Price targets and ratings
Since Mosaic’s (MOS) 1Q16 earnings update is out, let’s look at how the next-12-month analyst price targets and ratings have changed.
Following Mosaic’s 1Q16 earnings release, Wall Street analysts revised their next-12-month price target up by 0.5% from $24.08 to $24.24. However, the consensus price target a month ago was $28.2. This shows a continuing weakness in the market over the next 12 months. It’s still a 4.4% upside from $26.08 on May 5, 2016.
Over the years, we’ve seen Mosaic’s share price move in tandem with analysts’ price targets. When analysts lowered their 12-month price targets, Mosaic stock also fell and vice versa. Since the earnings release on March 4, 2016, Mosaic’s share prices have fallen about 8.5%.
Of the 22 analysts surveyed by Bloomberg, about 32% of them gave Mosaic (MOS) a “buy” rating. About 41% of analysts issued a “hold” rating, and only 27% issued “sell” rating. We believe this came on the back of long-term prospects for agricultural fertilizers, which will continue to play an important role in growing crops to feed a growing global population.
To get access to an array of agricultural fertilizer companies, you may consider the VanEck Vectors Agribusiness ETF (MOO), which has invested about 14% of its portfolio in PotashCorp (POT), CF Industries Holdings (CF), and Agrium (AGU) combined.
To get more updates on fertilizer companies, you can visit our Agricultural Fertilizers page.