The Goldman Sachs Group Begins Coverage on Mosaic (NYSE:MOS)

Analysts at The Goldman Sachs Group assumed coverage on shares of Mosaic (NYSE:MOS) in a report released on Thursday,Benzinga reports. The firm set a “buy” rating and a $31.00 price target on the basic materials company’s stock. The Goldman Sachs Group’s target price points to a potential upside of 25.58% from the company’s current price.

Other equities analysts have also issued research reports about the company. Mizuho decreased their target price on Mosaic from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Monday, March 3rd. Scotiabank reduced their price target on shares of Mosaic from $34.00 to $31.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 3rd. Morgan Stanley dropped their price objective on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Barclays raised shares of Mosaic from an “underweight” rating to an “equal weight” rating and set a $27.00 price target for the company in a research report on Wednesday, March 5th. Finally, Piper Sandler upped their price objective on Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.64.

Mosaic Stock Down 0.7 %

Mosaic stock opened at $24.69 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The firm has a 50 day moving average price of $26.25 and a 200 day moving average price of $26.23. Mosaic has a fifty-two week low of $22.48 and a fifty-two week high of $33.44. The company has a market capitalization of $7.82 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34.

Institutional Investors Weigh In On Mosaic

A number of institutional investors and hedge funds have recently bought and sold shares of MOS. Brooklyn Investment Group grew its stake in Mosaic by 110.8% during 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 last quarter. R Squared Ltd purchased a new stake in Mosaic in the 4th quarter valued at $33,000. Tobam acquired a new stake in Mosaic during the 4th quarter worth $38,000. Heck Capital Advisors LLC purchased a new position in Mosaic during the 4th quarter worth $41,000. Finally, Larson Financial Group LLC increased its stake in Mosaic by 180,900.0% in the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 1,809 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.