Mosaic (NYSE:MOS) Upgraded by BNP Paribas to “Strong-Buy” Rating

Mosaic (NYSE:MOS) was upgraded by equities researchers at BNP Paribas to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

MOS has been the subject of a number of other reports. CIBC started coverage on Mosaic in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price target for the company. Royal Bank of Canada lifted their price target on Mosaic from $28.00 to $30.00 and gave the company a “sector perform” rating in a research note on Friday, April 4th. Mizuho cut their target price on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Monday, March 3rd. Piper Sandler reiterated a “neutral” rating and set a $30.00 price target on shares of Mosaic in a report on Thursday, March 27th. Finally, Oppenheimer raised Mosaic from a “market perform” rating to an “outperform” rating and set a $33.00 target price for the company in a research report on Thursday, March 20th. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Mosaic currently has an average rating of “Moderate Buy” and a consensus price target of $32.58.

Mosaic Price Performance

NYSE:MOS traded up $1.12 on Wednesday, hitting $25.32. The company had a trading volume of 595,013 shares, compared to its average volume of 4,553,757. Mosaic has a 52 week low of $22.36 and a 52 week high of $32.66. 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 stock has a market capitalization of $8.02 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 1.42 and a beta of 1.04. The firm has a 50 day moving average of $25.87 and a two-hundred day moving average of $26.14.

Institutional Investors Weigh In On Mosaic

A number of hedge funds have recently added to or reduced their stakes in the business. Pacer Advisors Inc. grew its position in shares of Mosaic by 49.0% during the 4th quarter. Pacer Advisors Inc. now owns 73,807 shares of the basic materials company’s stock worth $1,814,000 after buying an additional 24,281 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Mosaic by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company’s stock valued at $82,800,000 after purchasing an additional 150,186 shares in the last quarter. OLD National Bancorp IN raised its holdings in shares of Mosaic by 33.8% during 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 purchasing an additional 73,653 shares during the period. Swedbank AB boosted its position in shares of Mosaic by 9.3% during the 4th quarter. Swedbank AB now owns 1,387,332 shares of the basic materials company’s stock worth $34,101,000 after purchasing an additional 117,838 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of Mosaic by 59.5% in the 4th quarter. Jones Financial Companies Lllp now owns 7,682 shares of the basic materials company’s stock valued at $189,000 after buying an additional 2,867 shares during the period. 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.