Compass Minerals International (NYSE:CMP) Trading Up 6.4% – Here’s What Happened

Compass Minerals International, Inc. (NYSE:CMP)’s stock price traded up 6.4% on Monday . The stock traded as high as $18.23 and last traded at $18.4550. 161,242 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 572,905 shares. The stock had previously closed at $17.35.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wall Street Zen raised shares of Compass Minerals International from a “hold” rating to a “buy” rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Compass Minerals International from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Loop Capital set a $22.00 price target on Compass Minerals International in a report on Monday. Zacks Research upgraded Compass Minerals International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass Minerals International in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $20.60.

Compass Minerals International Stock Performance

The company has a debt-to-equity ratio of 3.55, a current ratio of 2.15 and a quick ratio of 0.98. The stock’s 50-day moving average price is $18.20 and its 200-day moving average price is $19.24. The company has a market cap of $801.27 million, a P/E ratio of -9.99 and a beta of 1.16.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings data on Monday, December 8th. The basic materials company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.02). Compass Minerals International had a negative return on equity of 8.22% and a negative net margin of 6.42%.The business had revenue of $227.50 million during the quarter, compared to analyst estimates of $223.72 million. During the same quarter last year, the firm earned ($0.77) EPS. Compass Minerals International’s revenue for the quarter was up 9.0% compared to the same quarter last year. Equities analysts anticipate that Compass Minerals International, Inc. will post -0.53 EPS for the current year.

Hedge Funds Weigh In On Compass Minerals International

A number of hedge funds have recently added to or reduced their stakes in CMP. CWM LLC lifted its position in shares of Compass Minerals International by 95.0% during the 2nd quarter. CWM LLC now owns 1,363 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 664 shares during the period. Police & Firemen s Retirement System of New Jersey raised its stake in Compass Minerals International by 11.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 7,863 shares of the basic materials company’s stock valued at $158,000 after purchasing an additional 791 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in 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 worth $192,000 after purchasing an additional 858 shares during the period. Public Employees Retirement System of Ohio grew its stake in Compass Minerals International by 37.6% during the second quarter. Public Employees Retirement System of Ohio now owns 3,967 shares of the basic materials company’s stock worth $80,000 after buying an additional 1,084 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC grew its stake in Compass Minerals International by 9.3% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 12,959 shares of the basic materials company’s stock worth $260,000 after buying an additional 1,098 shares in the last quarter. Institutional investors own 99.78% of the company’s stock.

About Compass Minerals International

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.