Compass Minerals International, Inc. (NYSE:CMP – Get Free Report) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 4,630,000 shares, an increase of 7.7% from the May 31st total of 4,300,000 shares. Based on an average daily volume of 764,200 shares, the short-interest ratio is currently 6.1 days.
Wall Street Analyst Weigh In
CMP has been the subject of a number of recent research reports. Loop Capital raised shares of Compass Minerals International from a “hold” rating to a “buy” rating and cut their price objective for the company from $26.00 to $23.00 in a research report on Friday, April 26th. BMO Capital Markets cut their price objective on shares of Compass Minerals International from $25.00 to $20.00 and set a “market perform” rating for the company in a research report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $31.00.
Get Our Latest Analysis on CMP
Hedge Funds Weigh In On Compass Minerals International
Compass Minerals International Price Performance
Shares of CMP traded down $0.13 during trading hours on Tuesday, reaching $9.93. 725,327 shares of the stock traded hands, compared to its average volume of 722,662. The company has a current ratio of 2.98, a quick ratio of 1.15 and a debt-to-equity ratio of 2.25. Compass Minerals International has a 52-week low of $9.80 and a 52-week high of $39.78. The company’s 50-day moving average price is $12.41 and its two-hundred day moving average price is $17.60. The company has a market cap of $410.41 million, a P/E ratio of -4.76, a price-to-earnings-growth ratio of 0.46 and a beta of 1.13.
Compass Minerals International (NYSE:CMP – Get Free Report) last released its earnings results on Tuesday, May 7th. The basic materials company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $1.26. Compass Minerals International had a negative net margin of 7.47% and a positive return on equity of 22.03%. The company had revenue of $364.00 million for the quarter, compared to analysts’ expectations of $386.97 million. During the same quarter in the previous year, the company earned ($0.46) EPS. Compass Minerals International’s revenue for the quarter was down 11.5% on a year-over-year basis. On average, analysts anticipate that Compass Minerals International will post 0.55 earnings per share for the current year.
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.
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