UBS Group Lowers Mosaic (NYSE:MOS) Price Target to $28.00

Mosaic (NYSE:MOS) had its price objective decreased by equities researchers at UBS Group from $29.00 to $28.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the basic materials company’s stock. UBS Group’s target price would suggest a potential upside of 1.87% from the stock’s previous close.

MOS has been the topic of a number of other reports. Wells Fargo & Company boosted their price target on shares of Mosaic from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 19th. Scotiabank upped their price target on Mosaic from $31.00 to $34.00 and gave the company a “sector outperform” rating in a research report on Wednesday, March 19th. Morgan Stanley lowered their price objective on Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. JPMorgan Chase & Co. raised Mosaic from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $26.00 to $29.00 in a research note on Monday, March 3rd. Finally, Piper Sandler reiterated a “neutral” rating and set a $30.00 price target on shares of Mosaic in a report on Thursday, March 27th. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mosaic currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.42.

Mosaic Price Performance

NYSE MOS traded up $1.10 during mid-day trading on Wednesday, hitting $27.49. The stock had a trading volume of 1,627,083 shares, compared to its average volume of 4,573,862. The firm’s 50 day moving average is $25.80 and its 200 day moving average is $26.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The stock has a market capitalization of $8.71 billion, a price-to-earnings ratio of 24.29, a PEG ratio of 1.42 and a beta of 1.04. Mosaic has a twelve month low of $22.36 and a twelve month high of $32.29.

Institutional Trading of Mosaic

Institutional investors have recently added to or reduced their stakes in the stock. Willis Investment Counsel lifted its stake in Mosaic by 5.8% during the first quarter. Willis Investment Counsel now owns 135,138 shares of the basic materials company’s stock worth $3,650,000 after purchasing an additional 7,360 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new position in Mosaic during the 1st quarter worth about $27,000. Sapient Capital LLC purchased a new position in Mosaic during the 1st quarter valued at about $206,000. CX Institutional acquired a new position in Mosaic in the 1st quarter valued at about $226,000. Finally, Assenagon Asset Management S.A. increased its stake in Mosaic by 339.5% during the first quarter. Assenagon Asset Management S.A. now owns 363,704 shares of the basic materials company’s stock worth $9,824,000 after purchasing an additional 280,945 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.

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.