Compass Minerals International (NYSE:CMP) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Compass Minerals International, Inc. (NYSE:CMP) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.84 and traded as high as $24.16. Compass Minerals International shares last traded at $24.0450, with a volume of 343,056 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CMP. Zacks Research raised Compass Minerals International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Wall Street Zen upgraded shares of Compass Minerals International from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. BMO Capital Markets boosted their price objective on shares of Compass Minerals International from $20.00 to $25.00 and gave the stock a “market perform” rating in a research report on Monday, January 5th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Compass Minerals International from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. Finally, Compass Point set a $22.00 price target on shares of Compass Minerals International in a research note on Tuesday, December 16th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $22.00.

Compass Minerals International Trading Up 2.1%

The company has a debt-to-equity ratio of 3.39, a current ratio of 2.59 and a quick ratio of 1.53. The business has a 50-day simple moving average of $21.93 and a two-hundred day simple moving average of $19.84. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -26.14 and a beta of 1.17.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings data on Wednesday, February 4th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.32. Compass Minerals International had a positive return on equity of 8.69% and a negative net margin of 2.82%.The company had revenue of $396.10 million during the quarter, compared to analysts’ expectations of $329.23 million. During the same period last year, the firm posted ($0.55) earnings per share. The business’s revenue was up 28.9% on a year-over-year basis. Equities analysts forecast that Compass Minerals International, Inc. will post -0.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Compass Minerals International

A number of institutional investors have recently made changes to their positions in CMP. Nomura Holdings Inc. bought a new position in Compass Minerals International during the 2nd quarter worth $5,168,000. Hussman Strategic Advisors Inc. acquired a new stake in shares of Compass Minerals International during the 3rd quarter worth $806,000. American Century Companies Inc. grew its holdings in shares of Compass Minerals International by 57.6% during the 2nd quarter. American Century Companies Inc. now owns 916,088 shares of the basic materials company’s stock worth $18,404,000 after purchasing an additional 334,857 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Compass Minerals International in the third quarter worth $422,000. Finally, Assetmark Inc. raised its stake in Compass Minerals International by 98.5% in the second quarter. Assetmark Inc. now owns 75,974 shares of the basic materials company’s stock valued at $1,526,000 after purchasing an additional 37,691 shares in the last quarter. Institutional investors own 99.78% of the company’s stock.

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.