Cowen & Co. Sticks to Its Hold Rating for Mosaic Co

By Ryan Adsit

In a report released yesterday, Charles Neivert from Cowen & Co. reiterated a Hold rating on Mosaic Co (NYSE: MOS), with a price target of $25. The company’s shares closed yesterday at $27.22.

According to TipRanks.com, Neivert is a 5-star analyst with an average return of 17.0% and a 72.6% success rate. Neivert covers the Consumer Goods sector, focusing on stocks such as GCP Applied Technologies, Westlake Chemical Corp, and Eastman Chemical.

Currently, the analyst consensus on Mosaic Co is Hold and the average price target is $25.60, representing a -6.0% downside.

In a report released yesterday, RBC Capital also maintained a Hold rating on the stock with a $28 price target.

The company has a one-year high of $34.36 and a one-year low of $19.23. Currently, Mosaic Co has an average volume of 4.72M.

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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.