Compass Minerals International (NYSE:CMP) Sets New 12-Month High - What's Next?

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

Analysts Set New Price Targets

A number of brokerages have issued reports on CMP. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $22.00 price objective (up from $14.00) on shares of Compass Minerals International in a research 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 upped 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 report on Monday, May 12th.

Compass Minerals International Trading Down 0.9%

The company has a debt-to-equity ratio of 3.37, a current ratio of 1.84 and a quick ratio of 1.12. The stock has a market capitalization of $914.87 million, a PE ratio of -6.18 and a beta of 1.11. The stock's 50 day simple moving average is $18.75 and its two-hundred day simple moving average is $13.84.

Compass Minerals International (NYSE:CMP - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.24. The company had revenue of $494.60 million for the quarter, compared to analysts' expectations of $413.96 million. Compass Minerals International had a negative net margin of 12.15% and a negative return on equity of 24.24%. The firm's revenue was up 35.9% compared to the same quarter last year. On average, sell-side analysts expect that Compass Minerals International, Inc. will post -0.53 EPS for the current year.

Institutional Trading of Compass Minerals International

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Compass Minerals International by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,665 shares of the basic materials company's stock valued at $192,000 after buying an additional 858 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in shares of Compass Minerals International by 19.4% during the 1st quarter. Cubist Systematic Strategies LLC now owns 305,753 shares of the basic materials company's stock valued at $2,840,000 after buying an additional 49,668 shares in the last quarter. Royal Bank of Canada raised its position in shares of Compass Minerals International by 10.5% during the 1st quarter. Royal Bank of Canada now owns 49,928 shares of the basic materials company's stock valued at $464,000 after buying an additional 4,740 shares in the last quarter. Ewing Morris & Co. Investment Partners Ltd. purchased a new position in Compass Minerals International in the 1st quarter worth $3,944,000. Finally, Long Focus Capital Management LLC raised its position in Compass Minerals International by 48.2% in the 1st quarter. Long Focus Capital Management LLC now owns 222,370 shares of the basic materials company's stock worth $2,066,000 after purchasing an additional 72,370 shares during the period. Institutional investors own 99.78% of the company's stock.

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.

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