Mosaic (NYSE:MOS) Price Target Raised to $30.00

by · The Cerbat Gem

Mosaic (NYSE:MOS – Get Free Report) had its price target increased by equities research analysts at Royal Bank of Canada from $28.00 to $30.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “sector perform” rating on the basic materials company’s stock. Royal Bank of Canada’s target price points to a potential upside of 25.47% from the company’s current price.

Several other equities research analysts have also recently weighed in on the stock. CIBC assumed coverage on shares of Mosaic in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price target for the company. Wells Fargo & Company raised their price objective on Mosaic from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 19th. Oppenheimer upgraded Mosaic from a “market perform” rating to an “outperform” rating and set a $33.00 target price on the stock in a research note on Thursday, March 20th. JPMorgan Chase & Co. raised shares of Mosaic from a “neutral” rating to an “overweight” rating and increased their price target for the company from $26.00 to $29.00 in a research report on Monday, March 3rd. Finally, Scotiabank boosted their price objective on shares of Mosaic from $31.00 to $34.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, March 19th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Mosaic has an average rating of “Hold” and a consensus price target of $32.83.

Check Out Our Latest Research Report on Mosaic

Mosaic Stock Down 7.9 %

Shares of NYSE MOS opened at $23.91 on Friday. Mosaic has a 52-week low of $22.48 and a 52-week high of $33.44. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 1.42 and a beta of 1.34. The stock has a 50 day moving average price of $26.49 and a 200 day moving average price of $26.24. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19.

Institutional Investors Weigh In On Mosaic

Institutional investors and hedge funds have recently modified their holdings of the company. Brooklyn Investment Group increased its holdings in Mosaic by 110.8% in the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after buying an additional 587 shares during the period. R Squared Ltd acquired a new stake in shares of Mosaic in the fourth quarter worth $33,000. Tobam purchased a new position in shares of Mosaic during the fourth quarter worth $38,000. Heck Capital Advisors LLC acquired a new position in Mosaic during the fourth quarter valued at $41,000. Finally, Ethos Financial Group LLC purchased a new stake in Mosaic in the fourth quarter valued at $55,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

About Mosaic

(Get Free Report)

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.

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