Mosaic (NYSE:MOS) Upgraded at BNP Paribas

Mosaic (NYSE:MOS - Get Free Report) was upgraded by stock analysts at BNP Paribas to a "strong-buy" rating in a report released on Wednesday, April 9th,Zacks.com reports.

MOS has been the subject of a number of other research reports. Piper Sandler restated a "neutral" rating and issued a $30.00 price objective on shares of Mosaic in a research note on Thursday, March 27th. Wells Fargo & Company raised their target price on Mosaic from $26.00 to $28.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 19th. JPMorgan Chase & Co. raised shares of Mosaic from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $26.00 to $29.00 in a report on Monday, March 3rd. Morgan Stanley dropped their target price 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. Finally, Royal Bank of Canada raised their price target on shares of Mosaic from $28.00 to $30.00 and gave the company a "sector perform" rating in a report on Friday, April 4th. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $32.42.

Mosaic Stock Performance

Shares of Mosaic stock traded up $0.52 during midday trading on Wednesday, hitting $26.91. The company had a trading volume of 3,253,249 shares, compared to its average volume of 4,579,282. The business's 50 day simple moving average is $25.80 and its two-hundred day simple moving average is $26.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. Mosaic has a 1-year low of $22.36 and a 1-year high of $32.29. The stock has a market cap of $8.53 billion, a PE ratio of 23.81, a P/E/G ratio of 1.42 and a beta of 1.04.

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Institutional Trading of Mosaic

Institutional investors have recently modified their holdings of the company. Invesco Ltd. grew its stake in shares of Mosaic by 29.3% during the 4th 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 in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Mosaic by 24.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company's stock valued at $271,382,000 after acquiring an additional 2,151,426 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Mosaic by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 8,621,001 shares of the basic materials company's stock valued at $218,751,000 after acquiring an additional 269,650 shares during the last quarter. Northern Trust Corp boosted its position in Mosaic by 5.9% during the fourth quarter. Northern Trust Corp now owns 5,171,642 shares of the basic materials company's stock valued at $127,119,000 after purchasing an additional 287,493 shares during the last quarter. Finally, Two Sigma Advisers LP grew its stake in Mosaic by 21.7% in the fourth quarter. Two Sigma Advisers LP now owns 3,990,500 shares of the basic materials company's stock valued at $98,086,000 after purchasing an additional 711,300 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors.

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.