Mosaic (NYSE:MOS) Raised to "Equal Weight" at Barclays

Mosaic (NYSE:MOS - Get Free Report) was upgraded by analysts at Barclays from an "underweight" rating to an "equal weight" rating in a research note issued on Wednesday, MarketBeat.com reports. The firm presently has a $27.00 target price on the basic materials company's stock. Barclays's price objective would indicate a potential upside of 17.01% from the stock's previous close.

A number of other research firms have also weighed in on MOS. Wells Fargo & Company lowered their price objective on shares of Mosaic from $29.00 to $26.00 and set an "equal weight" rating for the company in a research note on Monday. Morgan Stanley dropped their price objective on shares of Mosaic from $40.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. CIBC began coverage on Mosaic in a report on Tuesday, December 10th. They set a "neutral" rating and a $55.00 price objective for the company. Piper Sandler boosted their target price on Mosaic from $30.00 to $33.00 and gave the stock a "neutral" rating in a research note on Monday, January 27th. Finally, Oppenheimer started coverage on Mosaic in a research note on Thursday, December 12th. They issued a "market perform" rating for the company. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $31.70.

Mosaic Trading Down 1.1 %

Shares of MOS opened at $23.08 on Wednesday. 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 market capitalization of $7.33 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 1.42 and a beta of 1.34. The company has a 50-day moving average of $26.19 and a 200 day moving average of $26.35. Mosaic has a 1-year low of $22.48 and a 1-year high of $33.44.

Hedge Funds Weigh In On Mosaic

Hedge funds and other institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. boosted its holdings in shares of Mosaic by 49.0% in the 4th 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. lifted its position in Mosaic by 44.2% during 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 during the period. Swedbank AB boosted its holdings in 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 during the last quarter. OLD National Bancorp IN grew its position in Mosaic by 33.8% during the 4th quarter. OLD National Bancorp IN now owns 291,605 shares of the basic materials company's stock worth $7,168,000 after purchasing an additional 73,653 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Mosaic in the 3rd quarter valued at about $1,251,000. 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.

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