Compass Minerals International (NYSE:CMP) Reaches New 12-Month High - Time to Buy?

Shares of Compass Minerals International, Inc. (NYSE:CMP - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $22.69 and last traded at $22.16, with a volume of 181592 shares. The stock had previously closed at $22.25.

Analyst Ratings Changes

A number of research analysts have recently commented on CMP shares. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $22.00 target price (up previously from $14.00) on shares of Compass Minerals International in a report on Monday, June 23rd. Wall Street Zen downgraded shares of Compass Minerals International from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 27th. Finally, BMO Capital Markets boosted their price objective on shares of 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.

Compass Minerals International Trading Up 2.1%

The company has a debt-to-equity ratio of 3.37, a quick ratio of 1.12 and a current ratio of 1.84. The firm's fifty day simple moving average is $19.46 and its 200-day simple moving average is $14.11. The stock has a market cap of $930.43 million, a P/E ratio of -6.30 and a beta of 1.11.

Compass Minerals International (NYSE:CMP - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $494.60 million during the quarter, compared to the consensus estimate of $413.96 million. The business's revenue was up 35.9% on a year-over-year basis. Equities research analysts expect that Compass Minerals International, Inc. will post -0.53 EPS for the current fiscal year.

Institutional Trading of Compass Minerals International

Several institutional investors have recently made changes to their positions in the company. Koch Inc. purchased a new position in shares of Compass Minerals International in the 4th quarter worth about $79,139,000. Nuveen Asset Management LLC boosted its holdings in shares of 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 holdings in shares of 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. Nuveen LLC purchased a new stake in Compass Minerals International during the first quarter valued at about $4,279,000. Finally, American Century Companies Inc. lifted its holdings in Compass Minerals International by 275.5% during the first quarter. American Century Companies Inc. now owns 581,231 shares of the basic materials company's stock valued at $5,400,000 after purchasing an additional 426,458 shares during 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.