Scotiabank Forecasts Strong Price Appreciation for Mosaic (NYSE:MOS) Stock

Mosaic (NYSE:MOS) had its price target hoisted by equities research analysts at Scotiabank from $31.00 to $34.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “sector outperform” rating on the basic materials company’s stock. Scotiabank’s price target suggests a potential upside of 21.48% from the company’s previous close.

A number of other analysts have also recently weighed in on MOS. Morgan Stanley reduced their target price 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. The Goldman Sachs Group started coverage on shares of Mosaic in a report on Thursday, March 13th. They set a “buy” rating and a $31.00 target price for the company. Oppenheimer started coverage on shares of Mosaic in a report on Thursday, December 12th. They set a “market perform” rating for the company. Wells Fargo & Company decreased their price objective on shares of Mosaic from $29.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Finally, Mizuho decreased their price objective on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday, March 3rd. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $32.45.

Mosaic Trading Up 2.9 %

Mosaic stock opened at $27.99 on Wednesday. The firm has a 50 day simple moving average of $26.34 and a 200-day simple moving average of $26.15. 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 $8.87 billion, a PE ratio of 24.77, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. Mosaic has a 12-month low of $22.48 and a 12-month high of $33.44.

Hedge Funds Weigh In On Mosaic

Institutional investors have recently added to or reduced their stakes in the company. 111 Capital bought a new position in shares of Mosaic in the fourth quarter worth about $740,000. PKO Investment Management Joint Stock Co bought a new position in shares of Mosaic in the fourth quarter worth about $270,000. Probity Advisors Inc. raised its stake 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 worth $214,000 after acquiring an additional 508 shares during the last quarter. Siemens Fonds Invest GmbH bought a new position in shares of Mosaic in the fourth quarter worth about $224,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Mosaic in the fourth quarter worth about $5,214,000. 77.54% of the stock is owned by 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.