Mosaic (NYSE:MOS) Price Target Raised to $28.00

Mosaic (NYSE:MOS - Get Free Report) had its target price raised by equities researchers at Royal Bank of Canada from $27.00 to $28.00 in a research note issued to investors on Tuesday, Marketbeat.com reports. The firm currently has a "sector perform" rating on the basic materials company's stock. Royal Bank of Canada's price target points to a potential upside of 11.57% from the stock's previous close.

Several other equities analysts have also weighed in on MOS. CIBC started coverage on shares of Mosaic in a report on Tuesday, December 10th. They set a "neutral" rating and a $55.00 price objective on the stock. Wells Fargo & Company dropped their price target on Mosaic from $29.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. Piper Sandler raised their price objective on Mosaic from $30.00 to $33.00 and gave the company a "neutral" rating in a research note on Monday, January 27th. Scotiabank lowered their target price on Mosaic from $34.00 to $31.00 and set a "sector outperform" rating on the stock in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. upgraded Mosaic from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $26.00 to $29.00 in a report on Monday, March 3rd. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $31.70.

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Mosaic Trading Up 1.5 %

MOS stock traded up $0.38 during trading on Tuesday, hitting $25.10. The company had a trading volume of 6,437,629 shares, compared to its average volume of 5,817,999. The stock has a market cap of $7.95 billion, a PE ratio of 22.21, a PEG ratio of 1.42 and a beta of 1.34. The business has a 50-day moving average of $26.22 and a 200-day moving average of $26.31. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. Mosaic has a one year low of $22.48 and a one year high of $33.44.

Institutional Investors Weigh In On Mosaic

A number of institutional investors have recently modified their holdings of MOS. Wealth Enhancement Advisory Services LLC lifted its position in Mosaic by 1.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 41,038 shares of the basic materials company's stock valued at $1,099,000 after purchasing an additional 653 shares during the period. State of Alaska Department of Revenue raised its stake in Mosaic by 4.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 37,014 shares of the basic materials company's stock valued at $991,000 after buying an additional 1,550 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Mosaic by 6.9% during the 3rd quarter. US Bancorp DE now owns 26,535 shares of the basic materials company's stock valued at $711,000 after buying an additional 1,707 shares during the period. Stephens Inc. AR boosted its stake in shares of Mosaic by 20.1% in the 3rd quarter. Stephens Inc. AR now owns 10,498 shares of the basic materials company's stock worth $281,000 after buying an additional 1,756 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Mosaic by 115.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 69,188 shares of the basic materials company's stock worth $1,853,000 after acquiring an additional 37,099 shares during the period. 77.54% of the stock is owned by hedge funds and other 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.