Weiss Ratings Reaffirms Hold (C) Rating for Mosaic (NYSE:MOS)

Key Points

• Weiss Ratings has reiterated a "hold" rating for Mosaic (NYSE:MOS), reflecting a cautious outlook amid mixed responses from other analysts.
• Recently, Zacks Research upgraded Mosaic to a "strong-buy," while others, such as Wall Street Zen, downgraded it to a "hold," showcasing varying analyst perspectives.
• Mosaic's recent quarterly earnings missed expectations, reporting $0.51 EPS against an anticipated $0.71, alongside a revenue of $3.01 billion compared to forecasts of $3.11 billion.

Mosaic (NYSE:MOS - Get Free Report)'s stock had its "hold (c)" rating reiterated by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other equities analysts have also recently commented on MOS. Zacks Research upgraded shares of Mosaic from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 14th. JPMorgan Chase & Co. boosted their price target on shares of Mosaic from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Monday, August 11th. Wall Street Zen cut shares of Mosaic from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. Scotiabank lowered their price target on shares of Mosaic from $42.00 to $39.00 and set a "sector outperform" rating on the stock in a report on Monday, August 11th. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Mosaic in a report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $36.25.

Mosaic Price Performance

NYSE MOS opened at $34.77 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44. The firm has a market capitalization of $11.04 billion, a PE ratio of 11.79, a P/E/G ratio of 1.65 and a beta of 1.00. Mosaic has a 12 month low of $22.36 and a 12 month high of $38.23. The company's 50 day simple moving average is $33.57 and its 200 day simple moving average is $32.96.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share (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 business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same quarter last year, the firm posted $0.54 EPS. The company's quarterly revenue was up 6.7% compared to the same quarter last year. As a group, equities research analysts forecast that Mosaic will post 2.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp increased its holdings in shares of Mosaic by 2.0% during the 2nd quarter. State Street Corp now owns 13,056,284 shares of the basic materials company's stock worth $476,293,000 after purchasing an additional 251,496 shares during the period. Dimensional Fund Advisors LP boosted its position in Mosaic by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 11,497,545 shares of the basic materials company's stock valued at $310,549,000 after buying an additional 456,327 shares in the last quarter. Geode Capital Management LLC boosted its position in Mosaic by 1.2% in the second quarter. Geode Capital Management LLC now owns 8,216,928 shares of the basic materials company's stock valued at $299,180,000 after buying an additional 95,952 shares in the last quarter. Boston Partners boosted its position in Mosaic by 42.2% in the first quarter. Boston Partners now owns 7,979,380 shares of the basic materials company's stock valued at $215,540,000 after buying an additional 2,368,094 shares in the last quarter. Finally, Norges Bank bought a new position in Mosaic in the 2nd quarter worth approximately $158,085,000. Institutional investors own 77.54% of the company's stock.

Mosaic Company Profile

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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