Mosaic Co (MOS) Receives a Buy from CFRA

By Jason Carr

In a report issued on September 7, Christopher Muir from CFRA maintained a Buy rating on Mosaic Co (MOSResearch Report), with a price target of $27. The company’s shares closed last Monday at $20.18, close to its 52-week low of $17.36.

Muir noted:

“We see revenues falling 1.9% in 2019 and rising 5.08% in 2020 versus a 29.4% jump in 2018. We see higher prices and volumes for potash in 2019, but see sales challenges from the failed tailings dam in Fertilizantes and poor weather delaying or canceling some North American phosphate applications. Prices should be helped by a more favorable supply and demand environment for MOS’s products in 2020 and we see higher volumes as well.”

According to TipRanks.com, Muir is ranked #2399 out of 5535 analysts.

Mosaic Co has an analyst consensus of Moderate Buy, with a price target consensus of $28, which is a 42.6% upside from current levels. In a report issued on August 27, UBS also maintained a Buy rating on the stock with a $30 price target.

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The company has a one-year high of $37.37 and a one-year low of $17.36. Currently, Mosaic Co has an average volume of 5.18M.

Based on the recent corporate insider activity of 30 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 Mosaic Fertilizantes.