Mosaic (NYSE:MOS) Given New $28.00 Price Target at Wells Fargo & Company

Mosaic (NYSE:MOS) had its price objective hoisted 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 1.39% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Morgan Stanley reduced their target price on Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Oppenheimer assumed coverage on Mosaic in a research note on Thursday, December 12th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. raised Mosaic from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $26.00 to $29.00 in a research note on Monday, March 3rd. CIBC initiated coverage on Mosaic in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price target on the stock. Finally, The Goldman Sachs Group initiated coverage on Mosaic in a research note on Thursday, March 13th. They issued a “buy” rating and a $31.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Mosaic has a consensus rating of “Hold” and an average price target of $32.67.

Mosaic Price Performance

MOS opened at $28.40 on Wednesday. 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 52-week low of $22.48 and a 52-week high of $33.44. The stock has a market capitalization of $9.00 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The stock’s 50 day moving average price is $26.48 and its 200-day moving average price is $26.17.

Institutional Investors Weigh In On Mosaic

Several hedge funds have recently added to or reduced their stakes in MOS. GSA Capital Partners LLP bought a new stake in Mosaic in the third quarter worth $244,000. CIBC Asset Management Inc boosted its holdings in Mosaic by 6.4% in the third quarter. CIBC Asset Management Inc now owns 54,721 shares of the basic materials company’s stock worth $1,465,000 after acquiring an additional 3,301 shares in the last quarter. Natixis Advisors LLC bought a new stake in Mosaic in the third quarter worth $299,000. Thrivent Financial for Lutherans boosted its holdings in Mosaic by 8.5% in the third quarter. Thrivent Financial for Lutherans now owns 190,195 shares of the basic materials company’s stock worth $5,093,000 after acquiring an additional 14,967 shares in the last quarter. Finally, Banque Cantonale Vaudoise boosted its holdings in Mosaic by 67.2% in the third quarter. Banque Cantonale Vaudoise now owns 79,014 shares of the basic materials company’s stock worth $2,117,000 after acquiring an additional 31,766 shares in the last quarter. 77.54% of the stock is owned by 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.