Mosaic (NYSE:MOS) Raised to Overweight at Barclays

Mosaic (NYSE:MOS - Get Free Report) was upgraded by investment analysts at Barclays from an "equal weight" rating to an "overweight" rating in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage currently has a $33.00 target price on the basic materials company's stock, up from their prior target price of $27.00. Barclays's price objective points to a potential upside of 18.59% from the company's previous close.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley dropped 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 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 for the company in a research report on Monday, March 3rd. Mizuho dropped their price target on shares of Mosaic from $29.00 to $28.00 and set a "neutral" rating for the company in a research report on Monday, March 3rd. Wells Fargo & Company dropped their price target on shares of Mosaic from $29.00 to $26.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. Finally, CIBC initiated coverage on shares of Mosaic in a research report on Tuesday, December 10th. They set a "neutral" rating and a $55.00 price target for the company. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Mosaic currently has a consensus rating of "Hold" and a consensus price target of $32.67.

Remove Ads

Mosaic Trading Down 1.9 %

Mosaic stock traded down $0.55 during midday trading on Wednesday, hitting $27.83. 7,382,409 shares of the stock were exchanged, compared to its average volume of 4,291,115. Mosaic has a fifty-two week low of $22.48 and a fifty-two week high of $33.44. The stock 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. The stock's 50-day simple moving average is $26.54 and its 200 day simple moving average is $26.15. 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 the company. Invesco Ltd. lifted its stake in Mosaic by 29.3% in the fourth quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company's stock worth $332,005,000 after acquiring an additional 3,058,243 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Mosaic by 24.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company's stock worth $271,382,000 after buying an additional 2,151,426 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Mosaic by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 8,621,001 shares of the basic materials company's stock worth $218,751,000 after buying an additional 269,650 shares during the last quarter. Northern Trust Corp lifted its position in shares of Mosaic by 5.9% during the 4th quarter. Northern Trust Corp now owns 5,171,642 shares of the basic materials company's stock worth $127,119,000 after buying an additional 287,493 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its position in shares of Mosaic by 21.7% during the 4th quarter. Two Sigma Advisers LP now owns 3,990,500 shares of the basic materials company's stock worth $98,086,000 after buying an additional 711,300 shares during the last quarter. Hedge funds and other institutional investors 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.