In a report released yesterday, Andrew Wong from RBC Capital reiterated a Buy rating on Mosaic Co (NYSE: MOS), with a price target of $40. The company’s shares closed yesterday at $32.87, close to its 52-week high of $32.98.
Wong has an average return of 9.8% when recommending Mosaic Co.
According to TipRanks.com, Wong is ranked #2022 out of 4881 analysts.
Mosaic Co has an analyst consensus of Moderate Buy, with a price target consensus of $35.43.
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Based on Mosaic Co’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.21 billion and net profit of $67.9 million. In comparison, last year the company had a net profit of $228 million.
Based on the recent corporate insider activity of 29 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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 International Distribution.
