Compass Minerals International (NYSE:CMP) Stock Passes Above 200 Day Moving Average – What’s Next?

Compass Minerals International, Inc. (NYSE:CMP)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.90 and traded as high as $30.52. Compass Minerals International shares last traded at $29.7850, with a volume of 636,390 shares traded.

Analysts Set New Price Targets

Several analysts have weighed in on CMP shares. Weiss Ratings cut Compass Minerals International from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, June 3rd. Compass Point set a $30.00 price objective on Compass Minerals International in a report on Thursday, May 14th. JPMorgan Chase & Co. raised Compass Minerals International from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $20.00 to $30.00 in a report on Thursday, May 14th. Zacks Research cut Compass Minerals International from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, Wall Street Zen raised Compass Minerals International from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.80.

Compass Minerals International Stock Down 1.1%

The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 193.37 and a beta of 1.23. The business’s 50-day moving average is $27.67 and its two-hundred day moving average is $24.07. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.34 and a current ratio of 2.06.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. The business had revenue of $453.20 million for the quarter, compared to the consensus estimate of $418.97 million. Compass Minerals International had a net margin of 0.55% and a return on equity of 8.99%. Compass Minerals International’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period last year, the company posted $0.63 EPS. On average, equities analysts anticipate that Compass Minerals International, Inc. will post 0.82 earnings per share for the current year.

Institutional Trading of Compass Minerals International

Hedge funds have recently modified their holdings of the company. GSA Capital Partners LLP raised its position in shares of Compass Minerals International by 357.0% in the 3rd quarter. GSA Capital Partners LLP now owns 63,742 shares of the basic materials company’s stock valued at $1,224,000 after acquiring an additional 49,793 shares during the period. O Keefe Stevens Advisory Inc. grew its position in shares of Compass Minerals International by 4.2% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 593,887 shares of the basic materials company’s stock valued at $11,664,000 after purchasing an additional 23,860 shares during the period. Jefferies Financial Group Inc. acquired a new position in shares of Compass Minerals International in the 3rd quarter valued at approximately $1,012,000. American Century Companies Inc. grew its position in shares of Compass Minerals International by 35.0% in the 3rd quarter. American Century Companies Inc. now owns 1,236,884 shares of the basic materials company’s stock valued at $23,748,000 after purchasing an additional 320,796 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of Compass Minerals International by 105.9% in the 4th quarter. SG Americas Securities LLC now owns 45,228 shares of the basic materials company’s stock valued at $888,000 after purchasing an additional 23,261 shares during the period. 99.78% of the stock is currently owned by institutional investors and hedge funds.

Compass Minerals International Company Profile

Compass Minerals International, Inc is a global producer of essential mineral-based products, primarily known for its salt and plant nutrition portfolios. The company’s deicing salts are used by municipalities and commercial customers across North America to maintain safer roadways in winter months. In addition, its water conditioning salts serve both residential and industrial users, supporting water treatment systems that remove hard minerals to protect plumbing and equipment.

Beyond conventional salt products, Compass Minerals has developed a specialty plant nutrition business focused on sulfate of potash (SOP), a premium fertilizer that provides both potassium and sulfur to crops.