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

Mosaic (NYSE:MOS) had its target price upped by equities research analysts at The Goldman Sachs Group from $30.00 to $32.00 in a research report issued on Wednesday,MarketScreener reports. The firm currently has a “buy” rating on the basic materials company’s stock. The Goldman Sachs Group’s target price suggests a potential upside of 11.10% from the stock’s current price.

Other research analysts have also issued reports about the company. Wolfe Research cut their price objective on Mosaic from $41.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. Mizuho dropped their target price on Mosaic from $31.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, December 18th. Barclays decreased their price target on Mosaic from $35.00 to $31.00 and set an “overweight” rating for the company in a report on Tuesday, December 9th. Wells Fargo & Company lowered their price objective on shares of Mosaic from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Bank of America dropped their price objective on shares of Mosaic from $39.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Six analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Mosaic has an average rating of “Hold” and an average price target of $31.50.

Mosaic Trading Up 2.3%

MOS stock traded up $0.64 during midday trading on Wednesday, reaching $28.80. 6,426,797 shares of the company’s stock traded hands, compared to its average volume of 6,680,126. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.40. Mosaic has a fifty-two week low of $22.36 and a fifty-two week high of $38.23. The business has a 50-day moving average price of $24.97 and a two-hundred day moving average price of $29.92. The company has a market capitalization of $9.14 billion, a P/E ratio of 7.46, a PEG ratio of 1.30 and a beta of 0.94.

Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, November 4th. The basic materials company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. The business had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.87 billion. Mosaic had a net margin of 10.33% and a return on equity of 6.46%. The business’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 EPS. Equities research analysts forecast that Mosaic will post 2.04 EPS for the current fiscal year.

Institutional Trading of Mosaic

Institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its stake in Mosaic by 632.6% during 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 acquiring an additional 7,294,205 shares during the last quarter. Norges Bank acquired a new stake in shares of Mosaic in the 2nd quarter valued at about $158,085,000. Bank of New York Mellon Corp lifted its position in shares of Mosaic by 102.3% during the third quarter. Bank of New York Mellon Corp now owns 7,701,610 shares of the basic materials company’s stock worth $267,092,000 after purchasing an additional 3,894,947 shares during the last quarter. Truist Financial Corp lifted its position in shares of Mosaic by 13,275.9% during the second quarter. Truist Financial Corp now owns 2,022,840 shares of the basic materials company’s stock worth $73,793,000 after purchasing an additional 2,007,717 shares during the last quarter. Finally, Merewether Investment Management LP acquired a new position in Mosaic in the second quarter worth about $72,380,000. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Company Profile

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.