Mosaic (NYSE:MOS) Rating Increased to Equal Weight at Barclays

Mosaic (NYSE:MOS) was upgraded by research analysts at Barclays from an “underweight” rating to an “equal weight” rating in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage currently has a $27.00 target price on the basic materials company’s stock. Barclays‘s price target points to a potential upside of 17.01% from the company’s current price.

Several other equities research analysts have also commented on the company. Morgan Stanley cut their price objective on Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. CIBC initiated coverage on Mosaic in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price objective for the company. Wells Fargo & Company decreased their price objective on Mosaic from $29.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday. Piper Sandler boosted their price target on shares of Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. raised shares of Mosaic from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $26.00 to $29.00 in a research note on Monday. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mosaic presently has an average rating of “Hold” and a consensus target price of $31.70.

Mosaic Price Performance

Shares of Mosaic stock opened at $23.08 on Wednesday. The firm has a market cap of $7.33 billion, a PE ratio of 20.42, a P/E/G ratio of 1.42 and a beta of 1.34. The business has a 50-day moving average price of $26.19 and a 200 day moving average price of $26.35. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. Mosaic has a twelve month low of $22.48 and a twelve month high of $33.44.

Hedge Funds Weigh In On Mosaic

Several hedge funds and other institutional investors have recently made changes to their positions in MOS. Pacer Advisors Inc. raised 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 purchasing an additional 24,281 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in 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 buying an additional 986,812 shares during the last quarter. Swedbank AB increased 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 buying an additional 28,816 shares during the last quarter. OLD National Bancorp IN raised its stake in 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 buying an additional 73,653 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Mosaic during the 3rd quarter worth about $1,251,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

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.