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

Compass Minerals International, Inc. (NYSE:CMP) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $20.84 and traded as high as $23.86. Compass Minerals International shares last traded at $22.7410, with a volume of 495,952 shares traded.

Analyst Upgrades and Downgrades

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

Compass Minerals International Stock Up 0.0%

The firm has a 50 day simple moving average of $23.72 and a two-hundred day simple moving average of $20.86. The stock has a market cap of $951.94 million, a P/E ratio of -24.72 and a beta of 1.16. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.53 and a current ratio of 2.59.

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

Institutional Investors Weigh In On Compass Minerals International

A number of institutional investors have recently added to or reduced their stakes in CMP. Royal Bank of Canada lifted its position in shares of Compass Minerals International by 10.5% in the 1st quarter. Royal Bank of Canada now owns 49,928 shares of the basic materials company’s stock worth $464,000 after acquiring an additional 4,740 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Compass Minerals International by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,665 shares of the basic materials company’s stock valued at $192,000 after purchasing an additional 858 shares during the period. Creative Planning increased its position in shares of Compass Minerals International by 13.7% during the second quarter. Creative Planning now owns 25,405 shares of the basic materials company’s stock valued at $510,000 after purchasing an additional 3,061 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Compass Minerals International by 16.1% in the second quarter. JPMorgan Chase & Co. now owns 191,626 shares of the basic materials company’s stock valued at $3,850,000 after purchasing an additional 26,531 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Compass Minerals International by 15.4% in the second quarter. Legal & General Group Plc now owns 39,625 shares of the basic materials company’s stock valued at $796,000 after purchasing an additional 5,292 shares in the last quarter. 99.78% of the stock is owned by institutional investors and hedge funds.

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.