Mosaic (NYSE:MOS) Stock Rating Upgraded by Barclays

Mosaic (NYSE:MOS) was upgraded by Barclays from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The firm presently has a $33.00 price target on the basic materials company’s stock, up from their previous price target of $27.00. Barclays‘s price target would suggest a potential upside of 21.44% from the company’s current price.

Other analysts have also recently issued reports about the stock. The Goldman Sachs Group started coverage on shares of Mosaic in a research note on Thursday, March 13th. They issued a “buy” rating and a $31.00 price objective for the company. Mizuho lowered their price target on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Monday, March 3rd. Wells Fargo & Company lowered their target price on shares of Mosaic from $29.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Royal Bank of Canada upped their target price on shares of Mosaic from $27.00 to $28.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 4th. Finally, CIBC initiated coverage on shares of Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $32.18.

Mosaic Stock Performance

Shares of MOS opened at $27.18 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The company has a market capitalization of $8.61 billion, a PE ratio of 24.05, a PEG ratio of 1.42 and a beta of 1.34. The company’s 50 day moving average price is $26.34 and its 200 day moving average price is $26.15. Mosaic has a 52 week low of $22.48 and a 52 week high of $33.44.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MOS. Pacer Advisors Inc. boosted its holdings in Mosaic by 49.0% in the fourth quarter. Pacer Advisors Inc. now owns 73,807 shares of the basic materials company’s stock valued at $1,814,000 after acquiring an additional 24,281 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Mosaic by 44.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock valued at $86,189,000 after buying an additional 986,812 shares during the last quarter. Swedbank AB increased its position in shares of Mosaic by 2.3% during the 3rd quarter. Swedbank AB now owns 1,269,494 shares of the basic materials company’s stock valued at $33,997,000 after purchasing an additional 28,816 shares during the last quarter. OLD National Bancorp IN increased its position in shares of Mosaic by 33.8% during the 4th quarter. OLD National Bancorp IN now owns 291,605 shares of the basic materials company’s stock valued at $7,168,000 after purchasing an additional 73,653 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Mosaic during the 3rd quarter valued at $1,251,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Company Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.