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

Compass Minerals International, Inc. (NYSE:CMP) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.22 and traded as high as $29.83. Compass Minerals International shares last traded at $29.4270, with a volume of 211,431 shares.

Wall Street Analyst Weigh In

Several analysts have issued reports on CMP shares. Compass Point set a $30.00 price target on shares of Compass Minerals International in a report on Thursday, May 14th. Zacks Research downgraded Compass Minerals International from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. raised Compass Minerals International from an “underweight” rating to a “neutral” rating and upped their target price for the company from $20.00 to $30.00 in a research note on Thursday, May 14th. Weiss Ratings upgraded Compass Minerals International from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, June 18th. Finally, Wall Street Zen cut Compass Minerals International from a “buy” rating to a “hold” rating in a report on Sunday, July 5th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $28.80.

Compass Minerals International Stock Performance

The firm has a market cap of $1.23 billion, a PE ratio of 196.18 and a beta of 1.24. The company has a debt-to-equity ratio of 2.60, a current ratio of 2.06 and a quick ratio of 1.34. The stock has a 50-day moving average price of $30.24 and a 200 day moving average price of $26.22.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CMP. SailingStone Capital Partners LLC increased its stake in shares of Compass Minerals International by 6.1% during the 4th quarter. SailingStone Capital Partners LLC now owns 5,414,067 shares of the basic materials company’s stock valued at $106,332,000 after acquiring an additional 308,957 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Compass Minerals International by 14.7% in the third quarter. Vanguard Group Inc. now owns 2,775,116 shares of the basic materials company’s stock worth $53,282,000 after acquiring an additional 354,960 shares during the last quarter. Engine Capital Management LP grew its holdings in Compass Minerals International by 275.4% in the first quarter. Engine Capital Management LP now owns 1,439,065 shares of the basic materials company’s stock valued at $33,602,000 after purchasing an additional 1,055,740 shares during the period. Irenic Capital Management LP purchased a new stake in Compass Minerals International in the first quarter valued at approximately $33,520,000. Finally, Ewing Morris & Co. Investment Partners Ltd. increased its position in Compass Minerals International by 201.7% during the second quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 1,280,648 shares of the basic materials company’s stock worth $25,728,000 after purchasing an additional 856,149 shares during the last quarter. Institutional investors and hedge funds 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.