The Goldman Sachs Group Issues Pessimistic Forecast for Mosaic (NYSE:MOS) Stock Price

Key Points

• Goldman Sachs cut its price target on Mosaic to $31 from $32 but kept a "buy" rating, implying roughly a 26.5% upside from the current share price.
• Mosaic's latest quarter missed expectations—$0.22 EPS vs. $0.48 expected and $2.97B revenue vs. $3.02B expected—leaving analysts divided and a consensus rating of "Hold" with an average target of $30.20.
• Institutional investors own about 77.54% of Mosaic, with several funds (including HSBC and Rockefeller) increasing positions in the most recent quarter, indicating ongoing institutional interest despite mixed fundamentals.

Mosaic (NYSE:MOS - Get Free Report) had its price objective cut by equities research analysts at The Goldman Sachs Group from $32.00 to $31.00 in a report issued on Tuesday,MarketScreener reports. The firm presently has a "buy" rating on the basic materials company's stock. The Goldman Sachs Group's price objective suggests a potential upside of 26.50% from the stock's current price.

Several other research firms have also recently issued reports on MOS. Mizuho increased their price objective on Mosaic from $28.00 to $30.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 25th. UBS Group cut shares of Mosaic from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $33.00 to $27.00 in a research note on Thursday, March 26th. Royal Bank Of Canada set a $28.00 price target on shares of Mosaic and gave the company a "sector perform" rating in a report on Tuesday, April 7th. BNP Paribas Exane reduced their price objective on shares of Mosaic from $35.00 to $33.00 and set an "outperform" rating for the company in a research note on Wednesday, March 25th. Finally, Weiss Ratings downgraded shares of Mosaic from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, April 7th. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Mosaic presently has a consensus rating of "Hold" and an average target price of $30.20.

Mosaic Trading Down 0.1%

MOS opened at $24.51 on Tuesday. The company has a quick ratio of 0.47, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. Mosaic has a 52 week low of $23.06 and a 52 week high of $38.23. The business's 50 day moving average is $27.40 and its two-hundred day moving average is $27.20. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 2.52 and a beta of 0.95.

Mosaic (NYSE:MOS - Get Free Report) last announced its earnings results on Tuesday, February 24th. The basic materials company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.26). Mosaic had a net margin of 4.49% and a return on equity of 5.80%. The business had revenue of $2.97 billion during the quarter, compared to analysts' expectations of $3.02 billion. During the same period in the previous year, the company posted $0.45 earnings per share. Mosaic's quarterly revenue was up 5.6% on a year-over-year basis. On average, research analysts predict that Mosaic will post 2.04 EPS for the current year.

Institutional Trading of Mosaic

Institutional investors and hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. raised its position in shares of Mosaic by 57.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 31,065 shares of the basic materials company's stock worth $748,000 after purchasing an additional 11,382 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Mosaic by 126.3% during the 4th quarter. Corient Private Wealth LLC now owns 32,712 shares of the basic materials company's stock valued at $788,000 after buying an additional 18,258 shares during the last quarter. Hsbc Holdings PLC increased its position in Mosaic by 94.4% during the fourth quarter. Hsbc Holdings PLC now owns 1,014,987 shares of the basic materials company's stock worth $24,556,000 after buying an additional 493,008 shares in the last quarter. Pacer Advisors Inc. increased its position in Mosaic by 22.2% during the fourth quarter. Pacer Advisors Inc. now owns 41,663 shares of the basic materials company's stock worth $1,004,000 after buying an additional 7,555 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Mosaic in the fourth quarter worth $1,260,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.