Compass Minerals International Inc. (CMP) Stock Rating Upgraded by TheStreet
Compass Minerals International Inc. (NYSE:CMP) was upgraded by equities research analysts at TheStreet from a “hold” rating to a “buy” rating in a research report issued on Monday.
A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Compass Minerals International from a “buy” rating to a “hold” rating in a research report on Friday, October 28th. Monness Crespi & Hardt upgraded Compass Minerals International from a “sell” rating to a “neutral” rating in a research report on Wednesday, October 26th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $76.25.
Shares of Compass Minerals International (NYSE:CMP) opened at 78.95 on Monday. The firm’s 50-day moving average price is $73.49 and its 200-day moving average price is $74.22. The stock has a market cap of $2.67 billion, a P/E ratio of 21.70 and a beta of 0.49. Compass Minerals International has a 52-week low of $66.30 and a 52-week high of $85.28.
Compass Minerals International (NYSE:CMP) last released its earnings results on Monday, October 24th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by $0.01. The firm earned $179.60 million during the quarter, compared to analyst estimates of $207.25 million. Compass Minerals International had a return on equity of 18.34% and a net margin of 12.55%. The business’s revenue for the quarter was down 22.8% on a year-over-year basis. During the same quarter last year, the company earned $0.80 earnings per share. On average, equities research analysts forecast that Compass Minerals International will post $2.95 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be issued a $0.695 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.52%. Compass Minerals International’s payout ratio is currently 76.58%.
Hedge funds have recently added to or reduced their stakes in the stock. Independent Portfolio Consultants Inc. raised its stake in Compass Minerals International by 24.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 8,754 shares of the company’s stock worth $649,000 after buying an additional 1,705 shares during the last quarter. Nisa Investment Advisors LLC acquired a new stake in Compass Minerals International during the second quarter worth about $371,000. GWM Advisors LLC acquired a new stake in Compass Minerals International during the second quarter worth about $588,000. Kelman Lazarov Inc. raised its stake in Compass Minerals International by 2.0% in the second quarter. Kelman Lazarov Inc. now owns 17,465 shares of the company’s stock worth $1,303,000 after buying an additional 350 shares during the last quarter. Finally, Capstone Asset Management Co. raised its stake in Compass Minerals International by 1.3% in the second quarter. Capstone Asset Management Co. now owns 3,096 shares of the company’s stock worth $230,000 after buying an additional 40 shares during the last quarter.
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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