Compass Minerals International (NYSE:CMP) Sees Large Volume Increase – Should You Buy?

Compass Minerals International, Inc. (NYSE:CMPGet Free Report) saw an uptick in trading volume on Friday . 4,277,813 shares were traded during mid-day trading, an increase of 426% from the previous session’s volume of 813,442 shares.The stock last traded at $14.76 and had previously closed at $12.00.

Analyst Upgrades and Downgrades

Several research firms have commented on CMP. StockNews.com upgraded Compass Minerals International to a “sell” rating in a report on Wednesday, September 18th. BMO Capital Markets restated 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 research analyst has rated the stock with a sell rating, two have issued 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.

Check Out Our Latest Stock Report on CMP

Compass Minerals International Stock Performance

The stock has a 50-day simple moving average of $11.93 and a 200-day simple moving average of $11.66. The company has a market capitalization of $615.12 million, a price-to-earnings ratio of -3.66 and a beta of 1.10. The company has a current ratio of 2.90, a quick ratio of 0.74 and a debt-to-equity ratio of 2.47.

Compass Minerals International (NYSE:CMPGet Free Report) last posted its quarterly earnings results on Tuesday, September 17th. The basic materials company reported ($1.01) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.67) by ($0.34). The firm had revenue of $202.90 million for the quarter, compared to analyst estimates of $201.86 million. Compass Minerals International had a negative net margin of 14.81% and a positive return on equity of 4.75%. On average, analysts anticipate that Compass Minerals International, Inc. will post 0.02 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CMP. Denver PWM LLC bought a new position in shares of Compass Minerals International in the second quarter worth $29,000. Signaturefd LLC grew its stake in shares of Compass Minerals International by 629.4% in 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. Ridgewood Investments LLC bought a new position in shares of Compass Minerals International in the second quarter worth $37,000. Allspring Global Investments Holdings LLC bought a new position in shares of Compass Minerals International in the second quarter worth $45,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Compass Minerals International in the second quarter worth $46,000. 99.78% of the stock is currently owned by institutional investors.

About Compass Minerals International

(Get Free Report)

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.

Further Reading

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