Mosaic: S&P Intraday Gainer

NEW YORK ( TheStreet) -- Mosaic ( MOS) was the best performer in the S&P 500 Friday morning.

The S&P rose 2 points, or 0.14%, to 1,404.60.

Shares of Mosaic rose 4.02% to $57.48. Morgan Stanley analysts expect potash stocks to rally as the compound is used more in the United States.

"February NA potash producer inventory declined (0.5%) for the first time since Oct 2011, as production cuts were in excess of demand deferral," Morgan Stanley analysts wrote in a report Friday. "We expect a very strong US spring and a ~10% relief rally as potash sentiment inevitably flip flops once product inevitably moves in the US."

Mosaic has an estimated price-to-earnings ratio for next year of 10.76 times; the average for specialty chemical companies is 11.94. For comparison, both Ecolab ( ECL) and PPG Industries ( PPG) have higher forward P/Es of 16.6 and 11.8, respectively.

Thirteen of the 22 analysts who cover Mosaic rated it buy; nine analysts gave the stock a hold rating.

TheStreet Ratings gives Mosaic a B- grade with a buy rating and $64.18 price target. The stock has risen 13.72% year to date.

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-- Written by Alexandra Zendrian

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