Mosaic Co (MOS) is Downgraded by HSBC Securities to Reduce

Mosaic Co (MOS) was Downgraded by HSBC Securities to ” Reduce”. Earlier the firm had a rating of “Hold ” on the company shares. HSBC Securities advised their investors in a research report released on May 23, 2016.

Many Wall Street Analysts have commented on Mosaic Co. Shares were Reiterated by RBC Capital Mkts on Apr 26, 2016 to “Outperform” and Lowered the Price Target to $ 29 from a previous price target of $30 .Barclays Downgraded Mosaic Co on Apr 19, 2016 to ” Underweight”, Price Target of the shares are set at $22.Mosaic Co was Downgraded by HSBC Securities to ” Hold” on Apr 11, 2016.

On the company’s financial health, Mosaic Co reported $0.14 EPS for the quarter, based on the information available during the earnings call on May 4, 2016. Analyst had a consensus estimate of $0.14. The company had revenue of $1674.00 million for the quarter, compared to analysts expectations of $1560.26 million. The company’s revenue was down -21.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.70 EPS.

Mosaic Co opened for trading at $25.78 and hit $26.36 on the upside on Friday, eventually ending the session at $25.94, with a gain of 1.05% or 0.27 points. The heightened volatility saw the trading volume jump to 41,25,068 shares. Company has a market cap of $9,074 M.

In a different news, on May 16, 2016, Richard L Mack (EVP, Chief Financial Officer) sold 36,629 shares at $25.62 per share price. According to the SEC, on Mar 16, 2016, Gregory L Ebel (director) purchased 9,000 shares at $29.56 per share price. On Feb 24, 2016, Anthony T Brausen (Senior VP -Finance) sold 7,800 shares at $24.69 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.

Mosaic Co

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