Compass Minerals International, Inc. (NYSE:CMP) Short Interest Update

Compass Minerals International, Inc. (NYSE:CMP) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 2,850,000 shares, a growth of 14.5% from the September 30th total of 2,490,000 shares. Based on an average daily volume of 247,100 shares, the short-interest ratio is currently 11.5 days. Approximately 8.5% of the shares of the stock are short sold.

A number of equities analysts have weighed in on CMP shares. BMO Capital Markets decreased their target price on Compass Minerals International to $55.00 and set a “market perform” rating on the stock in a research note on Thursday, November 7th. Deutsche Bank dropped their price objective on Compass Minerals International from $60.00 to $55.00 and set a “hold” rating for the company in a report on Tuesday, August 13th. Zacks Investment Research cut Compass Minerals International from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. ValuEngine upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. raised their target price on Compass Minerals International from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Compass Minerals International currently has a consensus rating of “Hold” and an average price target of $56.61.

Shares of Compass Minerals International stock traded up $0.45 during trading hours on Friday, hitting $55.71. The company’s stock had a trading volume of 182,361 shares, compared to its average volume of 260,021. The business has a 50 day moving average price of $56.34 and a two-hundred day moving average price of $54.48. Compass Minerals International has a 12-month low of $38.19 and a 12-month high of $60.14. The company has a market cap of $1.87 billion, a PE ratio of 28.87 and a beta of 1.36. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.29 and a current ratio of 2.50.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.37). Compass Minerals International had a return on equity of 11.29% and a net margin of 3.89%. The company had revenue of $341.30 million for the quarter, compared to the consensus estimate of $351.89 million. During the same period in the previous year, the firm earned $0.37 earnings per share. The company’s revenue was up 5.8% compared to the same quarter last year. As a group, research analysts anticipate that Compass Minerals International will post 2.43 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Northern Oak Wealth Management Inc. acquired a new stake in shares of Compass Minerals International in the third quarter worth $28,000. Coastal Investment Advisors Inc. increased its stake in shares of Compass Minerals International by 79.3% in the 3rd quarter. Coastal Investment Advisors Inc. now owns 538 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 238 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Compass Minerals International in the 2nd quarter valued at about $38,000. North Star Investment Management Corp. bought a new stake in shares of Compass Minerals International in the 3rd quarter valued at about $39,000. Finally, Vista Private Wealth Partners. LLC bought a new stake in Compass Minerals International during the 3rd quarter worth approximately $59,000. 94.18% of the stock is owned by institutional investors.

About Compass Minerals International

Compass Minerals International, Inc, produces and sells salt, and specialty plant nutrition and chemical products primarily in the United States, Canada, Brazil, and the United Kingdom. It operates through three segments: Salt, Plant Nutrition North America, and Plant Nutrition South America. The Salt segment offers 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 salt to produce specialty products.

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