While Compass Minerals International Inc has underperformed by -2.23%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CMP fell by -68.86%, with highs and lows ranging from $29.97 to $7.51, whereas the simple moving average fell by -42.97% in the last 200 days.
On April 26, 2024, Loop Capital Upgraded Compass Minerals International Inc (NYSE: CMP) to Buy. A report published by Loop Capital on March 04, 2024, Downgraded its rating to ‘Hold’ for CMP. JP Morgan also Upgraded CMP shares as ‘Neutral’, setting a target price of $24 on the company’s shares in a report dated November 20, 2023. Loop Capital initiated its ‘Buy’ rating for CMP, as published in its report on July 17, 2023. JP Morgan’s report from February 10, 2022 suggests a price prediction of $52 for CMP shares, giving the stock a ‘Underweight’ rating. Goldman also rated the stock as ‘Neutral’.
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Analysis of Compass Minerals International Inc (CMP)
The current dividend for CMP investors is set at $0.30 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter decrease in sales is -11.46%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Compass Minerals International Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -19.81% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.15, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and CMP is recording an average volume of 869.53K. On a monthly basis, the volatility of the stock is set at 5.75%, whereas on a weekly basis, it is put at 8.35%, with a gain of 12.18% over the past seven days. Furthermore, long-term investors anticipate a median target price of $17.33, showing growth from the present price of $9.21, which can serve as yet another indication of whether CMP is worth investing in or should be passed over.
How Do You Analyze Compass Minerals International Inc Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.01%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 105.89% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CMP shares are owned by institutional investors to the tune of 105.89% at present.
