Compass Minerals International (NYSE:CMP) Trading 5.9% Higher – What’s Next?

Shares of Compass Minerals International, Inc. (NYSE:CMP) shot up 5.9% during mid-day trading on Wednesday . The stock traded as high as $12.89 and last traded at $12.82. 57,521 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 829,832 shares. The stock had previously closed at $12.11.

Analyst Ratings Changes

Several research firms have recently issued reports on CMP. StockNews.com raised Compass Minerals International to a “sell” rating in a report on Wednesday, September 18th. BMO Capital Markets reissued a “market perform” rating and set a $20.00 price objective on shares of Compass Minerals International in a report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Compass Minerals International presently has a consensus rating of “Hold” and a consensus target price of $31.00.

Compass Minerals International Trading Up 11.2 %

The stock has a market cap of $556.77 million, a PE ratio of -6.13, a P/E/G ratio of 1.16 and a beta of 1.11. The firm has a 50-day simple moving average of $10.30 and a 200-day simple moving average of $11.84. The company has a quick ratio of 1.15, a current ratio of 2.98 and a debt-to-equity ratio of 2.25.

Institutional Investors Weigh In On Compass Minerals International

Institutional investors and hedge funds have recently made changes to their positions in the business. Denver PWM LLC purchased a new stake in shares of Compass Minerals International in the second quarter worth $29,000. Ridgewood Investments LLC purchased a new stake in Compass Minerals International during the second quarter valued at about $37,000. PNC Financial Services Group Inc. raised its position in Compass Minerals International by 117.9% during 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 purchasing an additional 2,376 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Compass Minerals International during the second quarter valued at about $45,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Compass Minerals International during the second quarter valued at about $46,000. Hedge funds and other institutional investors 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.