Mosaic (NYSE:MOS) Price Target Raised to $29.00

Mosaic (NYSE:MOS) had its price target raised by equities research analysts at Mizuho from $28.00 to $29.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the basic materials company’s stock. Mizuho’s target price suggests a potential upside of 12.19% from the company’s previous close.

Several other research analysts have also commented on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $30.00 price target on shares of Mosaic in a research note on Monday, August 12th. Barclays decreased their price objective on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Finally, Wells Fargo & Company decreased their price objective on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $33.22.

Mosaic Stock Down 7.8 %

Mosaic stock opened at $25.85 on Wednesday. The firm has a market cap of $8.24 billion, a PE ratio of 34.93, a P/E/G ratio of 1.76 and a beta of 1.35. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.54 and a current ratio of 1.16. The firm’s 50 day moving average price is $26.40 and its two-hundred day moving average price is $27.97. Mosaic has a twelve month low of $24.11 and a twelve month high of $38.30.

Institutional Trading of Mosaic

Hedge funds have recently bought and sold shares of the stock. Kingsview Wealth Management LLC acquired a new stake in shares of Mosaic during the 1st quarter valued at about $1,776,000. Manning & Napier Advisors LLC acquired a new stake in shares of Mosaic during the 2nd quarter valued at about $3,610,000. Price T Rowe Associates Inc. MD boosted its position in shares of Mosaic by 1,815.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,682,108 shares of the basic materials company’s stock valued at $346,743,000 after acquiring an additional 10,124,427 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Mosaic by 5.1% during the 1st quarter. Vanguard Group Inc. now owns 39,357,229 shares of the basic materials company’s stock valued at $1,277,536,000 after purchasing an additional 1,893,797 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Mosaic by 25.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 399,210 shares of the basic materials company’s stock valued at $12,958,000 after purchasing an additional 80,634 shares during the last quarter. 77.54% of the stock is owned by institutional investors.

Mosaic Company Profile

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.