Compass Minerals International Inc (NYSE: CMP) Stock Jumped 10.10% Over A Month – Is There Any Hope Of A Gain?

During the last session, Compass Minerals International Inc (NYSE:CMP)’s traded shares were 0.47 million, with the beta value of the company hitting 1.14. At the end of the trading day, the stock’s price was $14.83, reflecting an intraday gain of 0.88% or $0.13. The 52-week high for the CMP share is $27.25, that puts it down -83.75 from that peak though still a striking 49.36% gain since the share price plummeted to a 52-week low of $7.51. The company’s market capitalization is $614.70M, and the average intraday trading volume over the past 10 days was 1.19 million shares, and the average trade volume was 1.09 million 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 1.80. 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. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.52.

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Compass Minerals International Inc (NYSE:CMP) trade information

Compass Minerals International Inc (CMP) registered a 0.88% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.88% in intraday trading to $14.83, hitting a weekly high. The stock’s 5-day price performance is 1.92%, and it has moved by 10.10% in 30 days. Based on these gigs, the overall price performance for the year is -41.77%. The short interest in Compass Minerals International Inc (NYSE:CMP) is 3.12 million shares and it means that shorts have 5.18 day(s) to cover.

The consensus price target of analysts on Wall Street is $21.5, which implies an increase of 31.02% 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 -142.75% off the target high and -1.15% off the low.

Compass Minerals International Inc (CMP) estimates and forecasts

Statistics show that Compass Minerals International Inc has underperformed its competitors in share price, compared to the industry in which it operates. Compass Minerals International Inc (CMP) shares have gone up 18.45% during the last six months, with a year-to-date growth rate less than the industry average at -92.00% against 3.10. In the rating firms’ projections, revenue will decrease -7.27% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 208.68M as predicted by 2 analyst(s).

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -27.52%. While earnings are projected to return -166.00% in 2024, the next five years will return 29.96% per annum.

CMP Dividends

Compass Minerals International Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. 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 0.30, with the dividend yield indicating at 2.02 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 3.76%.

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 86.45%, with the float percentage being 105.54%. KOCH INDUSTRIES INC is the largest shareholder of the company, while 295.0 institutions own stock in it. As of 2024-06-30, the company held over 7.03 million shares (or 17.2476% of all shares), a total value of $72.67 million in shares.

The next largest institutional holding, with 6.56 million shares, is of BLACKROCK INC.’s that is approximately 16.0924% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $67.8 million.

Also, the Mutual Funds coming in first place with the largest holdings of Compass Minerals International Inc (CMP) shares are iShares U.S. Infrastructure ETF and Victory Portfolios-Victory Global Energy Transition Fund . Data provided on Sep 30, 2024 indicates that iShares U.S. Infrastructure ETF owns about 1.7 shares. This amounts to just over 4.11 percent of the company’s overall shares, with a $25.25 million market value. The same data shows that the other fund manager holds slightly less at 1.38, or about 3.33% of the stock, which is worth about $20.5 million.