Mosaic (NYSE:MOS) Given New $34.00 Price Target at Scotiabank

Mosaic (NYSE:MOS) had its price objective hoisted by analysts at Scotiabank from $31.00 to $34.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “sector outperform” rating on the basic materials company’s stock. Scotiabank’s price target suggests a potential upside of 19.74% from the company’s current price.

Several other research analysts also recently weighed in on the stock. Barclays raised shares of Mosaic from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $27.00 to $33.00 in a research report on Wednesday. Royal Bank of Canada lifted their target price on shares of Mosaic from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 4th. Wells Fargo & Company lowered their price objective on shares of Mosaic from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Morgan Stanley lowered their price objective on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Finally, Piper Sandler boosted their price objective on shares of Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. Seven 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, the company currently has a consensus rating of “Hold” and a consensus price target of $32.67.

Mosaic Stock Performance

Mosaic stock opened at $28.40 on Wednesday. The firm’s 50 day simple moving average is $26.48 and its 200-day simple moving average is $26.17. The company has a market cap of $9.00 billion, a P/E ratio of 25.13, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. Mosaic has a fifty-two week low of $22.48 and a fifty-two week high of $33.44.

Institutional Trading of Mosaic

Several large investors have recently added to or reduced their stakes in the business. Intellectus Partners LLC grew its position in Mosaic by 3.3% in the fourth quarter. Intellectus Partners LLC now owns 12,350 shares of the basic materials company’s stock worth $304,000 after acquiring an additional 400 shares in the last quarter. Arizona State Retirement System grew its position in Mosaic by 0.5% in the fourth quarter. Arizona State Retirement System now owns 92,550 shares of the basic materials company’s stock worth $2,275,000 after acquiring an additional 471 shares in the last quarter. Probity Advisors Inc. grew its position in Mosaic by 6.2% in the fourth quarter. Probity Advisors Inc. now owns 8,701 shares of the basic materials company’s stock worth $214,000 after acquiring an additional 508 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Mosaic by 1.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,516 shares of the basic materials company’s stock worth $799,000 after acquiring an additional 570 shares in the last quarter. Finally, Brooklyn Investment Group grew its position in Mosaic by 110.8% in the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 587 shares in the last quarter. 77.54% of the stock is owned by institutional investors.

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.