Compass Minerals International Inc. (CMP) Sees Strong Trading Volume
Shares of Compass Minerals International Inc. (NYSE:CMP) saw an uptick in trading volume on Friday . 698,966 shares were traded during mid-day trading, an increase of 68% from the previous session’s volume of 415,408 shares.The stock last traded at $72.18 and had previously closed at $72.65.
A number of equities research analysts have weighed in on the stock. KeyCorp downgraded shares of Compass Minerals International from an “overweight” rating to a “sector weight” rating in a report on Wednesday, June 15th. Zacks Investment Research raised shares of Compass Minerals International from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th. JPMorgan Chase & Co. cut their price target on shares of Compass Minerals International from $70.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, April 12th. BB&T Corp. downgraded shares of Compass Minerals International from a “buy” rating to a “hold” rating in a report on Wednesday, March 30th. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $98.00 price target on shares of Compass Minerals International in a report on Sunday, June 5th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $74.29.
The stock has a market capitalization of $2.46 billion and a P/E ratio of 16.72. The company’s 50 day moving average price is $77.56 and its 200-day moving average price is $73.78.
Compass Minerals International (NYSE:CMP) last issued its quarterly earnings data on Monday, April 25th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.13. The company had revenue of $345.70 million for the quarter, compared to the consensus estimate of $347.69 million. The firm’s revenue was down 12.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.79 earnings per share. On average, equities research analysts predict that Compass Minerals International Inc. will post $3.40 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st were paid a $0.695 dividend. The ex-dividend date of this dividend was Friday, May 27th. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.81%.
Several hedge funds have made changes to their positions in the stock. Hamilton Point Investment Advisors LLC raised its stake in shares of Compass Minerals International by 13.3% in the fourth quarter. Hamilton Point Investment Advisors LLC now owns 16,806 shares of the company’s stock worth $1,265,000 after buying an additional 1,976 shares during the period. Wellington Shields Capital Management LLC acquired a new stake in shares of Compass Minerals International during the fourth quarter worth $1,275,000. Kornitzer Capital Management Inc. KS acquired a new stake in shares of Compass Minerals International during the fourth quarter worth $1,519,000. Wells Fargo & Company MN raised its stake in shares of Compass Minerals International by 27.0% in the fourth quarter. Wells Fargo & Company MN now owns 21,152 shares of the company’s stock worth $1,592,000 after buying an additional 4,501 shares during the period. Finally, Mutual of America Capital Management LLC raised its stake in shares of Compass Minerals International by 0.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 22,421 shares of the company’s stock worth $1,688,000 after buying an additional 68 shares during the period.
Compass Minerals International, Inc (CMP) is a holding company. The Company is a producer and marketer of essential minerals, including salt, sulfate of potash specialty fertilizer (SOP), and magnesium chloride. The Company operates through two segments: salt and plant nutrition. The salt segment produces and markets salt and magnesium chloride for use in road deicing and dust control, food processing, water softeners, and agricultural and industrial applications.
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