Cowen & Company Downgrades Mosaic Co to Underperform

Brokerage firm Cowen & Company Downgrades its rating on Mosaic Co(NYSE:MOS). The shares have been rated Underperform. Previously, the analysts had a Market Perform rating on the shares. The rating by Cowen & Company was issued on Apr 14, 2016.

In a different note, On Apr 4, 2016, CIBC said it Downgrades its rating on Mosaic Co. The shares have been rated ‘Underperformer’ by the firm. On Mar 16, 2016, Morgan Stanley said it Downgrades its rating on Mosaic Co. In the research note, the firm Lowers the price-target to $42.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Mar 16, 2016, UBS said it Maintains its rating on Mosaic Co. In the research note, the firm Raises the price-target to $28.00 per share. The shares have been rated ‘Buy’ by the firm. On Mar 11, 2016, Atlantic Equities said it Downgrades its rating on Mosaic Co. The shares have been rated ‘Underweight’ by the firm. On Feb 16, 2016, Barclays said it Maintains its rating on Mosaic Co. In the research note, the firm Lowers the price-target to $33.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Feb 16, 2016, Societe Generale said it Downgrades its rating on Mosaic Co. The shares have been rated ‘Sell’ by the firm.

Mosaic Co (MOS) made into the market gainers list on Mondays trading session with the shares advancing 1.49% or 0.39 points. Due to strong positive momentum, the stock ended at $26.5, which is also near the day’s high of $26.72. The stock began the session at $25.96 and the volume stood at 45,39,887 shares. The 52-week high of the shares is $47.68 and the 52 week low is $22.02. The company has a current market capitalization of $9,342 M and it has 35,25,16,130 shares in outstanding.

Mosaic Co(MOS) last announced its earnings results on Feb 11, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $2.16B. Analysts had an estimated revenue of $1.93B. Earnings per share were $0.43. Analysts had estimated an EPS of $0.44.

Several Insider Transactions has been reported to the SEC. On Mar 16, 2016, Gregory L Ebel (director) purchased 9,000 shares at $29.56 per share price.Also, On Feb 24, 2016, Anthony T Brausen (Senior VP -Finance) sold 7,800 shares at $24.69 per share price.On Feb 24, 2016, James Calvin O’rourke (CEO) purchased 3,000 shares at $24.98 per share price, according to the Form-4 filing with the securities and exchange commission.

The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company is a single source supplier of phosphate and potash-based crop nutrients and animal feed ingredients. It operates in two segments. The Phosphates segment owns and operates mines and production facilities in Florida which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients and processing plants in Louisiana which produce concentrated phosphate crop nutrients. The Potash segment owns and operates potash mines and production facilities in Canada and the United States which produce potash-based crop nutrients animal feed ingredients and industrial products. It mines phosphate rock in Florida and process rock into finished phosphate products at facilities in Florida and Louisiana. It also mines potash in Saskatchewan and New Mexico. The Company has other production blending or distribution operations in Brazil China India and Paraguay.

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