Compass Minerals International (NYSE:CMP) Shares Gap Down to $12.39

Compass Minerals International, Inc. (NYSE:CMP)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $12.39, but opened at $12.04. Compass Minerals International shares last traded at $12.17, with a volume of 24,024 shares trading hands.

Analyst Ratings Changes

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

Compass Minerals International Stock Performance

The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.15 and a current ratio of 2.98. The firm’s 50-day moving average price is $10.38 and its two-hundred day moving average price is $12.09. The firm has a market capitalization of $509.23 million, a price-to-earnings ratio of -5.89, a price-to-earnings-growth ratio of 1.16 and a beta of 1.10.

Hedge Funds Weigh In On Compass Minerals International

Several institutional investors have recently added to or reduced their stakes in CMP. Denver PWM LLC bought a new position in shares of Compass Minerals International in the second quarter worth about $29,000. Ridgewood Investments LLC bought a new position in shares of Compass Minerals International in the second quarter worth about $37,000. Allspring Global Investments Holdings LLC bought a new position in shares of Compass Minerals International in the second quarter worth about $45,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Compass Minerals International in the second quarter worth about $46,000. Finally, CarsonAllaria Wealth Management Ltd. raised its stake in shares of Compass Minerals International by 26.2% in the second quarter. CarsonAllaria Wealth Management Ltd. now owns 4,659 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 966 shares during the last quarter. 99.78% of the stock is owned by institutional investors.

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.