Mosaic (NYSE:MOS) Upgraded at Barclays

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

A number of other brokerages have also recently commented on MOS. CIBC began coverage on shares of Mosaic in a report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 target price for the company. Wells Fargo & Company reduced their target price on shares of Mosaic from $29.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Morgan Stanley reduced their target price on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Scotiabank dropped their price target on shares of Mosaic from $34.00 to $31.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 3rd. Finally, Mizuho dropped their price target on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Monday, March 3rd. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $32.18.

Mosaic Price Performance

Shares of MOS opened at $27.18 on Wednesday. Mosaic has a 1-year low of $22.48 and a 1-year high of $33.44. The stock has a market cap of $8.61 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The firm has a fifty day moving average price of $26.34 and a 200 day moving average price of $26.15.

Hedge Funds Weigh In On Mosaic

Several institutional investors and hedge funds have recently modified their holdings of MOS. GSA Capital Partners LLP acquired a new stake in shares of Mosaic in the third quarter worth $244,000. CIBC Asset Management Inc lifted its position in shares of Mosaic by 6.4% in the 3rd quarter. CIBC Asset Management Inc now owns 54,721 shares of the basic materials company’s stock worth $1,465,000 after buying an additional 3,301 shares during the last quarter. Natixis Advisors LLC bought a new position in shares of Mosaic in the 3rd quarter worth about $299,000. Thrivent Financial for Lutherans lifted its position in Mosaic by 8.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 190,195 shares of the basic materials company’s stock valued at $5,093,000 after purchasing an additional 14,967 shares during the last quarter. Finally, Banque Cantonale Vaudoise lifted its position in Mosaic by 67.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 79,014 shares of the basic materials company’s stock valued at $2,117,000 after purchasing an additional 31,766 shares during the last quarter. Hedge funds and other institutional investors 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.