Is Buying Stock Like Compass Minerals International, Inc. Good Idea After Today’s Bearish Options Activity?

 Is Buying Stock Like Compass Minerals International, Inc. Good Idea After Today's Bearish Options Activity?

In today’s session Compass Minerals International, Inc. (CMP) recorded an unusually high (634) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious CMP decrease. With 634 contracts traded and 5144 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: CMP161216P00075000 closed last at: $4.1 or 10.9% down. About 44,245 shares traded hands. Compass Minerals International, Inc. (NYSE:CMP) has risen 8.44% since March 4, 2016 and is uptrending. It has outperformed by 0.40% the S&P500.

Analysts await Compass Minerals International, Inc. (NYSE:CMP) to report earnings on October, 25. They expect $0.25 EPS, down 68.75% or $0.55 from last year’s $0.8 per share. CMP’s profit will be $8.46M for 72.69 P/E if the $0.25 EPS becomes a reality. After $0.18 actual EPS reported by Compass Minerals International, Inc. for the previous quarter, Wall Street now forecasts 38.89% EPS growth.

Compass Minerals International, Inc. (NYSE:CMP) Ratings Coverage

Out of 5 analysts covering Compass Minerals (NYSE:CMP), 1 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 20% are positive. $90.0 is the highest target while $63 is the lowest. The $67.67 average target is -6.91% below today’s ($72.69) stock price. Compass Minerals has been the topic of 10 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The stock of Compass Minerals International, Inc. (NYSE:CMP) earned “Buy” rating by Stifel Nicolaus on Wednesday, July 13. The stock of Compass Minerals International, Inc. (NYSE:CMP) earned “Sell” rating by Monness Crespi & Hardt on Wednesday, October 5. The firm has “Sell” rating given on Monday, December 21 by Monness Crespi & Hardt. KeyBanc Capital Markets downgraded Compass Minerals International, Inc. (NYSE:CMP) on Wednesday, June 15 to “Sector Weight” rating. The company was maintained on Friday, August 14 by Deutsche Bank. The firm has “Sell” rating given on Monday, October 19 by Monness Crespi & Hardt. BB&T Capital downgraded Compass Minerals International, Inc. (NYSE:CMP) on Wednesday, March 30 to “Hold” rating. On Monday, November 2 the stock rating was maintained by JP Morgan with “Neutral”. The firm has “Neutral” rating by JP Morgan given on Tuesday, April 12.

According to Zacks Investment Research, “Compass Minerals is the largest producer of rock, or highway deicing, salt in North America and the United Kingdom and operates the largest highway deicing salt mines in these regions. The company is also the third largest producer of general trade salt in North America and the second largest in the United Kingdom, serving major retailers, agricultural cooperatives and food producers. In addition, Compass is the largest producer of sulfate of potash in North America, which is used in the production of specialty fertilizers.”

Insitutional Activity: The institutional sentiment increased to 1.54 in Q2 2016. Its up 0.23, from 1.31 in 2016Q1. The ratio increased, as 18 funds sold all Compass Minerals International, Inc. shares owned while 76 reduced positions. 35 funds bought stakes while 110 increased positions. They now own 34.53 million shares or 0.19% less from 34.59 million shares in 2016Q1.
Moreover, Enterprise Services Corporation has 0% invested in Compass Minerals International, Inc. (NYSE:CMP) for 71 shares. Guggenheim Cap Ltd owns 55,292 shares or 0.01% of their US portfolio. Nuveen Asset Mngmt Ltd owns 13,621 shares or 0.01% of their US portfolio. Profund Advsr Ltd Limited Liability Company last reported 7,977 shares in the company. Weitz Invest Mgmt holds 16,000 shares or 0.04% of its portfolio. Fifth Third Retail Bank has invested 0% of its portfolio in Compass Minerals International, Inc. (NYSE:CMP). Moreover, Huntington Natl Bank has 0% invested in Compass Minerals International, Inc. (NYSE:CMP) for 145 shares. Tower Cap Lc (Trc) last reported 3,930 shares in the company. The Nebraska-based Farmers Merchants Invs Inc has invested 0% in Compass Minerals International, Inc. (NYSE:CMP). Lloyds Bk Grp Public Limited Company, a United Kingdom-based fund reported 3,032 shares. Arizona State Retirement Systems has invested 0.01% of its portfolio in Compass Minerals International, Inc. (NYSE:CMP). The Massachusetts-based Cadence Cap Mngmt Llc has invested 0.03% in Compass Minerals International, Inc. (NYSE:CMP). State Board Of Administration Of Florida Retirement last reported 43,902 shares in the company. Strategic Advisors Ltd Liability Corp accumulated 0.26% or 6,056 shares. Analytic Investors Lc reported 462,459 shares or 0.41% of all its holdings.

Compass Minerals International, Inc

CMP Company Profile

Compass Minerals International, Inc. (CMI), incorporated on December 17, 1993, is a holding company. The Company, through its subsidiaries, is engaged in producing and marketing essential minerals, including salt, sulfate of potash (SOP) specialty fertilizer, magnesium chloride and micronutrients. The Firm operates through two divisions, which include salt and plant nutrition. The Firm operates over 10 production and packaging facilities, including the rock salt mines in Goderich, Ontario, Canada, and in the United Kingdom in Winsford, Cheshire. The Firm provides highway deicing salt to its clients in North America and the United Kingdom, and plant nutrition products to growers and fertilizer distributors across the world. CMI sells various micronutrient products under its Wolf Trax brand.

More important recent Compass Minerals International, Inc. (NYSE:CMP) news were published by: Fool.com which released: “Compass Minerals International, Inc. Reports Mixed Demand, Declining Profits” on July 28, 2016, also Forbes.com published article titled: “Compass Minerals International Enters Oversold Territory”, Prnewswire.com published: “SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Compass …” on July 27, 2016. More interesting news about Compass Minerals International, Inc. (NYSE:CMP) was released by: Zacks.com and their article: “Is Compass Minerals (CMP) Stock a Solid Choice Right Now?” with publication date: October 06, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment