Compass Minerals International (NYSE:CMP) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Compass Minerals International, Inc. (NYSE:CMP)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.67 and traded as high as $13.69. Compass Minerals International shares last traded at $13.20, with a volume of 609,808 shares changing hands.

Analyst Upgrades and Downgrades

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

Compass Minerals International Price Performance

The company has a current ratio of 2.90, a quick ratio of 0.74 and a debt-to-equity ratio of 2.47. The business’s 50-day simple moving average is $11.60 and its two-hundred day simple moving average is $11.67.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings data on Tuesday, September 17th. The basic materials company reported ($1.01) EPS for the quarter, missing the consensus estimate of ($0.67) by ($0.34). Compass Minerals International had a positive return on equity of 4.79% and a negative net margin of 14.81%. The business had revenue of $202.90 million during the quarter, compared to the consensus estimate of $201.86 million. Analysts predict that Compass Minerals International, Inc. will post 0.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. CarsonAllaria Wealth Management Ltd. increased its holdings in shares of Compass Minerals International by 26.2% in the second quarter. CarsonAllaria Wealth Management Ltd. now owns 4,659 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 966 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Compass Minerals International by 4.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,722 shares of the basic materials company’s stock worth $516,000 after acquiring an additional 1,358 shares during the last quarter. Inspire Investing LLC raised its holdings in shares of Compass Minerals International by 3.9% in the 3rd quarter. Inspire Investing LLC now owns 38,326 shares of the basic materials company’s stock valued at $461,000 after acquiring an additional 1,437 shares in the last quarter. Wolverine Asset Management LLC boosted its position in shares of Compass Minerals International by 2.3% during the 3rd quarter. Wolverine Asset Management LLC now owns 66,940 shares of the basic materials company’s stock valued at $805,000 after acquiring an additional 1,482 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Compass Minerals International by 629.4% during the third quarter. Signaturefd LLC now owns 2,407 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 2,077 shares in the last quarter. Institutional investors own 99.78% of the company’s stock.

Compass Minerals International Company Profile

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.