Mosaic (NYSE:MOS) Stock Rating Upgraded by Barclays

Mosaic (NYSE:MOS) was upgraded by equities researchers at Barclays from an “underweight” rating to an “equal weight” rating in a research note issued on Wednesday, MarketBeat.com reports. The brokerage presently has a $27.00 target price on the basic materials company’s stock. Barclays‘s target price would indicate a potential upside of 8.93% from the stock’s current price.

MOS has been the topic of several other research reports. Scotiabank cut their target price on Mosaic from $34.00 to $31.00 and set a “sector outperform” rating on the stock in a research report on Monday. Piper Sandler upped their target price on Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. Mizuho cut their target price on Mosaic from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Monday. Oppenheimer started coverage on Mosaic in a research report on Thursday, December 12th. They set a “market perform” rating on the stock. Finally, Morgan Stanley cut their target price on Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $31.70.

Mosaic Trading Up 2.7 %

NYSE MOS opened at $24.79 on Wednesday. The business’s 50-day moving average price is $26.20 and its two-hundred day moving average price is $26.33. Mosaic has a 12 month low of $22.48 and a 12 month high of $33.44. The firm has a market capitalization of $7.87 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MOS. Pacer Advisors Inc. lifted its holdings in shares of 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 purchasing an additional 24,281 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Mosaic by 44.2% in the third 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 purchasing an additional 986,812 shares in the last quarter. Swedbank AB lifted its holdings in shares of Mosaic by 2.3% in the third 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 in the last quarter. OLD National Bancorp IN lifted its holdings in shares of Mosaic by 33.8% in the fourth 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 in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Mosaic in the third quarter valued at approximately $1,251,000. 77.54% of the stock is owned by institutional investors and hedge funds.

About Mosaic

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.