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March Update for Mosiac’s Target Price and Ratings

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Mosaic

The Mosaic Company (MOS) reported its earnings on February 19. Around that time, the stock was trading at $26.7. In the following days, the stock reached a peak of $28.8. On March 14, the stock closed almost 1.5% higher since its earnings update. Let’s look at changes in analysts’ ratings and target price.

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Analysts’ ratings

The current consensus mean rating on Mosaic stands at 2.6 with an overall “hold” recommendation on the stock. Mosaic’s ratings changed from 2.65 in February. In contrast, Nutrien (NTR) currently carries a “buy” recommendation.

Out of the 19 analysts in the above chart, ~15% or three analysts have a “strong buy” recommendation on the stock for the next 12-month period. About 20% or seven analysts have a “buy” recommendation on the stock, while 55% or 11 analysts have a “hold” recommendation.

Earlier this month, Mosaic was upgraded to an “outperform” rating from a “market perform” rating.

Target price

The consensus mean target price on Mosaic for the next 12-month period stood at $29.1, which was slightly higher than $28.7 in February. The median price target stood at $28.5. The current mean and median target price would give ~7.4% and 5.2% upside over the market closing price of $27.1 on March 14.

On February 26, Citigroup upgraded its target price on Mosaic to $31 from $28. Similarly, J.P. Morgan upgraded its target price on Mosaic to $30 from $26.8.

Next, we’ll discuss analysts’ ratings (XLB) and target price for Monsanto (MON).

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