Mosaic (NYSE:MOS) Price Target Raised to $32.00 at The Goldman Sachs Group

by · The Markets Daily

Mosaic (NYSE:MOS – Get Free Report) had its price objective upped by stock analysts at The Goldman Sachs Group from $30.00 to $32.00 in a note issued to investors on Wednesday,MarketScreener reports. The firm currently has a “buy” rating on the basic materials company’s stock. The Goldman Sachs Group’s price objective points to a potential upside of 11.10% from the company’s previous close.

Several other research analysts have also recently issued reports on MOS. CIBC lowered their price objective on Mosaic from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Oppenheimer set a $35.00 price objective on shares of Mosaic in a research note on Friday, January 16th. Royal Bank Of Canada boosted their price objective on Mosaic from $27.00 to $29.00 and gave the company a “sector perform” rating in a research note on Tuesday. Morgan Stanley increased their price objective on Mosaic from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday, January 14th. Finally, BNP Paribas Exane cut their target price on shares of Mosaic from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, November 24th. Six investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, Mosaic currently has an average rating of “Hold” and a consensus target price of $31.50.

Check Out Our Latest Report on Mosaic

Mosaic Stock Up 2.3%

NYSE MOS traded up $0.64 on Wednesday, hitting $28.80. 6,426,797 shares of the stock were exchanged, compared to its average volume of 6,680,126. Mosaic has a fifty-two week low of $22.36 and a fifty-two week high of $38.23. The company has a 50-day moving average price of $24.97 and a 200-day moving average price of $29.92. The company has a market cap of $9.14 billion, a PE ratio of 7.46, a PEG ratio of 1.30 and a beta of 0.94. The company has a quick ratio of 0.40, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOS – Get Free Report) last released its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.01. The business had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.87 billion. Mosaic had a net margin of 10.33% and a return on equity of 6.46%. The company’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 EPS. Sell-side analysts anticipate that Mosaic will post 2.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Mosaic by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 38,661,647 shares of the basic materials company’s stock worth $1,340,786,000 after purchasing an additional 160,953 shares in the last quarter. State Street Corp boosted its stake in shares of Mosaic by 2.0% during the second quarter. State Street Corp now owns 13,056,284 shares of the basic materials company’s stock valued at $476,293,000 after acquiring an additional 251,496 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Mosaic by 11.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 12,576,151 shares of the basic materials company’s stock worth $436,140,000 after purchasing an additional 1,285,883 shares in the last quarter. Invesco Ltd. increased its position in Mosaic by 3.7% during the 3rd quarter. Invesco Ltd. now owns 9,186,429 shares of the basic materials company’s stock worth $318,585,000 after purchasing an additional 331,739 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in Mosaic by 632.6% in the 3rd quarter. AQR Capital Management LLC now owns 8,447,324 shares of the basic materials company’s stock valued at $291,348,000 after purchasing an additional 7,294,205 shares during the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Company Profile

(Get Free Report)

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.

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