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

Compass Minerals International, Inc. (NYSE:CMP)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $20.51 and traded as high as $22.22. Compass Minerals International shares last traded at $21.51, with a volume of 2,770,358 shares.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CMP. Loop Capital set a $24.00 price objective on shares of Compass Minerals International in a research note on Tuesday, December 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Compass Minerals International in a research report on Wednesday, January 21st. Compass Point set a $22.00 price target on Compass Minerals International in a research report on Tuesday, December 16th. Zacks Research raised Compass Minerals International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Finally, BMO Capital Markets raised their price objective on 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. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Compass Minerals International presently has an average rating of “Hold” and an average target price of $22.00.

Compass Minerals International Stock Performance

The company has a debt-to-equity ratio of 3.39, a current ratio of 2.59 and a quick ratio of 1.53. The company’s 50-day moving average price is $23.78 and its two-hundred day moving average price is $20.51. The company has a market capitalization of $900.41 million, a price-to-earnings ratio of -23.38 and a beta of 1.15.

Compass Minerals International (NYSE:CMP) last released its earnings results on Wednesday, February 4th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.32. The business had revenue of $396.10 million for the quarter, compared to analyst estimates of $329.23 million. Compass Minerals International had a negative net margin of 2.82% and a positive return on equity of 8.69%. Compass Minerals International’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.55) earnings per share. On average, equities research analysts anticipate that Compass Minerals International, Inc. will post -0.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Compass Minerals International

Several institutional investors and hedge funds have recently made changes to their positions in the business. Gumshoe Capital Management LLC acquired a new stake in Compass Minerals International during the fourth quarter worth approximately $24,842,000. Ewing Morris & Co. Investment Partners Ltd. lifted its stake in Compass Minerals International by 201.7% in the second quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 1,280,648 shares of the basic materials company’s stock valued at $25,728,000 after buying an additional 856,149 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Compass Minerals International by 4,579.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 776,303 shares of the basic materials company’s stock worth $15,247,000 after buying an additional 759,715 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Compass Minerals International by 379.4% during the 3rd quarter. Millennium Management LLC now owns 522,108 shares of the basic materials company’s stock worth $10,024,000 after buying an additional 413,205 shares in the last quarter. Finally, Engine Capital Management LP acquired a new stake in shares of Compass Minerals International during the 4th quarter worth approximately $7,529,000. Institutional investors own 99.78% of the company’s stock.

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.