Compass Minerals International Sees Large Decrease in Short Interest (CMP)
Compass Minerals International (NYSE:CMP) saw a significant decline in short interest during the month of June. As of June 13th, there was short interest totalling 423,951 shares, a decline of 29.1% from the May 30th total of 597,930 shares, Analyst RN reports. Approximately 1.3% of the shares of the stock are short sold. Based on an average trading volume of 231,402 shares, the short-interest ratio is presently 1.8 days.
A number of research firms have recently commented on CMP. Analysts at Zacks downgraded shares of Compass Minerals International from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 1st. They now have a $98.60 price target on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Compass Minerals International from $79.00 to $87.00 in a research note on Thursday, June 5th. They now have a “market perform” rating on the stock. Finally, analysts at Ned Davis Research upgraded shares of Compass Minerals International from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $93.80.
Compass Minerals International (NYSE:CMP) opened at 96.08 on Thursday. Compass Minerals International has a 52 week low of $64.24 and a 52 week high of $97.50. The stock’s 50-day moving average is $93.76 and its 200-day moving average is $86.62. The company has a market cap of $3.222 billion and a price-to-earnings ratio of 24.34.
Compass Minerals International (NYSE:CMP) last issued its quarterly earnings data on Monday, April 28th. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.07. The company had revenue of $422.00 million for the quarter, compared to the consensus estimate of $393.15 million. During the same quarter in the previous year, the company posted $1.38 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, analysts predict that Compass Minerals International will post $4.43 earnings per share for the current fiscal year.
Compass Minerals International, Inc (NYSE:CMP) is a producer of minerals, including salt, sulfate of potash specialty fertilizer (SOP) and magnesium chloride.
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