Mosaic Co (MOS) is Downgraded by Susquehanna to Neutral

Mosaic Co (MOS) was Downgraded by Susquehanna to ” Neutral”. Earlier the firm had a rating of “Positive ” on the company shares. Susquehanna advised their investors in a research report released on Aug 17, 2016.

Many Wall Street Analysts have commented on Mosaic Co. Mosaic Co was Downgraded by Credit Suisse to ” Underperform” on Aug 2, 2016. Shares were Downgraded by RBC Capital Mkts on Jul 13, 2016 to ” Sector Perform” and Lowered the Price Target to $ 27 from a previous price target of $28 .Mosaic Co was Downgraded by HSBC Securities to ” Reduce” on May 23, 2016.

On the company’s financial health, Mosaic Co reported $0.06 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.12. The company had revenue of $1674.60 million for the quarter, compared to analysts expectations of $1745.86 million. The company’s revenue was down -32.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.05 EPS.

Mosaic Co opened for trading at $27.26 and hit $28.5 on the upside on Monday, eventually ending the session at $28.43, with a gain of 4.60% or 1.25 points. The heightened volatility saw the trading volume jump to 46,29,120 shares. Company has a market cap of $9,956 M.

In a different news, on Jun 6, 2016, Anthony T Brausen (Senior VP -Finance) sold 19,716 shares at $25.72 per share price. According to the SEC, on May 16, 2016, Richard L Mack (EVP, Chief Financial Officer) sold 36,629 shares at $25.62 per share price. On Mar 16, 2016, Gregory L Ebel (director) purchased 9,000 shares at $29.56 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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