Compass Minerals International (NYSE:CMP) Reaches New 52-Week High - Here's Why

Shares of Compass Minerals International, Inc. (NYSE:CMP - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $20.96 and last traded at $20.17, with a volume of 341523 shares trading hands. The stock had previously closed at $19.90.

Wall Street Analyst Weigh In

Several equities analysts have commented on CMP shares. BMO Capital Markets increased their price objective on shares of Compass Minerals International from $15.00 to $20.00 and gave the company a "market perform" rating in a research report on Monday, May 12th. Wall Street Zen upgraded shares of Compass Minerals International from a "buy" rating to a "strong-buy" rating in a research report on Sunday. Finally, JPMorgan Chase & Co. upgraded shares of Compass Minerals International from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $13.00 to $15.00 in a research report on Wednesday, February 12th.

Compass Minerals International Trading Down 3.2%

The firm has a market cap of $815.06 million, a PE ratio of -4.97 and a beta of 1.11. The company has a quick ratio of 1.12, a current ratio of 2.37 and a debt-to-equity ratio of 3.67. The company's 50 day moving average price is $15.39 and its two-hundred day moving average price is $13.07.

Compass Minerals International (NYSE:CMP - Get Free Report) last announced its earnings results on Wednesday, May 7th. The basic materials company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.24. Compass Minerals International had a negative net margin of 15.10% and a negative return on equity of 10.00%. The business had revenue of $494.60 million for the quarter, compared to the consensus estimate of $413.96 million. The company's quarterly revenue was up 35.9% on a year-over-year basis. As a group, sell-side analysts forecast that Compass Minerals International, Inc. will post -0.53 EPS for the current year.

Institutional Investors Weigh In On Compass Minerals International

Several hedge funds and other institutional investors have recently made changes to their positions in CMP. Federated Hermes Inc. purchased a new stake in shares of Compass Minerals International in the first quarter valued at $40,000. GAMMA Investing LLC increased its stake in Compass Minerals International by 361.4% in the 1st quarter. GAMMA Investing LLC now owns 4,812 shares of the basic materials company's stock worth $45,000 after buying an additional 3,769 shares during the period. Denver PWM LLC increased its stake in Compass Minerals International by 25.8% in the 4th quarter. Denver PWM LLC now owns 4,712 shares of the basic materials company's stock worth $53,000 after buying an additional 967 shares during the period. AlphaQuest LLC increased its stake in Compass Minerals International by 690,800.0% in the 1st quarter. AlphaQuest LLC now owns 6,909 shares of the basic materials company's stock worth $64,000 after buying an additional 6,908 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in Compass Minerals International in the 4th quarter worth about $80,000. Hedge funds and other 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.