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Fertilizer Stocks in June: Analysts’ Ratings and Price Targets

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Jun. 26 2018, Updated 8:00 a.m. ET

June update

So far, June has been positive for most fertilizer stocks. Expectations for improvement in commodity prices have lifted the stocks of CF Industries (CF), Nutrien (NTR) (POT), and Mosaic (MOS) in anticipation of a meaningful growth in earnings. That was reflected in analysts’ ratings and price target updates for June, which we’ll look at in this series.

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Mosaic’s ratings

Mosaic has a large exposure to the phosphate fertilizer segment but also produces potash fertilizers (MOO). Prices for both of these fertilizers have been increasing gradually this year.

In June, the current consensus analysts’ ratings stood at 2.5 with an overall “hold” recommendation. Month-over-month, the ratings remained unchanged. Of the 19 Wall Street analysts in the above chart, three have maintained a “strong buy” on the stock, while five have kept their “buy” recommendations.

Most of the analysts surveyed continue to view the stock as a “hold,” while two analysts view Mosaic as a “sell” for the next 12-month period.

Price target

The ratings broadly remained unchanged month-over-month, but the consensus analyst mean price target has moved higher to $30 from $29.90 in May. Compared to its price of $28.20 on June 25, the stock has an upside of about 6.6%.

However, Cowen and Company is more bullish on the stock than the consensus. Last week, it raised its price target for Mosaic to $36 from $35.

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