Wells Fargo & Company Forecasts Strong Price Appreciation for Mosaic (NYSE:MOS) Stock

Mosaic (NYSE:MOS) had its price target lifted by investment analysts at Wells Fargo & Company from $26.00 to $28.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the basic materials company’s stock. Wells Fargo & Company‘s price target points to a potential downside of 0.42% from the company’s current price.

MOS has been the subject of several other reports. The Goldman Sachs Group assumed coverage on Mosaic in a report on Thursday, March 13th. They set a “buy” rating and a $31.00 price target for the company. Scotiabank lifted their price target on Mosaic from $31.00 to $34.00 and gave the company a “sector outperform” rating in a report on Wednesday. CIBC initiated coverage on Mosaic in a report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 target price for the company. JPMorgan Chase & Co. upgraded Mosaic from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $26.00 to $29.00 in a report on Monday, March 3rd. Finally, Morgan Stanley reduced their target price on Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $32.64.

Mosaic Stock Up 3.4 %

Shares of Mosaic stock traded up $0.92 during trading on Wednesday, hitting $28.12. 1,501,411 shares of the stock traded hands, compared to its average volume of 5,668,599. The stock has a market cap of $8.91 billion, a P/E ratio of 24.89, a PEG ratio of 1.42 and a beta of 1.34. 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 twelve month low of $22.48 and a twelve month high of $33.44. The company has a fifty day moving average price of $26.34 and a two-hundred day moving average price of $26.15.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Brooklyn Investment Group lifted its holdings in shares of Mosaic by 110.8% during the fourth 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 acquired a new position in shares of Mosaic during the fourth quarter worth approximately $33,000. Tobam bought a new stake in shares of Mosaic during the fourth quarter valued at approximately $38,000. Heck Capital Advisors LLC bought a new stake in shares of Mosaic during the fourth quarter valued at approximately $41,000. Finally, Larson Financial Group LLC increased its position in shares of Mosaic by 180,900.0% during 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 currently owned by institutional investors and hedge funds.

About Mosaic

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.