The stock analysts at BNP Paribas changed their recommendation for Mosaic (NYSE: MOS) from “neutral” to “underperform” in a research note that was distributed to investors on Friday. Briefing.com was the source for obtaining this information. The common stock of the basic materials company is projected to reach a price of $42.00 by these market analysts shortly. The price goal provided by BNP Paribas indicated that there is a possibility that the share price will fall by 10.60% from its current level at some point in the future.
In recent times, several other brokerages have also made public reports on MOS. These reports can be found on their respective websites. Both their “sector perform” rating and their price objective on Mosaic shares, which had previously been set at $65.00, were lowered by the Royal Bank of Canada, bringing them down to $60.00. On November 10th, the report was made publicly available. In a research note published on Monday, Credit Suisse Group announced that it was downgrading its recommendation for the shares of Mosaic from “outperform” to “underperform.” In a research note published on Wednesday, Morgan Stanley lowered their rating on Mosaic shares to “equal weight” and decreased their price objective on the company’s stock from $60.00 to $55.00. Both of these changes were made in response to recent market events. In a research note made public on November 9th, Mizuho announced that their price objective on Mosaic shares has dropped from $74.00 to $69.00. Despite this modification, the brokerage firm recommends “buying” company shares. In a research report that was made public on November 22nd, Piper Jaffray lowered their price target on Mosaic shares from $75.00 to $65.00 and rated the company as “overweight.” The report was made available online. Eight market analysts have provided buy recommendations, six market analysts have provided hold recommendations, and three equity research professionals have provided sell recommendations. The data provided by Bloomberg indicates that the current recommendation for the company is “Hold” and that the average price objective for the company is $60.50.
On Friday, shares of NYSE: MOS started the trading day priced at $46.98 each. The company’s market capitalization is sixteen billion dollars, its price-to-earnings ratio is four, its price-to-earnings-growth ratio is zero, and its beta value is 1.53. The moving average of the company’s stock price over the past 200 days is $50.16, while the moving average over the last 50 days is $47.69. The debt-to-equity ratio, the current ratio, and the quick ratio all come in at 0.28, but the quick ratio is much higher, coming in at 0.61. Over the last year, the price of Mosaic fell to an all-time low of $37.08 and rose to an all-time high of $79.28.
Various hedge funds and institutional investors have recently modified the method by which they keep track of their MOS positions.
Churchill Management Corporation made a new Mosaic investment worth $2,911,000 during the third quarter. Rehmann Capital Advisory Group invested $296,000 in Mosaic during the first three months of 2018. During the second quarter of the current fiscal year, Corient Capital Partners LLC completed the purchase of an additional 5.3% stake in Mosaic. After making an additional investment of 388 shares during the most recent quarter, Corient Capital Partners LLC now holds a total of 7,758 shares of the company’s common stock that specializes in primary materials. The value of these shares at this point is $366,000. The amount of Mosaic stock that Stratos Wealth Partners LTD. owned increased by 68.7% over the year’s second quarter. Following the purchase of an additional 2,781 shares during the most recent quarter, Stratos Wealth Partners LTD. now holds a total of 6,828 shares of the stock held by the basic materials company. The value of these shares, as of right now, is $322,000; these were acquired. Last but certainly not least, during the second quarter, Pendal Group Ltd. purchased an additional interest in Mosaic that was estimated to be worth approximately $466,000. At this time, 85% of the stock is owned by various hedge funds and other institutional investors.
Companies owned by The Mosaic Company are responsible for producing and distributing concentrated potassium and phosphate agricultural fertilizers throughout North America and other regions of the world. These products can be discovered in a large number of different agricultural environments. The business is divided into phosphates, potash, and mosaic fertilizers. Each division specializes in a specific type of fertilizer. The owner and manager of mines produce concentrated phosphate crop nutrients like ammoniated phosphate products, diammonium phosphate, and monoammonium phosphate. In addition, the company manufactures phosphate-based animal feed ingredients, most of which are marketed and sold under the brand names Biofos and Naxos. In addition, the company manufactures a potash-magnesia double sulfate product, which is marketed and sold under the brand name K-Mag.