Compass Minerals International (NYSE:CMP) Stock Price Up 5.9% - Here's What Happened

Compass Minerals International, Inc. (NYSE:CMP - Get Free Report) shares rose 5.9% during mid-day trading on Wednesday . The stock traded as high as $12.89 and last traded at $12.82. Approximately 57,521 shares traded hands during trading, a decline of 93% from the average daily volume of 829,832 shares. The stock had previously closed at $12.11.

Analysts Set New Price Targets

A number of research firms have commented on CMP. BMO Capital Markets reaffirmed a "market perform" rating and set a $20.00 target price on shares of Compass Minerals International in a report on Wednesday, September 18th. StockNews.com raised Compass Minerals International to a "sell" rating in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Compass Minerals International presently has a consensus rating of "Hold" and an average target price of $31.00.

Compass Minerals International Stock Up 10.7 %

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 fifty day simple moving average is $10.30 and its 200 day simple moving average is $11.84. The stock has a market capitalization of $553.88 million, a price-to-earnings ratio of -6.41, a P/E/G ratio of 1.16 and a beta of 1.11.

Institutional Trading of Compass Minerals International

Several hedge funds and other institutional investors have recently modified their holdings of CMP. Denver PWM LLC bought a new position in Compass Minerals International in the second quarter valued at $29,000. Ridgewood Investments LLC bought a new position in shares of Compass Minerals International in the 2nd quarter valued at about $37,000. PNC Financial Services Group Inc. increased its position in shares of Compass Minerals International by 117.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,391 shares of the basic materials company's stock valued at $111,000 after acquiring an additional 2,376 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Compass Minerals International during the second quarter worth about $45,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Compass Minerals International during the second quarter worth about $46,000. Institutional investors and hedge funds own 99.78% of the company's stock.

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.