Compass Minerals International (NYSE:CMP) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

Compass Minerals International, Inc. (NYSE:CMP – Get Free Report) shares crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $23.16 and traded as low as $22.80. Compass Minerals International shares last traded at $22.9830, with a volume of 174,051 shares trading hands.

Wall Street Analyst Weigh In

CMP has been the topic of several recent research reports. Compass Point set a $27.00 price target on Compass Minerals International in a research note on Monday, August 10th. Wall Street Zen cut Compass Minerals International from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. BMO Capital Markets reaffirmed a “market perform” rating on shares of Compass Minerals International in a research report on Tuesday, October 6th. Weiss Ratings upgraded Compass Minerals International from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 28th. Finally, JPMorgan Chase & Co. lowered Compass Minerals International from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $30.00 to $27.00 in a research report on Monday, August 10th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $27.00.

Read Our Latest Report on Compass Minerals International

Compass Minerals International Stock Down 1.9%

The firm has a fifty day moving average of $23.16 and a 200-day moving average of $25.90. The company has a quick ratio of 0.98, a current ratio of 2.01 and a debt-to-equity ratio of 2.72. The firm has a market cap of $964.83 million, a P/E ratio of 53.45 and a beta of 1.26.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CMP. Integrated Wealth Concepts LLC bought a new stake in shares of Compass Minerals International during the 2nd quarter worth approximately $43,000. Fifth Third Bancorp grew its stake in shares of Compass Minerals International by 6,266.7% in the first quarter. Fifth Third Bancorp now owns 1,719 shares of the basic materials company’s stock valued at $40,000 after buying an additional 1,692 shares in the last quarter. Allworth Financial LP grew its stake in shares of Compass Minerals International by 454.3% in the second quarter. Allworth Financial LP now owns 1,929 shares of the basic materials company’s stock valued at $60,000 after buying an additional 1,581 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Compass Minerals International by 94.4% in the first quarter. PNC Financial Services Group Inc. now owns 2,216 shares of the basic materials company’s stock valued at $52,000 after buying an additional 1,076 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in Compass Minerals International during the first quarter worth $70,000. Institutional investors and hedge funds own 99.78% of the company’s stock.

About Compass Minerals International

(Get Free Report)

Compass Minerals International (NYSE: CMP) produces essential minerals used in transportation, consumer and industrial markets, and agriculture. Its products include rock salt for highway deicing, as well as salt for consumer and industrial applications. The company also produces sulfate of potash, a specialty fertilizer used to support crop growth. Compass Minerals makes the product from resources at its Great Salt Lake operations in Utah. Compass Minerals’ salt operations include mines in Goderich, Ontario, and Winsford, England.

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