Mosaic (NYSE:MOS) Upgraded by Barclays to “Overweight” Rating

Mosaic (NYSE:MOS) was upgraded by stock analysts at Barclays from an “equal weight” rating to an “overweight” rating in a note issued to investors on Wednesday, Marketbeat.com 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 points to a potential upside of 16.21% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Oppenheimer assumed coverage on shares of Mosaic in a research note on Thursday, December 12th. They issued a “market perform” rating for the company. JPMorgan Chase & Co. upgraded shares of Mosaic from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $26.00 to $29.00 in a research note on Monday, March 3rd. Morgan Stanley cut their price target on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. CIBC assumed coverage on shares of Mosaic in a research note on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price target for the company. Finally, Royal Bank of Canada raised their price target on shares of Mosaic from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 4th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $32.67.

Mosaic Stock Up 1.5 %

NYSE MOS opened at $28.40 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 firm has a 50-day simple moving average of $26.48 and a 200 day simple moving average of $26.17. Mosaic has a twelve month low of $22.48 and a twelve month high of $33.44. The stock has a market cap of $9.00 billion, a PE ratio of 25.13, a PEG ratio of 1.42 and a beta of 1.34.

Institutional Trading of Mosaic

Hedge funds have recently modified their holdings of the company. Brooklyn Investment Group increased its holdings in shares of Mosaic by 110.8% in the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 587 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Mosaic in the fourth quarter valued at approximately $33,000. Tobam acquired a new stake in shares of Mosaic in the fourth quarter valued at approximately $38,000. Heck Capital Advisors LLC acquired a new stake in shares of Mosaic in the fourth quarter valued at approximately $41,000. Finally, Larson Financial Group LLC increased its holdings in shares of Mosaic by 180,900.0% in the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 1,809 shares in the last quarter. 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.