Mosaic (NYSE:MOS) Now Covered by Analysts at The Goldman Sachs Group

Research analysts at The Goldman Sachs Group initiated coverage on shares of Mosaic (NYSE:MOS) in a research note issued on Thursday,Benzinga reports. The brokerage set a “buy” rating and a $31.00 price target on the basic materials company’s stock. The Goldman Sachs Group’s price target suggests a potential upside of 25.58% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. Royal Bank of Canada boosted their target price on Mosaic from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 4th. Wells Fargo & Company cut their price objective on Mosaic from $29.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Barclays upgraded shares of Mosaic from an “underweight” rating to an “equal weight” rating and set a $27.00 target price on the stock in a research report on Wednesday, March 5th. Morgan Stanley cut their price target 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. Finally, Piper Sandler boosted their price objective on shares of Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $31.64.

Mosaic Stock Down 0.7 %

MOS stock opened at $24.69 on Thursday. The stock 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. The company has a fifty day moving average of $26.25 and a 200-day moving average of $26.23. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. Mosaic has a one year low of $22.48 and a one year high of $33.44.

Hedge Funds Weigh In On Mosaic

Institutional investors have recently made changes to their positions in the stock. Crossmark Global Holdings Inc. boosted its stake in shares of Mosaic by 1.5% during the third quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company’s stock valued at $625,000 after acquiring an additional 354 shares during the last quarter. Intellectus Partners LLC boosted its stake in shares of Mosaic by 3.3% during the 4th quarter. Intellectus Partners LLC now owns 12,350 shares of the basic materials company’s stock worth $304,000 after purchasing an additional 400 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Mosaic by 0.5% during the fourth quarter. Arizona State Retirement System now owns 92,550 shares of the basic materials company’s stock worth $2,275,000 after buying an additional 471 shares in the last quarter. Probity Advisors Inc. raised its position in shares of Mosaic by 6.2% in the fourth quarter. Probity Advisors Inc. now owns 8,701 shares of the basic materials company’s stock valued at $214,000 after buying an additional 508 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Mosaic by 1.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,516 shares of the basic materials company’s stock valued at $799,000 after buying an additional 570 shares during the period. 77.54% of the stock is owned by institutional investors and hedge funds.

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.