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

Mosaic (NYSE:MOS) had its price objective upped by equities research analysts at Wells Fargo & Company from $26.00 to $28.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the basic materials company’s stock. Wells Fargo & Company‘s price objective indicates a potential downside of 0.42% from the stock’s previous close.

MOS has been the topic of a number of other reports. Morgan Stanley lowered their target price on Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Scotiabank lifted their target price on Mosaic from $31.00 to $34.00 and gave the stock a “sector outperform” rating in a report on Wednesday. JPMorgan Chase & Co. raised Mosaic from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $26.00 to $29.00 in a report on Monday, March 3rd. Royal Bank of Canada lifted their target price on Mosaic from $27.00 to $28.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 4th. Finally, Oppenheimer started coverage on Mosaic in a report on Thursday, December 12th. They set a “market perform” rating on the stock. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $32.64.

Mosaic Stock Performance

Shares of NYSE MOS traded up $0.92 during midday trading on Wednesday, reaching $28.12. 1,501,411 shares of the company traded hands, compared to its average volume of 5,668,599. Mosaic has a 52 week low of $22.48 and a 52 week high of $33.44. The stock has a 50-day moving average price of $26.34 and a 200 day moving average price 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 company has a market cap of $8.91 billion, a price-to-earnings ratio of 24.89, a PEG ratio of 1.42 and a beta of 1.34.

Hedge Funds Weigh In On Mosaic

Several institutional investors and hedge funds have recently bought and sold shares of the business. 111 Capital purchased a new position in Mosaic during the 4th quarter valued at about $740,000. PKO Investment Management Joint Stock Co purchased a new position in Mosaic during the 4th quarter valued at about $270,000. Probity Advisors Inc. grew its stake in Mosaic by 6.2% during the 4th quarter. Probity Advisors Inc. now owns 8,701 shares of the basic materials company’s stock valued at $214,000 after acquiring an additional 508 shares in the last quarter. Siemens Fonds Invest GmbH purchased a new position in Mosaic during the 4th quarter valued at about $224,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Mosaic during the 4th quarter valued at about $5,214,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

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.