Compass Minerals International, Inc. (NYSE:CMP) is one of the stocks that are grabbing investor focus today: skyrocketing 5.15% or (2.84 points) to $57.9 from its previous close of $55.06. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 99446 contracts so far this session. CMP shares had a relatively better volume day versus average trading capacity of 304.69 thousand shares, but with a 33.64 million float and a 1.53% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for CMP stock indicates that the average analyst price target is $60.13 per share. This means the stock has a potential increase of 3.85% from where the CMP share price has been trading recently which is between $54.7 and $55.54. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $50. Flipping the other side of the coin, an analyst who is fully bullish set a price target as high as $73.
During the recent trading session for Compass Minerals International, Inc. (NYSE:CMP), the company witnessed their stock rise $3.07 over a week and surge $0.95 from the price 20 days ago. When compared to their established 52-week high of $69.23, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 10/16/18. The recent low of $38.19 stood for a -16.37% since 12/26/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.37 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to. At the moment, the median target price for CMP is set at $58, a figure which is below the recent 1-year high the stock witnessed.
Looking at the current readings for Compass Minerals International, Inc., the two-week RSI stands at 63.63. This figure suggests that CMP stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current CMP readings is similarly very revealing as it has a stochastic reading of 59.47% at this stage. This figure means that CMP share price today is being neutral.
Technical chart claims that Compass Minerals International, Inc. (CMP) would settle between $55.5/share to $55.94/share level. However, if the stock price goes below the $54.66 mark, then the market for Compass Minerals International, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $54.26 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 1.08. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Credit Suisse raised their recommendation on shares of CMP from Underperform to Neutral in their opinion released on November 27. Monness Crespi & Hardt analysts again handed out a Buy recommendation to Compass Minerals International, Inc. (NYSE:CMP) stock but they lifted target price for the shares in a flash note issued to investors on November 02. The target price has been raised from $76 to $63. Analysts at Stephens, made their first call for the equity with a Overweight recommendation, according to a research note that dated back to April 03.
CMP equity has an average rating of 2.7, with the figure leaning towards a bullish end. 8 analysts who tracked the company were contacted by Reuters. Amongst them, 3 rated the stock as a hold while the remaining 5 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 4 analysts rated Compass Minerals International, Inc. (NYSE:CMP) as a buy or a strong buy while 1 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, CMP stock price is currently trading at 14.3X forward 12-month Consensus EPS estimates, and its P/E ratio is 31.6 while for the average stock in the same group, the multiple is 19.9. Compass Minerals International, Inc. current P/B ratio of 3.6 means it is trading at a premium against its industry’s 1.8.
Compass Minerals International, Inc. (CMP)’s current-quarter revenues are projected to climb by nearly 9.1% to hit $351890, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 3.7% from $1.49 billion to a noteworthy $1.55 billion. At the other end of the current quarter income statement, Compass Minerals International, Inc. is expected to see its adjusted earnings surge by roughly 91.9% to hit $0.71 per share. For the fiscal year, CMP’s earnings are projected to climb by roughly 30.6% to hit $2.52 per share.