Compass Minerals International (NYSE:CMP) Stock Price Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• Compass Minerals International's stock price surpassed its 200-day moving average, trading at $19.55 after reaching a high of $20.30.
• The company has received mixed analyst ratings, with one analyst giving a buy rating, while three others rate it a sell, leading to a consensus rating of "Reduce."
• In its latest earnings report, Compass Minerals missed EPS expectations by $0.26, reporting a loss of ($0.39) per share, despite a year-over-year revenue increase of 5.8% to $214.60 million.

Compass Minerals International, Inc. (NYSE:CMP - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.97 and traded as high as $20.30. Compass Minerals International shares last traded at $19.55, with a volume of 279,512 shares traded.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $22.00 price objective (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 "buy" rating to a "hold" rating in a research note on Saturday, August 16th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $18.00 target price (up from $15.00) on shares of Compass Minerals International in a research report on Wednesday, August 13th. Zacks Research lowered Compass Minerals International from a "hold" rating to a "strong sell" rating in a research report on Monday. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Compass Minerals International in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, Compass Minerals International has a consensus rating of "Reduce" and an average price target of $20.00.

Compass Minerals International Price Performance

The firm has a market capitalization of $814.96 million, a PE ratio of -6.69 and a beta of 1.11. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.15 and a current ratio of 2.15. The stock has a fifty day moving average price of $19.08 and a 200-day moving average price of $17.97.

Compass Minerals International (NYSE:CMP - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The basic materials company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.26). The company had revenue of $214.60 million during the quarter, compared to the consensus estimate of $208.60 million. Compass Minerals International had a negative return on equity of 16.70% and a negative net margin of 9.87%.The company's revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.05) earnings per share. Compass Minerals International has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Compass Minerals International, Inc. will post -0.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. CWM LLC increased its position in shares of Compass Minerals International by 95.0% during the second quarter. CWM LLC now owns 1,363 shares of the basic materials company's stock worth $27,000 after purchasing an additional 664 shares in the last quarter. Federated Hermes Inc. acquired a new position in Compass Minerals International during the 1st quarter valued at about $40,000. GAMMA Investing LLC increased its position in Compass Minerals International by 361.4% during the 1st quarter. GAMMA Investing LLC now owns 4,812 shares of the basic materials company's stock valued at $45,000 after buying an additional 3,769 shares in the last quarter. AlphaQuest LLC increased its position in Compass Minerals International by 690,800.0% during the 1st quarter. AlphaQuest LLC now owns 6,909 shares of the basic materials company's stock valued at $64,000 after buying an additional 6,908 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in Compass Minerals International by 37.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,967 shares of the basic materials company's stock valued at $80,000 after buying an additional 1,084 shares in the last quarter. 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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