Price targets and ratings
Now that Mosaic’s (MOS) 2Q16 earnings update is out, let’s look at how the next-12-month analyst price targets and ratings have changed.
Following Mosaic’s 2Q16 earnings release, Wall Street analysts revised their next-12-month price target down to $25.48 from $25.64. Bear in mind that this consensus price target is below the August 2, 2016, market price of $27.30. Following the earnings release on August 2, 2016, Mosaic’s share prices rose by about 2.4%.
Over the years, we’ve seen Mosaic’s share price move in tandem with analysts’ price targets. When analysts lower their 12-month price targets, Mosaic’s stock falls, and vice versa.
Of the 22 analysts surveyed by Bloomberg, about 18% of them gave Mosaic (MOS) a “buy” rating. About 46% of analysts issued a “hold” rating, and 36% issued “sell” rating. We believe this came on the back of the 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 could 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.