Cowen & Co. Reiterates a Buy Rating on Mosaic Co

By Austin Angelo

In a report released today, Charles Neivert from Cowen & Co. reiterated a Buy rating on Mosaic Co (NYSE: MOS), with a price target of $35. The company’s shares closed yesterday at $28.02, close to its 52-week high of $29.20.

According to TipRanks.com, Neivert is a 5-star analyst with an average return of 15.8% and a 68.8% success rate. Neivert covers the Consumer Goods sector, focusing on stocks such as Westlake Chemical Corp, LyondellBasell, and CF Industries.

Currently, the analyst consensus on Mosaic Co is Moderate Buy and the average price target is $28.83, representing a 2.9% upside.

In a report issued on May 10, RBC Capital also upgraded the stock to Buy with a $32 price target.

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The company has a one-year high of $29.20 and a one-year low of $19.23. Currently, Mosaic Co has an average volume of 4.67M.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MOS in relation to earlier this year.

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The Mosaic Co. engages in the production and marketing of concentrated phosphate and potash crop nutrients. The company operates its businesses through its wholly and majority owned subsidiaries. It operates through the following segments: Phosphates, Potash, and International Distribution.