Compass Minerals International (NYSE:CMP) Hits New 52-Week High - Still a Buy?

Compass Minerals International, Inc. (NYSE:CMP - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $21.48 and last traded at $21.12, with a volume of 506548 shares. The stock had previously closed at $20.09.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CMP. Wall Street Zen lowered Compass Minerals International from a "strong-buy" rating to a "buy" rating in a report on Friday, June 27th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $22.00 target price (up from $14.00) on shares of Compass Minerals International in a research report on Monday, June 23rd. Finally, BMO Capital Markets lifted their price target on Compass Minerals International from $15.00 to $20.00 and gave the stock a "market perform" rating in a research report on Monday, May 12th.

Compass Minerals International Trading Up 2.5%

The company has a current ratio of 1.84, a quick ratio of 1.12 and a debt-to-equity ratio of 3.37. The business has a 50 day moving average price of $18.35 and a 200-day moving average price of $13.68. The firm has a market capitalization of $936.50 million, a PE ratio of -6.34 and a beta of 1.11.

Compass Minerals International (NYSE:CMP - Get Free Report) last released 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. Compass Minerals International had a negative net margin of 12.15% and a negative return on equity of 24.24%. The firm had revenue of $494.60 million for the quarter, compared to the consensus estimate of $413.96 million. The business's quarterly revenue was up 35.9% on a year-over-year basis. Analysts expect that Compass Minerals International, Inc. will post -0.53 earnings per share for the current year.

Institutional Trading of Compass Minerals International

Institutional investors have recently bought and sold shares of the company. Federated Hermes Inc. purchased a new position in shares of Compass Minerals International in the first quarter valued at $40,000. GAMMA Investing LLC grew 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 valued at $45,000 after acquiring an additional 3,769 shares during the last quarter. AlphaQuest LLC raised its position in Compass Minerals International by 690,800.0% during the first quarter. AlphaQuest LLC now owns 6,909 shares of the basic materials company's stock worth $64,000 after acquiring an additional 6,908 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Compass Minerals International in the fourth quarter valued at about $80,000. Finally, New York State Common Retirement Fund lifted its holdings in shares of Compass Minerals International by 35.9% in the fourth quarter. New York State Common Retirement Fund now owns 7,189 shares of the basic materials company's stock valued at $81,000 after purchasing an additional 1,900 shares in the last quarter. 99.78% of the stock is currently owned by hedge funds and other 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.