Mosaic (NYSE:MOS) Raised to “Outperform” at Oppenheimer

Mosaic (NYSE:MOS) was upgraded by research analysts at Oppenheimer from a “market perform” rating to an “outperform” rating in a research note issued on Thursday, MarketBeat Ratings reports. The firm presently has a $33.00 price objective on the basic materials company’s stock. Oppenheimer’s target price points to a potential upside of 18.59% from the stock’s current price.

MOS has been the topic of a number of other research reports. Morgan Stanley dropped their price target 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. CIBC assumed coverage on Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price objective on the stock. Wells Fargo & Company raised their price objective on Mosaic from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Wednesday. Royal Bank of Canada raised their price objective on Mosaic from $27.00 to $28.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 4th. Finally, The Goldman Sachs Group assumed coverage on Mosaic in a research report on Thursday, March 13th. They set a “buy” rating and a $31.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $32.67.

Mosaic Price Performance

MOS opened at $27.83 on Thursday. Mosaic has a 12-month low of $22.48 and a 12-month high of $33.44. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The business’s fifty day simple moving average is $26.54 and its 200-day simple moving average is $26.17. The company has a market capitalization of $8.82 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 1.42 and a beta of 1.34.

Institutional Investors Weigh In On Mosaic

Several institutional investors have recently added to or reduced their stakes in MOS. Brooklyn Investment Group raised its stake 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 worth $27,000 after purchasing an additional 587 shares during the last quarter. R Squared Ltd purchased a new position in shares of Mosaic in the fourth quarter worth about $33,000. Tobam purchased a new position in shares of Mosaic in the fourth quarter worth about $38,000. Heck Capital Advisors LLC purchased a new position in shares of Mosaic in the fourth quarter worth about $41,000. Finally, Larson Financial Group LLC raised its stake 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 worth $48,000 after purchasing an additional 1,809 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

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.