Mosaic (NYSE:MOS) Price Target Raised to $38.00 at Wells Fargo & Company

Mosaic (NYSE:MOS - Get Free Report) had its price objective raised by Wells Fargo & Company from $35.00 to $38.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an "equal weight" rating on the basic materials company's stock. Wells Fargo & Company's price objective suggests a potential upside of 7.75% from the company's previous close.

Several other equities research analysts have also commented on MOS. Oppenheimer reissued an "outperform" rating and set a $43.00 price objective (up previously from $39.00) on shares of Mosaic in a research note on Tuesday. UBS Group boosted their price objective on shares of Mosaic from $28.00 to $31.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Scotiabank reissued an "outperform" rating on shares of Mosaic in a research note on Wednesday, May 14th. JPMorgan Chase & Co. upped their target price on shares of Mosaic from $29.00 to $35.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Finally, Barclays upped their target price on shares of Mosaic from $40.00 to $46.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Mosaic currently has an average rating of "Moderate Buy" and a consensus price target of $35.58.

Mosaic Stock Down 0.7%

NYSE:MOS traded down $0.25 during mid-day trading on Thursday, hitting $35.27. 5,249,362 shares of the company's stock were exchanged, compared to its average volume of 4,838,388. Mosaic has a one year low of $22.36 and a one year high of $38.23. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.12 and a quick ratio of 0.44. The business has a fifty day moving average price of $35.72 and a 200 day moving average price of $29.81. The company has a market cap of $11.19 billion, a PE ratio of 30.40, a P/E/G ratio of 2.07 and a beta of 1.12.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.45 by $0.04. Mosaic had a net margin of 3.32% and a return on equity of 4.91%. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. Mosaic's quarterly revenue was down 2.2% on a year-over-year basis. Equities analysts predict that Mosaic will post 2.04 EPS for the current year.

Insider Buying and Selling at Mosaic

In other news, SVP Walter F. Precourt III sold 18,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $35.73, for a total transaction of $643,140.00. Following the completion of the transaction, the senior vice president directly owned 128,546 shares of the company's stock, valued at $4,592,948.58. The trade was a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MOS. Ancora Advisors LLC increased its holdings in Mosaic by 0.9% during the first quarter. Ancora Advisors LLC now owns 40,256 shares of the basic materials company's stock valued at $1,087,000 after buying an additional 350 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Mosaic by 27.8% during the first quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company's stock valued at $47,000 after buying an additional 380 shares during the last quarter. Twin Capital Management Inc. increased its holdings in Mosaic by 2.7% during the first quarter. Twin Capital Management Inc. now owns 14,590 shares of the basic materials company's stock valued at $394,000 after buying an additional 384 shares during the last quarter. UMB Bank n.a. increased its holdings in Mosaic by 25.7% during the second quarter. UMB Bank n.a. now owns 1,893 shares of the basic materials company's stock valued at $69,000 after buying an additional 387 shares during the last quarter. Finally, Strengthening Families & Communities LLC increased its holdings in Mosaic by 12.0% during the first quarter. Strengthening Families & Communities LLC now owns 4,210 shares of the basic materials company's stock valued at $116,000 after buying an additional 450 shares during the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

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.