Mosaic (MOS) is a dominant player in the phosphate fertilizer segment in North America. Since ammonium-based fertilizers use nitrogen as an input, Mosaic also benefits from low natural gas prices—similar to CF Industries (CF). With Mosaic being one of the best performers in 2018, let’s look at what analysts think about the stock.
Mosaic’s consensus target price in November increased month-over-month to $39 from $36.4 in October. The higher target price reflected a 6.9% increase month-over-month. The increase indicated a strong bullish sentiment on the stock for the next 12-month period. On November 23, the stock closed higher than the target price at $35.
While Mosaic’s target price increased in November, analysts’ recommendations remained unchanged month-over-month. Five analysts recommend a “strong buy” on the stock, six recommend a “buy,” seven recommend a “hold,” and one recommends a “sell.”