Compass Minerals International (NYSE:CMP) Shares Down 4.1% – Here’s Why

Compass Minerals International, Inc. (NYSE:CMP) fell 4.1% during trading on Monday . The stock traded as low as $14.56 and last traded at $14.79. 62,585 shares traded hands during trading, a decline of 92% from the average session volume of 812,105 shares. The stock had previously closed at $15.43.

Analysts Set New Price Targets

CMP has been the topic of a number of analyst reports. StockNews.com upgraded shares of Compass Minerals International to a “sell” rating in a research report on Wednesday, September 18th. BMO Capital Markets reiterated a “market perform” rating and set a $20.00 price target on shares of Compass Minerals International in a report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.00.

Compass Minerals International Stock Performance

The firm has a market capitalization of $612.22 million, a P/E ratio of -3.60 and a beta of 1.17. The company has a debt-to-equity ratio of 2.47, a current ratio of 2.90 and a quick ratio of 0.74. The firm has a 50-day moving average price of $13.31 and a two-hundred day moving average price of $11.84.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings data on Tuesday, September 17th. The basic materials company reported ($1.01) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.34). The company had revenue of $202.90 million for the quarter, compared to the consensus estimate of $201.86 million. Compass Minerals International had a negative net margin of 14.81% and a positive return on equity of 4.75%. On average, analysts forecast that Compass Minerals International, Inc. will post 0.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. raised its position in Compass Minerals International by 1,145.5% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 55,087 shares of the basic materials company’s stock valued at $662,000 after purchasing an additional 50,664 shares in the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of Compass Minerals International in the second quarter valued at about $2,448,000. Algert Global LLC purchased a new stake in Compass Minerals International in the second quarter worth about $477,000. Wolverine Asset Management LLC bought a new position in Compass Minerals International during the 2nd quarter worth about $676,000. Finally, Vanguard Group Inc. grew its holdings in Compass Minerals International by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 4,579,361 shares of the basic materials company’s stock worth $72,079,000 after acquiring an additional 160,632 shares in the last quarter. Institutional investors own 99.78% of the company’s stock.

About Compass Minerals International

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.