Shares of Compass Minerals International, Inc. (NYSE:CMP - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $20.75 and last traded at $20.18, with a volume of 463232 shares trading hands. The stock had previously closed at $19.19.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the company. Wall Street Zen raised Compass Minerals International from a "hold" rating to a "buy" rating in a report on Saturday. JPMorgan Chase & Co. upgraded Compass Minerals International from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $13.00 to $15.00 in a research note on Wednesday, February 12th. Finally, BMO Capital Markets upped their price target on Compass Minerals International from $15.00 to $20.00 and gave the stock a "market perform" rating in a research note on Monday, May 12th.
Read Our Latest Research Report on Compass Minerals International
Compass Minerals International Trading Down 1.8%
The stock has a market cap of $796.46 million, a PE ratio of -4.86 and a beta of 0.95. The business has a 50-day moving average of $13.93 and a 200 day moving average of $12.80. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.12 and a current ratio of 2.37.
Compass Minerals International (NYSE:CMP - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.24. The firm had revenue of $494.60 million during the quarter, compared to analysts' expectations of $413.96 million. Compass Minerals International had a negative return on equity of 10.00% and a negative net margin of 15.10%. The company's quarterly revenue was up 35.9% on a year-over-year basis. Equities research analysts predict that Compass Minerals International, Inc. will post -0.53 EPS for the current fiscal year.
Institutional Trading of Compass Minerals International
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMP. Koch Inc. purchased a new stake in Compass Minerals International during the 4th quarter worth about $79,139,000. Nuveen Asset Management LLC boosted its stake in Compass Minerals International by 642.5% in the 4th quarter. Nuveen Asset Management LLC now owns 1,058,551 shares of the basic materials company's stock worth $11,909,000 after buying an additional 915,983 shares during the last quarter. SailingStone Capital Partners LLC boosted its stake in Compass Minerals International by 13.7% in the 4th quarter. SailingStone Capital Partners LLC now owns 5,427,142 shares of the basic materials company's stock worth $61,055,000 after buying an additional 652,129 shares during the last quarter. Lightrock Netherlands B.V. acquired a new stake in Compass Minerals International in the 4th quarter worth about $6,394,000. Finally, Nuveen LLC acquired a new stake in Compass Minerals International in the 1st quarter worth about $4,279,000. Hedge funds and other institutional investors own 99.78% of the company's stock.
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.
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