Mosaic (NYSE:MOS) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday. The brokerage presently has a $36.00 price target on the basic materials company’s stock. Zacks Investment Research‘s price target points to a potential upside of 12.29% from the company’s current price.

According to Zacks, “Mosaic has outperformed the industry it belongs to over a year. The company is well placed to gain from rising global demand for fertilizers. The Vale Fertilizantes acquisition is also expected to deliver significant synergies. Moreover, Mosaic is expected to benefit from cost-reduction action and capacity expansion. The company is also committed to returning capital to shareholders.”

Several other research firms have also issued reports on MOS. TheStreet raised shares of Mosaic from a “c+” rating to a “b-” rating in a research note on Monday, November 19th. ValuEngine raised shares of Mosaic from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. Cowen raised their price target on shares of Mosaic from $38.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, November 15th. Credit Suisse Group reaffirmed a “hold” rating and issued a $30.00 price target on shares of Mosaic in a research note on Monday, February 4th. Finally, Stephens set a $45.00 price target on shares of Mosaic and gave the company a “buy” rating in a research note on Wednesday, November 7th. Nine investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $35.93.

MOS stock opened at $32.06 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.67. Mosaic has a 52-week low of $22.90 and a 52-week high of $37.37. The stock has a market cap of $12.42 billion, a PE ratio of 29.41, a PEG ratio of 1.87 and a beta of 1.53.

A number of institutional investors have recently modified their holdings of MOS. FMR LLC raised its holdings in Mosaic by 52.6% in the 2nd quarter. FMR LLC now owns 11,831,390 shares of the basic materials company’s stock valued at $331,871,000 after acquiring an additional 4,080,426 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Mosaic by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,869,173 shares of the basic materials company’s stock valued at $136,581,000 after acquiring an additional 58,546 shares during the last quarter. Bank of Montreal Can raised its holdings in Mosaic by 85.5% in the 3rd quarter. Bank of Montreal Can now owns 201,016 shares of the basic materials company’s stock valued at $6,529,000 after acquiring an additional 92,642 shares during the last quarter. First Hawaiian Bank acquired a new stake in Mosaic in the 3rd quarter valued at about $175,000. Finally, Nisa Investment Advisors LLC raised its holdings in Mosaic by 34.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 37,305 shares of the basic materials company’s stock valued at $1,212,000 after acquiring an additional 9,500 shares during the last quarter. 76.21% of the stock is currently owned by hedge funds and other institutional investors.

About Mosaic

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. The company operates through three segments: Phosphates, Potash, and International Distribution. 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.

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