Compass Minerals International (NYSE:CMP) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Compass Minerals International, Inc. (NYSE:CMP)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $20.09 and traded as high as $25.58. Compass Minerals International shares last traded at $25.2250, with a volume of 442,068 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CMP shares. Zacks Research upgraded Compass Minerals International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. Wall Street Zen upgraded Compass Minerals International from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Compass Minerals International in a research note on Wednesday, January 21st. Loop Capital set a $24.00 target price on shares of Compass Minerals International in a report on Tuesday, December 30th. Finally, Compass Point set a $22.00 target price on shares of Compass Minerals International in a research report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Compass Minerals International currently has an average rating of “Hold” and a consensus price target of $22.00.

Compass Minerals International Price Performance

The firm has a market capitalization of $1.06 billion, a P/E ratio of -27.42 and a beta of 1.17. The company has a debt-to-equity ratio of 3.39, a current ratio of 2.59 and a quick ratio of 1.53. The stock’s fifty day simple moving average is $23.02 and its 200 day simple moving average is $20.09.

Compass Minerals International (NYSE:CMP) last posted its quarterly earnings data on Wednesday, February 4th. The basic materials company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.11 by $0.32. Compass Minerals International had a negative net margin of 2.82% and a positive return on equity of 8.69%. The firm had revenue of $396.10 million during the quarter, compared to analyst estimates of $329.23 million. During the same quarter in the previous year, the business posted ($0.55) EPS. Compass Minerals International’s revenue was up 28.9% on a year-over-year basis. On average, equities research analysts predict that Compass Minerals International, Inc. will post -0.53 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new position in Compass Minerals International during the 4th quarter valued at about $628,000. Gotham Asset Management LLC grew its stake in shares of Compass Minerals International by 19.4% during the fourth quarter. Gotham Asset Management LLC now owns 64,840 shares of the basic materials company’s stock worth $1,273,000 after acquiring an additional 10,537 shares during the last quarter. Engine Capital Management LP acquired a new position in shares of Compass Minerals International during the fourth quarter valued at about $7,529,000. Concentric Capital Strategies LP purchased a new position in shares of Compass Minerals International in the 4th quarter valued at approximately $1,288,000. Finally, Balyasny Asset Management L.P. purchased a new stake in Compass Minerals International during the 4th quarter worth approximately $290,000. 99.78% of the stock is currently owned by hedge funds and other institutional investors.

About Compass Minerals International

Compass Minerals International, Inc is a global producer of essential mineral-based products, primarily known for its salt and plant nutrition portfolios. The company’s deicing salts are used by municipalities and commercial customers across North America to maintain safer roadways in winter months. In addition, its water conditioning salts serve both residential and industrial users, supporting water treatment systems that remove hard minerals to protect plumbing and equipment.

Beyond conventional salt products, Compass Minerals has developed a specialty plant nutrition business focused on sulfate of potash (SOP), a premium fertilizer that provides both potassium and sulfur to crops.