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

Compass Minerals International, Inc. (NYSE:CMP)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $21.26 and traded as high as $26.26. Compass Minerals International shares last traded at $25.3040, with a volume of 492,318 shares.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CMP shares. BMO Capital Markets raised their target price on shares of Compass Minerals International from $20.00 to $25.00 and gave the stock a “market perform” rating in a report on Monday, January 5th. Zacks Research upgraded shares of Compass Minerals International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. Loop Capital set a $24.00 price objective on shares of Compass Minerals International in a report on Tuesday, December 30th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass Minerals International in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Compass Minerals International currently has a consensus rating of “Hold” and a consensus price target of $22.00.

Compass Minerals International Stock Performance

The business’s 50-day moving average price is $23.70 and its 200-day moving average price is $21.28. The company has a current ratio of 2.59, a quick ratio of 1.53 and a debt-to-equity ratio of 3.39. The stock has a market cap of $1.06 billion, a PE ratio of -27.50 and a beta of 1.16.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings data on Wednesday, February 4th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.32. The firm had revenue of $396.10 million for 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%. The company’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.55) EPS. As a group, equities research analysts expect that Compass Minerals International, Inc. will post -0.53 earnings per share for the current fiscal year.

Institutional Trading of Compass Minerals International

Several institutional investors and hedge funds have recently bought and sold shares of the business. Krilogy Financial LLC lifted its stake in Compass Minerals International by 188.7% during the 1st quarter. Krilogy Financial LLC now owns 58,651 shares of the basic materials company’s stock valued at $1,516,000 after acquiring an additional 38,335 shares during the period. XTX Topco Ltd purchased a new stake in Compass Minerals International during the fourth quarter worth $628,000. Gotham Asset Management LLC boosted its holdings in Compass Minerals International by 19.4% during the fourth quarter. Gotham Asset Management LLC now owns 64,840 shares of the basic materials company’s stock worth $1,273,000 after buying an additional 10,537 shares in the last quarter. Engine Capital Management LP purchased a new stake in Compass Minerals International during the fourth quarter worth $7,529,000. Finally, Concentric Capital Strategies LP purchased a new stake in Compass Minerals International during the fourth quarter worth $1,288,000. 99.78% of the stock is currently owned by institutional investors and hedge funds.

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.