In a report issued on June 1, Christopher Muir from CFRA maintained a Buy rating on Mosaic Co (MOS), with a price target of $29. The company’s shares opened today at $23.08, close to its 52-week low of $20.81.
Muir commented:
“We see revenues rising 2.7% in 2019 and 4.5% in 2020 versus a 29.4% increase in 2018. We see higher prices and volumes for phosphates and potash and we see growth in International Distribution in 2019. Rising prices should be helped by a more favorable supply and demand environment for MOS’s products later in 2019 and in 2020. We expect 2020 volumes and prices to continue rising.”
According to TipRanks.com, Muir is ranked #2451 out of 5173 analysts.
Mosaic Co has an analyst consensus of Moderate Buy, with a price target consensus of $30.80.
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The company has a one-year high of $37.37 and a one-year low of $20.81. Currently, Mosaic Co has an average volume of 4.49M.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MOS in relation to earlier this year.
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The Mosaic Co. engages in the production and marketing of concentrated phosphate and potash crop nutrients. The company operates its businesses through its wholly and majority owned subsidiaries. It operates through the following segments: Phosphates, Potash, and Mosaic Fertilizantes.
