Compass Minerals International (NYSE:CMP) Shares Gap Down to $12.39

Shares of Compass Minerals International, Inc. (NYSE:CMP) gapped down before the market opened on Monday . The stock had previously closed at $12.39, but opened at $12.04. Compass Minerals International shares last traded at $12.17, with a volume of 24,024 shares traded.

Analyst Ratings Changes

A number of brokerages recently commented on CMP. BMO Capital Markets reaffirmed a “market perform” rating and issued a $20.00 target price on shares of Compass Minerals International in a research report on Wednesday, September 18th. StockNews.com upgraded Compass Minerals International to a “sell” rating in a report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $31.00.

Compass Minerals International Stock Down 3.3 %

The company has a market cap of $495.18 million, a price-to-earnings ratio of -5.93, a price-to-earnings-growth ratio of 1.16 and a beta of 1.10. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.15 and a current ratio of 2.98. The stock’s fifty day moving average is $10.39 and its two-hundred day moving average is $12.14.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Denver PWM LLC bought a new position in Compass Minerals International during the 2nd quarter valued at $29,000. Ridgewood Investments LLC purchased a new position in Compass Minerals International during the second quarter worth about $37,000. Allspring Global Investments Holdings LLC bought a new stake in Compass Minerals International in the 2nd quarter worth about $45,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Compass Minerals International in the 2nd quarter valued at about $46,000. Finally, CarsonAllaria Wealth Management Ltd. increased its stake in Compass Minerals International by 26.2% in the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 4,659 shares of the basic materials company’s stock valued at $48,000 after buying an additional 966 shares during the last quarter. Hedge funds and other institutional investors own 99.78% of the company’s stock.

Compass Minerals International Company Profile

Compass Minerals International, Inc, provides essential minerals in the United States, Canada, the United Kingdom, and internationally. It operates through two segments, Salt and Plant Nutrition. The Salt segment produces, markets, and sells sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with sodium chloride to produce specialty products.