Compass Minerals International Inc. (CMP) PT Set at $63.00 by Monness Crespi & Hardt
Compass Minerals International Inc. (NYSE:CMP) has been assigned a $63.00 target price by Monness Crespi & Hardt in a research report issued to clients and investors on Wednesday. The firm currently has a a “sell” rating on the stock. Monness Crespi & Hardt’s price objective would indicate a potential downside of 14.26% from the company’s current price.
A number of other brokerages have also issued reports on CMP. Zacks Investment Research upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Tuesday, September 27th. Stifel Nicolaus started coverage on shares of Compass Minerals International in a research note on Tuesday, July 12th. They set a “buy” rating and a $90.00 target price for the company. TheStreet lowered shares of Compass Minerals International from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. Finally, KeyCorp lowered shares of Compass Minerals International from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, June 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $76.25.
Shares of Compass Minerals International (NYSE:CMP) traded up 1.33% during mid-day trading on Wednesday, reaching $74.46. 146,727 shares of the company were exchanged. Compass Minerals International has a 12 month low of $66.30 and a 12 month high of $86.41. The company’s 50-day moving average is $73.14 and its 200 day moving average is $74.00. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 17.90 and a beta of 0.62.
Compass Minerals International (NYSE:CMP) last issued its quarterly earnings results on Monday, July 25th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The business earned $169.50 million during the quarter, compared to analyst estimates of $177.56 million. Compass Minerals International had a net margin of 13.63% and a return on equity of 21.37%. The business’s revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 earnings per share. Analysts predict that Compass Minerals International will post $2.78 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a dividend of $0.695 per share. This represents a $2.78 annualized dividend and a dividend yield of 3.78%. The ex-dividend date was Tuesday, August 30th. Compass Minerals International’s dividend payout ratio (DPR) is 66.83%.
Several institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services Inc increased its position in shares of Compass Minerals International by 58.1% in the first quarter. Commonwealth Equity Services Inc now owns 12,475 shares of the company’s stock valued at $884,000 after buying an additional 4,586 shares during the period. IFP Advisors Inc increased its stake in Compass Minerals International by 470.5% in the first quarter. IFP Advisors Inc now owns 1,626 shares of the company’s stock valued at $115,000 after buying an additional 1,341 shares during the last quarter. BlackRock Inc. increased its stake in Compass Minerals International by 24.8% in the first quarter. BlackRock Inc. now owns 47,026 shares of the company’s stock valued at $3,333,000 after buying an additional 9,342 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Compass Minerals International by 3.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,011,248 shares of the company’s stock valued at $71,657,000 after buying an additional 29,772 shares during the last quarter. Finally, Motley Fool Wealth Management LLC bought a new stake in Compass Minerals International during the first quarter valued at $2,219,000. 97.03% of the stock is owned by institutional investors.
About Compass Minerals International
Compass Minerals International, Inc 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. It operates through two segments, which include salt and plant nutrition.
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