Compass Minerals International Inc (NYSE: CMP): Is This The Time To Buy?

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Compass Minerals International Inc (NYSE:CMP)’s traded shares stood at 0.85 million during the last session, with the company’s beta value hitting 1.16. At the close of trading, the stock’s price was $13.57, to imply a decrease of -1.81% or -$0.25 in intraday trading. The CMP share’s 52-week high remains $27.25, putting it -100.81% down since that peak but still an impressive 44.66% since price per share fell to its 52-week low of $7.51. The company has a valuation of $562.47M, with an average of 0.53 million shares in intraday trading volume over the past 10 days and average of 1.03 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Compass Minerals International Inc (CMP), translating to a mean rating of 1.80. Of 3 analyst(s) looking at the stock, 0 analyst(s) give CMP a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.52.

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Compass Minerals International Inc (NYSE:CMP) trade information

After registering a -1.81% downside in the last session, Compass Minerals International Inc (CMP) has traded red over the past five days. The 5-day price performance for the stock is -12.05%, and 0.37% over 30 days. With these gigs, the year-to-date price performance is -46.41%. Short interest in Compass Minerals International Inc (NYSE:CMP) saw shorts transact 3.09 million shares and set a 4.03 days time to cover.

The extremes give us $15 and $36 for target low and target high price respectively. As such, CMP has been trading -165.29% off suggested target high and -10.54% from its likely low.

Compass Minerals International Inc (CMP) estimates and forecasts

Looking at statistics comparing Compass Minerals International Inc share performance against respective industry, we note that the company has underperformed competitors. Compass Minerals International Inc (CMP) shares are 1.42% up over the last 6 months, with its year-to-date growth rate lower than industry average at -92.00% against 3.40%. The rating firms project that company’s revenue will shrink -7.27% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is 208.68M.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -27.52% for the past 5-year period. While 2024 is set for a -163.78% return in earnings, projections for the next 5 years are at 29.96% annually.

CMP Dividends

Compass Minerals International Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Compass Minerals International Inc has a forward dividend ratio of 0.30, with the share yield ticking at 2.21% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 3.7%.

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

Compass Minerals International Inc insiders hold 18.09% of total outstanding shares, with institutional holders owning 86.46% of the shares at 105.56% float percentage. In total, 86.46% institutions holds shares in the company, led by KOCH INDUSTRIES INC. As of 2024-06-30, the company held over 7.03 million shares (or 17.2476% of shares), all amounting to roughly $72.67 million.

The next major institution holding the largest number of shares is BLACKROCK INC. with 6.56 million shares, or about 16.0924% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $67.8 million.