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

Compass Minerals International, Inc. (NYSE:CMP) shares 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 Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. BMO Capital Markets reissued a “market perform” rating and set a $20.00 target price on shares of Compass Minerals International in a research report on Wednesday, September 18th. StockNews.com raised Compass Minerals International to a “sell” rating in a research report on Wednesday, September 18th. One equities 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. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $31.00.

Compass Minerals International Trading Down 3.3 %

The company has a market cap of $495.18 million, a P/E ratio of -5.93, a price-to-earnings-growth ratio of 1.16 and a beta of 1.10. The company has a quick ratio of 1.15, a current ratio of 2.98 and a debt-to-equity ratio of 2.25. The firm’s 50-day moving average price is $10.39 and its 200-day moving average price is $12.14.

Institutional Investors Weigh In On Compass Minerals International

Hedge funds and other institutional investors have recently bought and sold shares of the business. First Eagle Investment Management LLC purchased a new position in shares of Compass Minerals International in the first quarter valued at $1,908,000. Morningstar Investment Services LLC increased its position in shares of Compass Minerals International by 89.2% during the fourth quarter. Morningstar Investment Services LLC now owns 1,352,718 shares of the basic materials company’s stock valued at $35,333,000 after buying an additional 637,883 shares during the period. Yost Capital Management LP purchased a new stake in shares of Compass Minerals International in the fourth quarter worth about $4,583,000. Freestone Capital Holdings LLC bought a new position in shares of Compass Minerals International in the first quarter valued at approximately $767,000. Finally, Wellington Management Group LLP grew its stake in Compass Minerals International by 16.1% during the fourth quarter. Wellington Management Group LLP now owns 140,097 shares of the basic materials company’s stock valued at $3,547,000 after acquiring an additional 19,455 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.