Now Is A Good Time To Buy Compass Minerals International Inc (NYSE: CMP)

During the last session, Compass Minerals International Inc (NYSE:CMP)’s traded shares were 0.44 million, with the beta value of the company hitting 1.15. At the end of the trading day, the stock’s price was $10.80, reflecting an intraday loss of -0.74% or -$0.08. The 52-week high for the CMP share is $39.24, that puts it down -263.33 from that peak though still a striking 9.63% gain since the share price plummeted to a 52-week low of $9.76. The company’s market capitalization is $446.36M, and the average intraday trading volume over the past 10 days was 0.71 million shares, and the average trade volume was 719.25K shares over the past three months.

Compass Minerals International Inc (CMP) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.33. CMP has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it.

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Compass Minerals International Inc (NYSE:CMP) trade information

Compass Minerals International Inc (CMP) registered a -0.74% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.74% in intraday trading to $10.80, hitting a weekly high. The stock’s 5-day price performance is -7.85%, and it has moved by -3.49% in 30 days. Based on these gigs, the overall price performance for the year is -70.42%. The short interest in Compass Minerals International Inc (NYSE:CMP) is 4.94 million shares and it means that shorts have 5.23 day(s) to cover.

The consensus price target of analysts on Wall Street is $21.5, which implies an increase of 49.77% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $15 and $36 respectively. As a result, CMP is trading at a discount of -233.33% off the target high and -38.89% off the low.

Compass Minerals International Inc (CMP) estimates and forecasts

Statistics show that Compass Minerals International Inc has outperformed its competitors in share price, compared to the industry in which it operates. Compass Minerals International Inc (CMP) shares have gone down -49.18% during the last six months, with a year-to-date growth rate more than the industry average at 10.00% against 3.50.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -21.50%. While earnings are projected to return -119.60% in 2024, the next five years will return 27.55% per annum.

CMP Dividends

Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Compass Minerals International Inc is 0.45, with the dividend yield indicating at 4.17 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 3.83%.

Compass Minerals International Inc (NYSE:CMP)’s Major holders

Compass Minerals International Inc insiders own 18.09% of total outstanding shares while institutional holders control 83.85%, with the float percentage being 102.38%. KOCH INDUSTRIES INC is the largest shareholder of the company, while 301.0 institutions own stock in it. As of 2024-03-31, the company held over 7.03 million shares (or 17.0942% of all shares), a total value of $110.72 million in shares.

The next largest institutional holding, with 6.03 million shares, is of BLACKROCK INC.’s that is approximately 14.7744% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $94.85 million.