Compass Minerals International (NYSE:CMP) Reaches New 52-Week High – Here’s What Happened

Shares of Compass Minerals International, Inc. (NYSE:CMPGet Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $32.40 and last traded at $32.3480, with a volume of 395737 shares changing hands. The stock had previously closed at $31.70.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Weiss Ratings raised Compass Minerals International from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Zacks Research cut Compass Minerals International from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Wall Street Zen upgraded shares of Compass Minerals International from a “hold” rating to a “buy” rating in a report on Saturday. Compass Point set a $30.00 target price on shares of Compass Minerals International in a research report on Thursday, May 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $35.00 target price on shares of Compass Minerals International in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $28.80.

Check Out Our Latest Stock Analysis on Compass Minerals International

Compass Minerals International Trading Down 1.8%

The company has a 50 day moving average of $26.38 and a 200-day moving average of $23.27. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 212.70 and a beta of 1.18. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.34 and a current ratio of 2.06.

Compass Minerals International (NYSE:CMPGet Free Report) last issued its quarterly 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. Compass Minerals International had a net margin of 0.55% and a return on equity of 8.99%. The company had revenue of $453.20 million for the quarter, compared to analyst estimates of $418.97 million. During the same period in the prior year, the firm earned $0.63 earnings per share. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, research analysts anticipate that Compass Minerals International, Inc. will post 0.87 earnings per share for the current year.

Hedge Funds Weigh In On Compass Minerals International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Comerica Bank boosted its holdings in Compass Minerals International by 80.0% in the fourth quarter. Comerica Bank now owns 1,868 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 830 shares during the period. Fifth Third Bancorp increased its holdings in Compass Minerals International by 6,266.7% during the 1st quarter. Fifth Third Bancorp now owns 1,719 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 1,692 shares during the period. PNC Financial Services Group Inc. raised its position in Compass Minerals International by 94.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,216 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 1,076 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Compass Minerals International in the 1st quarter valued at about $70,000. Finally, Headlands Technologies LLC purchased a new position in shares of Compass Minerals International in the 2nd quarter valued at about $83,000. Hedge funds and other institutional investors own 99.78% of the company’s stock.

Compass Minerals International Company Profile

(Get Free Report)

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.

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