Compass Minerals International (NYSE:CMP) Sets New 12-Month Low at $11.82

Shares of Compass Minerals International, Inc. (NYSE:CMP) reached a new 52-week low on Tuesday . The company traded as low as $11.82 and last traded at $12.19, with a volume of 282039 shares. The stock had previously closed at $12.48.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CMP shares. BMO Capital Markets lowered their target price on shares of Compass Minerals International from $25.00 to $20.00 and set a “market perform” rating for the company in a report on Tuesday, March 26th. Loop Capital raised shares of Compass Minerals International from a “hold” rating to a “buy” rating and reduced their price target for the company from $26.00 to $23.00 in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $31.00.

Compass Minerals International Stock Performance

The company has a market cap of $498.49 million, a PE ratio of -5.77, a PEG ratio of 0.58 and a beta of 1.17. The stock has a 50 day simple moving average of $13.13 and a two-hundred day simple moving average of $18.87. The company has a debt-to-equity ratio of 2.25, a current ratio of 2.98 and a quick ratio of 1.15.

Compass Minerals International (NYSE:CMP) last announced its earnings results on Tuesday, May 7th. The basic materials company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $1.26. The business had revenue of $364.00 million for the quarter, compared to analysts’ expectations of $386.97 million. Compass Minerals International had a negative net margin of 7.47% and a positive return on equity of 22.03%. The company’s quarterly revenue was down 11.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.46) EPS. Equities analysts predict that Compass Minerals International, Inc. will post 0.52 EPS for the current year.

Institutional Investors Weigh In On Compass Minerals International

Several hedge funds have recently made changes to their positions in CMP. CarsonAllaria Wealth Management Ltd. grew its position in Compass Minerals International by 12.9% in the 4th quarter. CarsonAllaria Wealth Management Ltd. now owns 4,235 shares of the basic materials company’s stock valued at $107,000 after buying an additional 484 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Compass Minerals International by 117.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,391 shares of the basic materials company’s stock valued at $111,000 after acquiring an additional 2,376 shares in the last quarter. Ulland Investment Advisors LLC increased its stake in shares of Compass Minerals International by 116.9% during the fourth quarter. Ulland Investment Advisors LLC now owns 4,490 shares of the basic materials company’s stock worth $114,000 after acquiring an additional 2,420 shares during the period. Studio Investment Management LLC raised its holdings in Compass Minerals International by 157.0% during the third quarter. Studio Investment Management LLC now owns 5,934 shares of the basic materials company’s stock worth $166,000 after purchasing an additional 3,625 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in Compass Minerals International in the third quarter valued at about $218,000. Institutional investors and hedge funds 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.