Mosaic (NYSE:MOS) Rating Reaffirmed
The broker has just set a TP of $32.0 on Mosaic (NYSE:MOS) shares. This is 12.12% from the stock price. In recent note sent to investors and clients on 21 December, Cowen has reaffirmed their “Market Perform” rating on shares of MOS.
From a total of 10 analysts covering The Mosaic Company (NYSE:MOS) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 60% of the ratings are positive. The highest target price is $56 while the lowest target price is $33. The mean of all analyst targets is $41.89 with a 46.78% above today’s ($28.54) stock price. The Mosaic Company was the topic of 20 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Stifel Nicolaus maintained shares on November 5 with “Buy” rating. Bernstein initiated shares with “Mkt Perform” rating and $44 target share price in a report from a September 11. Bernstein upgraded MOS stock in a recent report from October 13 to “Outperform” rating.
The stock decreased 1.04% or $0.3 on December 18, striking $28.54. Approximately shares of stock traded hands. Mosaic Co (NYSE:MOS) has declined 38.86% since May 18, 2015 and is downtrending. It has underperformed by 33.05% the S&P500.
The overall sentiment of institutions has decreased to 1.02 in Q2 2015. Its down 0.29, from 1.31 in 2015Q2. The ratio is negative, as 90 institutions have sold all the shares of Mosaic Co that they owned while 170 funds have taken shares off the table. 60 funds have purchased shares for the first time while 204 added to their positions. These institutions now hold 255.65 million shares or 7.97% less than the 277.78 million shares they owned in 2015Q2.
The Fund Washington State Investment Board currently is holding shares equating to 3.86% of its total portfolio in Mosaic Co representing a total of 78,288 shares. Another fund,Pekin Singer Strauss Asset Management Il, is holding a total of 488,670 shares equating to 3.47% of their holdings. Additionally, Global Thematic Partners Llc has a 6.05 million share stake in Mosaic Co which represents 3.16% of their total portfolio. The Fund, Kempner Capital Management Inc., based out of Texas, has also built up a stake in the stock, which represents a total of 2.65% of their total portfolio. Finally Nikko Asset Management Americas Inc., a fund which is based in the state of New York reported a total holdings of 752,629 shares.
Insider activity is a very important aspect to track on any stock. Going back to May 22, 2015, shareholders of Mosaic Co have witnessed 0 insider buys, and a total of 1 sale equating to a net activity of approximately $234,225 . Davis Gary N. sold 5,298 shares worth approximately $234,225. Mack Richard L sold 9,582 shares worth approximately $435,436.
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The company has a market cap of $10.06 billion. The Firm is a single source supplier of phosphate and potash crop nutrients and animal feed ingredients. It has 8.68 P/E ratio. It operates in two divisions.
According to Zacks Investment Research, “The Mosaic Company is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. For the global agriculture industry, Mosaic is a single source for phosphates, potash, nitrogen fertilizers and feed ingredients.”