a return on equity of 10.02% and a net margin of 14.25%. The company’s quarterly revenue increased 37.0% year-over-year. In the same quarter of last year, the company posted EPS of $ 0.11. On average, sell-side analysts forecast The Mosaic to post 4.87 EPS for the current fiscal year.
Several institutional investors have recently changed their positions in MOS. FMR LLC increased its stake in The Mosaic shares by 64.5% in the 2nd quarter. FMR LLC now owns 22,105,724 shares of the basic materials company valued at $ 705,394,000 after purchasing an additional 8,664,456 shares in the last quarter. Platinum Investment Management Ltd. purchased a new position in The Mosaic shares during the first quarter valued at approximately $ 92,597,000. Amundi took a new stake in The Mosaic in the second quarter for an amount of approximately $ 86,585,000. Amundi Asset Management US Inc. increased its stake in The Mosaic by 222.6% in the 1st quarter. Amundi Asset Management US Inc. now owns 3,915,967 shares of the basic materials company valued at $ 123,784,000 after purchasing an additional 2,701,960 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its stake in The Mosaic by 334.9% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,873,701 shares of the basic materials company valued at $ 91,700,000 after purchasing an additional 2,212,853 shares during the last quarter. Hedge funds and other institutional investors hold 73.43% of the company’s shares.
Mosaic Company Profile
The Mosaic Co is engaged in the production and marketing of concentrated nutrients for phosphate and potash crops. The company operates through its wholly and majority owned subsidiaries. It operates through the following segments: phosphates, potash and mosaic fertilizers. The Phosphates segment owns and operates mines and production facilities in North America that produce concentrated nutrients for phosphate crops and phosphate feed ingredients, as well as concentrated nutrients for crops.
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