Compass Minerals International (NYSE:CMP) Trading Up 5% – What’s Next?

Compass Minerals International, Inc. (NYSE:CMP)’s share price rose 5% during mid-day trading on Tuesday . The company traded as high as $12.57 and last traded at $12.55. Approximately 214,544 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 827,163 shares. The stock had previously closed at $11.95.

Analysts Set New Price Targets

Several brokerages recently commented on CMP. StockNews.com raised shares of Compass Minerals International to a “sell” rating in a research note on Wednesday, September 18th. BMO Capital Markets reissued a “market perform” rating and issued a $20.00 price target on shares of Compass Minerals International in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $31.00.

Compass Minerals International Trading Up 2.1 %

The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.15 and a current ratio of 2.98. The stock has a market cap of $563.80 million, a P/E ratio of -6.53 and a beta of 1.11. The stock has a 50-day moving average price of $10.41 and a 200-day moving average price of $11.77.

Compass Minerals International (NYSE:CMP) last announced its earnings results on Tuesday, September 17th. The basic materials company reported ($1.01) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.34). Compass Minerals International had a negative net margin of 14.81% and a positive return on equity of 4.53%. The company had revenue of $202.90 million during the quarter, compared to analysts’ expectations of $201.86 million. On average, equities research analysts expect that Compass Minerals International, Inc. will post 0.31 EPS for the current year.

Institutional Trading of Compass Minerals International

A number of hedge funds have recently made changes to their positions in CMP. Inspire Advisors LLC raised its position in Compass Minerals International by 36.6% during the third quarter. Inspire Advisors LLC now owns 17,988 shares of the basic materials company’s stock valued at $216,000 after purchasing an additional 4,816 shares in the last quarter. Creative Planning increased its position in shares of Compass Minerals International by 50.8% during the 3rd quarter. Creative Planning now owns 20,669 shares of the basic materials company’s stock valued at $248,000 after purchasing an additional 6,964 shares during the last quarter. Inspire Investing LLC raised its holdings in shares of Compass Minerals International by 3.9% during the 3rd quarter. Inspire Investing LLC now owns 38,326 shares of the basic materials company’s stock valued at $461,000 after buying an additional 1,437 shares in the last quarter. Alpha Omega Wealth Management LLC lifted its position in Compass Minerals International by 13.3% in the 3rd quarter. Alpha Omega Wealth Management LLC now owns 65,539 shares of the basic materials company’s stock worth $788,000 after buying an additional 7,673 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Compass Minerals International in the 3rd quarter worth approximately $153,000. 99.78% of the stock is owned by institutional investors.

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.