Berenberg Bank Has Lowered Expectations for Mosaic (NYSE:MOS) Stock Price

Mosaic (NYSE:MOS) had its target price decreased by equities researchers at Berenberg Bank from $38.00 to $28.00 in a research note issued on Tuesday,MarketScreener reports. The firm presently has a “hold” rating on the basic materials company’s stock. Berenberg Bank’s target price would indicate a potential upside of 21.86% from the stock’s previous close.

Several other analysts have also recently issued reports on MOS. Barclays restated an “equal weight” rating and issued a $31.00 target price on shares of Mosaic in a report on Tuesday, March 3rd. Wells Fargo & Company lowered their price target on Mosaic from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Morgan Stanley lowered their price target on Mosaic from $35.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. Canadian Imperial Bank of Commerce lowered their price target on Mosaic from $32.00 to $27.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Bank of America cut Mosaic from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $33.00 to $30.00 in a report on Friday, March 20th. Four equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $29.31.

Mosaic Price Performance

Shares of MOS traded up $0.01 during trading hours on Tuesday, hitting $22.98. 943,244 shares of the stock were exchanged, compared to its average volume of 8,753,911. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.47 and a current ratio of 1.32. Mosaic has a 12-month low of $22.74 and a 12-month high of $38.23. The company has a market cap of $7.30 billion, a price-to-earnings ratio of 13.60, a price-to-earnings-growth ratio of 1.39 and a beta of 0.79. The stock’s 50-day moving average price is $25.96 and its two-hundred day moving average price is $26.30.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, February 24th. The basic materials company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.26). Mosaic had a return on equity of 5.80% and a net margin of 4.49%.The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. Research analysts expect that Mosaic will post 1.56 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Mosaic in the 1st quarter valued at about $306,000. NFSG Corp increased its holdings in shares of Mosaic by 190.3% in the 1st quarter. NFSG Corp now owns 6,102 shares of the basic materials company’s stock valued at $156,000 after acquiring an additional 4,000 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Mosaic in the 1st quarter valued at about $245,000. Sigma Planning Corp purchased a new position in shares of Mosaic in the 1st quarter valued at about $342,000. Finally, Calamos Advisors LLC purchased a new position in shares of Mosaic in the 1st quarter valued at about $714,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Company Profile

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.