Is Compass Minerals International Inc’s (NYSE: CMP) Stock Due For A Strong Run?

In the last trading session, 1.47 million Compass Minerals International Inc (NYSE:CMP) shares changed hands as the company’s beta touched 1.09. With the company’s per share price at $7.77 changed hands at -$0.44 or -5.36% during last session, the market valuation stood at $321.13M. CMP’s last price was a discount, traded about -285.71% off its 52-week high of $29.97. The share price had its 52-week low at $7.78, which suggests the last value was -0.13% down since then. When we look at Compass Minerals International Inc’s average trading volume, we note the 10-day average is 1.2 million shares, with the 3-month average coming to 845.92K.

Analysts gave the Compass Minerals International Inc (CMP) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended CMP as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Compass Minerals International Inc’s EPS for the current quarter is expected to be -0.74.

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Compass Minerals International Inc (NYSE:CMP) trade information

Instantly CMP was in red as seen at the end of in last trading. With action -4.55%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -69.31%, with the 5-day performance at -4.55% in the red. However, in the 30-day time frame, Compass Minerals International Inc (NYSE:CMP) is -28.06% down. Looking at the short shares, we see there were 5.25 million shares sold at short interest cover period of 7.97 days.

The consensus price target for the stock as assigned by Wall Street analysts is 21.5, meaning bulls need an upside of 63.86% from its current market value. According to analyst projections, CMP’s forecast low is 15 with 36 as the target high. To hit the forecast high, the stock’s price needs a -363.32% plunge from its current level, while the stock would need to soar -93.05% for it to hit the projected low.

Compass Minerals International Inc (CMP) estimates and forecasts

Data shows that the Compass Minerals International Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -63.12% over the past 6 months, a 10.00% in annual growth rate that is considerably higher than the industry average of 1.30%. Year-over-year growth is forecast to reach -6.30% down from the last financial year.

Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 197.77M. 4 analysts are of the opinion that Compass Minerals International Inc’s revenue for the current quarter will be 224.32M. The estimates for the next quarter sales put growth at -4.00%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -21.50%. The 2024 estimates are for Compass Minerals International Inc earnings to decrease by -167.33%, but the outlook for the next 5-year period is at 27.55% per year.

CMP Dividends

Compass Minerals International Inc is expected to release its next quarterly earnings report in October. The 3.86% annual yield figure for the share gives it an annual dividend of 0.30. It is important to note, however, that the 3.86% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 3.82 per year.

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

If we look at who the major shareholders are, we find that insiders hold 18.09% of Compass Minerals International Inc shares while 88.83% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 108.45%. There are 88.83% institutions holding the Compass Minerals International Inc stock share, with KOCH INDUSTRIES INC the top institutional holder. As of 2024-06-30, the company held 17.2476% of the shares, roughly 7.03 million CMP shares worth $72.67 million.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 16.0924% or 6.56 million shares worth $67.8 million as of 2024-06-30.