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

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

MOS has been the subject of a number of other research reports. Mizuho cut their price objective on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday, March 3rd. Wells Fargo & Company raised their price objective on Mosaic from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 19th. The Goldman Sachs Group started coverage on Mosaic in a report on Thursday, March 13th. They issued a “buy” rating and a $31.00 price objective on the stock. JPMorgan Chase & Co. upgraded Mosaic from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $26.00 to $29.00 in a research report on Monday, March 3rd. Finally, Oppenheimer upgraded Mosaic from a “market perform” rating to an “outperform” rating and set a $33.00 price objective for the company in a research report on Thursday, March 20th. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $32.58.

Mosaic Price Performance

MOS traded up $1.15 during trading on Wednesday, reaching $25.35. The stock had a trading volume of 311,821 shares, compared to its average volume of 4,551,836. The business has a 50-day moving average of $25.87 and a 200-day moving average of $26.14. The stock has a market cap of $8.03 billion, a PE ratio of 22.28, a PEG ratio of 1.42 and a beta of 1.04. Mosaic has a one year low of $22.36 and a one year high of $32.66. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Pacer Advisors Inc. boosted its position in shares of Mosaic by 49.0% during the fourth 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. boosted its holdings in shares of Mosaic by 4.7% during the 4th 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 buying an additional 150,186 shares in the last quarter. OLD National Bancorp IN boosted its holdings in shares of Mosaic by 33.8% during the 4th 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. Swedbank AB grew its position in shares of Mosaic by 9.3% in the 4th quarter. Swedbank AB now owns 1,387,332 shares of the basic materials company’s stock worth $34,101,000 after buying an additional 117,838 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in Mosaic by 59.5% during the 4th quarter. Jones Financial Companies Lllp now owns 7,682 shares of the basic materials company’s stock valued at $189,000 after acquiring an additional 2,867 shares during the period. 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.