Mosaic (NYSE:MOS) Cut to "Sector Perform" at Scotiabank

Key Points

• Mosaic has been downgraded by Scotiabank from a "sector outperform" rating to a "sector perform" rating, with a target price set at $34.00, suggesting a potential upside of 1.61% from its previous close.
• Barclays and UBS Group also adjusted their target prices down to $44.00, while Oppenheimer maintained an "outperform" rating with a price objective of $43.00.
• Mosaic's latest earnings report revealed a miss in EPS estimates, reporting $0.51 compared to the expected $0.71, alongside revenue of $3.01 billion, which was below analyst predictions of $3.11 billion.

Mosaic (NYSE:MOS - Get Free Report) was downgraded by investment analysts at Scotiabank from a "sector outperform" rating to a "sector perform" rating in a report issued on Friday,Briefing.com Automated Import reports. They presently have a $34.00 target price on the basic materials company's stock. Scotiabank's target price would suggest a potential upside of 1.61% from the company's previous close.

A number of other analysts have also recently weighed in on MOS. Barclays dropped their target price on shares of Mosaic from $46.00 to $44.00 and set an "overweight" rating on the stock in a report on Thursday. UBS Group decreased their target price on shares of Mosaic from $46.00 to $44.00 and set a "buy" rating for the company in a research report on Monday. Oppenheimer reaffirmed an "outperform" rating and issued a $43.00 price objective (up previously from $39.00) on shares of Mosaic in a research note on Tuesday, July 15th. Wall Street Zen cut shares of Mosaic from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. Finally, Zacks Research upgraded shares of Mosaic from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $35.67.

Mosaic Stock Performance

Shares of MOS opened at $33.46 on Friday. The company has a 50-day moving average of $33.51 and a two-hundred day moving average of $33.00. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26. The stock has a market cap of $10.62 billion, a P/E ratio of 11.34, a PEG ratio of 1.62 and a beta of 1.00. Mosaic has a 12-month low of $22.36 and a 12-month high of $38.23.

Mosaic (NYSE:MOS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.20). Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period last year, the company posted $0.54 EPS. The business's revenue for the quarter was up 6.7% on a year-over-year basis. As a group, research analysts predict that Mosaic will post 2.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MOS. First Horizon Advisors Inc. boosted its stake in shares of Mosaic by 172.5% during the second quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 433 shares in the last quarter. Bangor Savings Bank acquired a new position in shares of Mosaic during the second quarter worth approximately $26,000. Rothschild Investment LLC raised its position in shares of Mosaic by 650.0% during the second quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company's stock worth $27,000 after purchasing an additional 650 shares during the period. Rexford Capital Inc. acquired a new position in shares of Mosaic during the second quarter worth approximately $28,000. Finally, Reyes Financial Architecture Inc. acquired a new position in shares of Mosaic during the second quarter worth approximately $31,000. Institutional investors own 77.54% 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 Mosaic Fertilizantes. 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, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.

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