Wells Fargo & Company Issues Pessimistic Forecast for Mosaic (NYSE:MOS) Stock Price

Mosaic (NYSE:MOS) had its price target reduced by stock analysts at Wells Fargo & Company from $29.00 to $26.00 in a report released on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the basic materials company’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 11.40% from the stock’s current price.

MOS has been the subject of several other reports. Mizuho lowered their price target on Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday. Royal Bank of Canada reissued a “sector perform” rating and set a $30.00 target price on shares of Mosaic in a research note on Thursday, November 14th. Piper Sandler increased their price target on Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. Scotiabank lowered their price target on shares of Mosaic from $34.00 to $31.00 and set a “sector outperform” rating for the company in a report on Monday. Finally, Oppenheimer started coverage on Mosaic in a research report on Thursday, December 12th. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $31.90.

Mosaic Trading Down 2.4 %

Shares of MOS traded down $0.58 during mid-day trading on Monday, reaching $23.34. The stock had a trading volume of 7,798,243 shares, compared to its average volume of 5,649,776. The business’s fifty day moving average is $26.23 and its 200 day moving average is $26.42. Mosaic has a 52-week low of $23.05 and a 52-week high of $33.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The firm has a market cap of $7.41 billion, a price-to-earnings ratio of 20.66, a P/E/G ratio of 1.42 and a beta of 1.34.

Institutional Trading of Mosaic

A number of hedge funds have recently made changes to their positions in MOS. Norges Bank bought a new position in Mosaic during the 4th quarter worth approximately $97,363,000. Invesco Ltd. raised its position in shares of Mosaic by 29.3% during the 4th quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company’s stock valued at $332,005,000 after acquiring an additional 3,058,243 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Mosaic by 24.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company’s stock worth $271,382,000 after purchasing an additional 2,151,426 shares during the last quarter. Criteria Caixa S.A.U. acquired a new position in Mosaic in the fourth quarter worth $36,231,000. Finally, Covalis Capital LLP bought a new stake in Mosaic during the fourth quarter valued at $27,031,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

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.