Mosaic (NYSE:MOS) Hits New 52-Week Low at $26.09

The Mosaic Company (NYSE:MOS) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $26.09 and last traded at $26.39, with a volume of 121162 shares traded. The stock had previously closed at $27.38.

Analysts Set New Price Targets

A number of research firms have weighed in on MOS. Royal Bank of Canada reduced their price objective on shares of Mosaic from $32.00 to $30.00 and set a “sector perform” rating for the company in a research note on Monday, July 15th. Mizuho lowered their price objective on Mosaic from $34.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Piper Sandler cut their target price on Mosaic from $29.00 to $28.00 and set an “underweight” rating on the stock in a research note on Tuesday, June 11th. UBS Group decreased their price target on Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Finally, Barclays reduced their price objective on Mosaic from $42.00 to $39.00 and set an “overweight” rating for the company in a report on Monday, May 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Mosaic presently has a consensus rating of “Hold” and an average price target of $37.54.

Mosaic Trading Up 1.8 %

The company has a market capitalization of $8.68 billion, a P/E ratio of 11.49, a PEG ratio of 1.59 and a beta of 1.41. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.51 and a current ratio of 1.16. The stock has a fifty day moving average of $28.57 and a 200 day moving average of $30.20.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.12). Mosaic had a net margin of 6.07% and a return on equity of 8.23%. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the firm posted $1.04 earnings per share. The company’s revenue was down 17.0% compared to the same quarter last year. As a group, equities research analysts anticipate that The Mosaic Company will post 2.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MOS. Ballentine Partners LLC lifted its position in shares of Mosaic by 64.1% in the second quarter. Ballentine Partners LLC now owns 13,790 shares of the basic materials company’s stock valued at $399,000 after acquiring an additional 5,389 shares in the last quarter. Caprock Group LLC lifted its holdings in Mosaic by 63.0% in the 2nd quarter. Caprock Group LLC now owns 26,823 shares of the basic materials company’s stock worth $775,000 after purchasing an additional 10,369 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Mosaic by 301.6% in the 2nd quarter. Acadian Asset Management LLC now owns 65,675 shares of the basic materials company’s stock worth $1,895,000 after purchasing an additional 49,323 shares during the period. Oxbow Advisors LLC purchased a new stake in Mosaic during the 2nd quarter valued at approximately $3,572,000. Finally, Candriam S.C.A. raised its position in shares of Mosaic by 2.7% during the second quarter. Candriam S.C.A. now owns 19,712 shares of the basic materials company’s stock valued at $570,000 after buying an additional 521 shares during the last quarter. 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.