Mosaic (NYSE:MOS) had its price objective increased by analysts at Royal Bank of Canada from $24.00 to $28.00 in a research note issued to investors on Friday. The firm currently has a “sector perform” rating on the basic materials company’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 2.87% from the stock’s current price.
Several other brokerages also recently commented on MOS. JPMorgan Chase & Co. began coverage on Mosaic in a report on Friday. They set a “neutral” rating and a $26.00 price target on the stock. Cowen increased their price target on Mosaic from $21.00 to $24.00 and gave the company a “market perform” rating in a report on Wednesday, November 22nd. Zacks Investment Research upgraded Mosaic from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Tuesday, November 14th. Citigroup increased their price objective on Mosaic from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, November 2nd. Finally, BMO Capital Markets increased their price objective on Mosaic from $23.00 to $24.00 and gave the company a “market perform” rating in a research report on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $24.68.
Shares of Mosaic (NYSE:MOS) traded up $0.15 during mid-day trading on Friday, reaching $27.22. The company’s stock had a trading volume of 3,263,240 shares, compared to its average volume of 5,280,000. Mosaic has a one year low of $19.23 and a one year high of $34.36. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.90 and a current ratio of 1.78. The firm has a market capitalization of $9,560.00, a P/E ratio of 28.65, a PEG ratio of 2.67 and a beta of 1.31.
A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Mosaic by 2.2% in the second quarter. Vanguard Group Inc. now owns 36,254,086 shares of the basic materials company’s stock worth $827,681,000 after purchasing an additional 793,205 shares during the period. State Street Corp lifted its position in Mosaic by 2.0% in the second quarter. State Street Corp now owns 19,950,012 shares of the basic materials company’s stock worth $455,461,000 after purchasing an additional 397,403 shares during the period. Shapiro Capital Management LLC lifted its position in Mosaic by 13.0% in the second quarter. Shapiro Capital Management LLC now owns 6,251,974 shares of the basic materials company’s stock worth $142,733,000 after purchasing an additional 718,812 shares during the period. FMR LLC lifted its position in Mosaic by 6.3% in the second quarter. FMR LLC now owns 5,428,123 shares of the basic materials company’s stock worth $123,923,000 after purchasing an additional 319,637 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Mosaic by 26.8% in the third quarter. Dimensional Fund Advisors LP now owns 4,364,003 shares of the basic materials company’s stock worth $94,211,000 after purchasing an additional 921,345 shares during the period. 76.77% of the stock is owned by hedge funds and other institutional investors.
Mosaic Company Profile
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. 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.
