The Goldman Sachs Group Forecasts Strong Price Appreciation for Mosaic (NYSE:MOS) Stock

Mosaic (NYSE:MOS) had its price target lifted by equities researchers at The Goldman Sachs Group from $30.00 to $32.00 in a note issued to investors on Wednesday,MarketScreener reports. The brokerage presently has a “buy” rating on the basic materials company’s stock. The Goldman Sachs Group’s target price would suggest a potential upside of 11.10% from the company’s previous close.

A number of other equities analysts have also recently issued reports on MOS. JPMorgan Chase & Co. lowered their price objective on shares of Mosaic from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Zacks Research upgraded shares of Mosaic from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mosaic in a research note on Monday, December 29th. UBS Group reduced their price objective on Mosaic from $38.00 to $33.00 and set a “buy” rating on the stock in a research report on Monday, January 12th. Finally, Morgan Stanley upped their target price on Mosaic from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 14th. Six investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.50.

Mosaic Price Performance

Shares of Mosaic stock traded up $0.64 during trading on Wednesday, reaching $28.80. 6,426,797 shares of the company’s stock were exchanged, compared to its average volume of 6,680,126. The firm’s 50-day moving average price is $24.97 and its 200 day moving average price is $29.92. The company has a market cap of $9.14 billion, a P/E ratio of 7.46, a PEG ratio of 1.30 and a beta of 0.94. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 1.14. Mosaic has a 1-year low of $22.36 and a 1-year high of $38.23.

Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, November 4th. The basic materials company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.03 by $0.01. The firm had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.87 billion. Mosaic had a return on equity of 6.46% and a net margin of 10.33%.The business’s quarterly revenue was up 22.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.34 earnings per share. As a group, research analysts anticipate that Mosaic will post 2.04 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Patton Fund Management Inc. increased its position in shares of Mosaic by 19.9% during the fourth quarter. Patton Fund Management Inc. now owns 9,066 shares of the basic materials company’s stock worth $218,000 after buying an additional 1,504 shares during the period. State of Alaska Department of Revenue grew its holdings in Mosaic by 149.7% during the 4th quarter. State of Alaska Department of Revenue now owns 84,894 shares of the basic materials company’s stock worth $2,044,000 after acquiring an additional 50,900 shares during the period. Foundation Resource Management Inc. raised its position in shares of Mosaic by 1.3% in the 4th quarter. Foundation Resource Management Inc. now owns 651,468 shares of the basic materials company’s stock worth $15,694,000 after acquiring an additional 8,321 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Mosaic in the 4th quarter valued at about $279,000. Finally, MH & Associates Securities Management Corp ADV bought a new stake in shares of Mosaic during the 4th quarter valued at about $1,516,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Company Profile

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.