Compass Minerals International (NYSE:CMP) Shares Pass Above Two Hundred 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 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.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Compass Minerals International in a report on Wednesday, January 21st. Wall Street Zen raised Compass Minerals International from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. BMO Capital Markets lifted their price target 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. Zacks Research upgraded shares of Compass Minerals International from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Finally, Loop Capital set a $24.00 price target on shares of Compass Minerals International in a research report on Tuesday, December 30th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $22.00.

Compass Minerals International Trading Up 2.1%

The business’s fifty day simple moving average is $21.93 and its two-hundred day simple moving average is $19.84. The stock has a market capitalization of $1.01 billion, a P/E ratio of -26.14 and a beta of 1.17. The company has a current ratio of 2.59, a quick ratio of 1.53 and a debt-to-equity ratio of 3.39.

Compass Minerals International (NYSE:CMP) last posted its quarterly earnings results on Wednesday, February 4th. The basic materials company reported $0.43 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $396.10 million during the quarter, compared to analysts’ expectations of $329.23 million. During the same quarter in the prior year, the firm posted ($0.55) EPS. The company’s revenue for the quarter was up 28.9% on a year-over-year basis. As a group, analysts forecast that Compass Minerals International, Inc. will post -0.53 earnings per share for the current year.

Institutional Investors Weigh In On Compass Minerals International

Institutional investors have recently made changes to their positions in the stock. CWM LLC lifted its holdings in shares of Compass Minerals International by 95.0% during the 2nd quarter. CWM LLC now owns 1,363 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 664 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in Compass Minerals International during the 3rd quarter worth approximately $31,000. Comerica Bank raised its holdings in Compass Minerals International by 80.0% during the 4th quarter. Comerica Bank now owns 1,868 shares of the basic materials company’s stock worth $37,000 after buying an additional 830 shares during the period. New York State Teachers Retirement System bought a new position in Compass Minerals International in the third quarter valued at approximately $60,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Compass Minerals International during the second quarter worth $83,000. 99.78% of the stock is owned by institutional investors and hedge funds.

About Compass Minerals International

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.