Mosaic (NYSE:MOS) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Mosaic (NYSE:MOS - Get Free Report) had its price objective lifted by analysts at Wells Fargo & Company from $35.00 to $38.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an "equal weight" rating on the basic materials company's stock. Wells Fargo & Company's price target suggests a potential upside of 4.91% from the company's current price.

Several other analysts have also recently issued reports on the stock. BNP Paribas raised shares of Mosaic to a "strong-buy" rating in a report on Wednesday, April 9th. UBS Group upped their price target on shares of Mosaic from $28.00 to $31.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Oppenheimer reaffirmed an "outperform" rating and issued a $43.00 price target (up from $39.00) on shares of Mosaic in a report on Tuesday, July 15th. Barclays upped their price target on shares of Mosaic from $40.00 to $46.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $30.00 price target on shares of Mosaic in a report on Thursday, March 27th. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Mosaic has a consensus rating of "Moderate Buy" and an average target price of $35.58.

Mosaic Trading Up 2.7%

Shares of NYSE MOS traded up $0.95 during midday trading on Thursday, reaching $36.22. 4,523,216 shares of the stock were exchanged, compared to its average volume of 4,850,797. The company has a market capitalization of $11.49 billion, a P/E ratio of 31.22, a P/E/G ratio of 2.07 and a beta of 1.12. Mosaic has a 52-week low of $22.36 and a 52-week high of $38.23. The company has a current ratio of 1.12, a quick ratio of 0.44 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average price of $35.80 and a 200-day moving average price of $29.97.

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

Insiders Place Their Bets

In other Mosaic news, SVP Walter F. Precourt III sold 18,000 shares of the company's stock in a transaction dated 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 sale, the senior vice president directly owned 128,546 shares of the company's stock, valued at approximately $4,592,948.58. This represents a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.86% of the company's stock.

Hedge Funds Weigh In On Mosaic

Large investors have recently made changes to their positions in the business. Ancora Advisors LLC grew 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 purchasing an additional 350 shares during the last quarter. NewEdge Advisors LLC grew 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 purchasing an additional 380 shares during the last quarter. Twin Capital Management Inc. boosted its position in shares of Mosaic by 2.7% in the first quarter. Twin Capital Management Inc. now owns 14,590 shares of the basic materials company's stock valued at $394,000 after acquiring an additional 384 shares during the period. UMB Bank n.a. boosted its position in shares of Mosaic by 25.7% in the second quarter. UMB Bank n.a. now owns 1,893 shares of the basic materials company's stock valued at $69,000 after acquiring an additional 387 shares during the period. Finally, Strengthening Families & Communities LLC boosted its position in shares of Mosaic by 12.0% in the first quarter. Strengthening Families & Communities LLC now owns 4,210 shares of the basic materials company's stock valued at $116,000 after acquiring an additional 450 shares during the period. Institutional investors and hedge funds own 77.54% of the company's stock.

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.