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

Compass Minerals International, Inc. (NYSE:CMP)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 trading hands.

Analysts Set New Price Targets

Several analysts have recently weighed in on CMP shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $35.00 price objective on shares of Compass Minerals International in a report on Wednesday, May 27th. JPMorgan Chase & Co. raised Compass Minerals International from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $20.00 to $30.00 in a research report on Thursday, May 14th. Wall Street Zen raised Compass Minerals International from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Zacks Research lowered Compass Minerals International from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Compass Point set a $30.00 target price on Compass Minerals International in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $28.80.

Compass Minerals International Stock Up 0.5%

The business has a 50-day moving average price of $27.41 and a 200-day moving average price of $23.90. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 198.57 and a beta of 1.23. The company has a quick ratio of 1.34, a current ratio of 2.06 and a debt-to-equity ratio of 2.60.

Compass Minerals International (NYSE:CMP) last announced its earnings results on Wednesday, May 6th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. The company had revenue of $453.20 million for the quarter, compared to analyst estimates of $418.97 million. Compass Minerals International had a return on equity of 8.99% and a net margin of 0.55%.Compass Minerals International’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.63 earnings per share. As a group, equities analysts anticipate that Compass Minerals International, Inc. will post 0.82 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. GSA Capital Partners LLP raised its position in Compass Minerals International by 357.0% during the third quarter. GSA Capital Partners LLP now owns 63,742 shares of the basic materials company’s stock valued at $1,224,000 after buying an additional 49,793 shares during the period. O Keefe Stevens Advisory Inc. raised its position in Compass Minerals International by 4.2% during the fourth quarter. O Keefe Stevens Advisory Inc. now owns 593,887 shares of the basic materials company’s stock valued at $11,664,000 after buying an additional 23,860 shares during the period. Jefferies Financial Group Inc. acquired a new position in Compass Minerals International during the third quarter valued at $1,012,000. American Century Companies Inc. raised its position in Compass Minerals International by 35.0% during the third quarter. American Century Companies Inc. now owns 1,236,884 shares of the basic materials company’s stock valued at $23,748,000 after buying an additional 320,796 shares during the period. Finally, SG Americas Securities LLC raised its position in Compass Minerals International by 105.9% during the fourth quarter. SG Americas Securities LLC now owns 45,228 shares of the basic materials company’s stock valued at $888,000 after buying an additional 23,261 shares during the period. 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.