Compass Minerals International, Inc. (CMP) Given Consensus Rating of “Hold” by Brokerages
Compass Minerals International, Inc. (NYSE:CMP) has earned an average recommendation of “Hold” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $73.00.
Several research analysts recently commented on the company. BidaskClub cut Compass Minerals International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. J P Morgan Chase & Co raised Compass Minerals International from a “neutral” rating to an “overweight” rating and set a $70.00 target price for the company in a research note on Monday. Credit Suisse Group set a $63.00 target price on Compass Minerals International and gave the stock a “hold” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $84.00 target price on shares of Compass Minerals International in a research note on Thursday, September 21st.
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Hedge funds and other institutional investors have recently made changes to their positions in the business. Meadow Creek Investment Management LLC lifted its holdings in Compass Minerals International by 26.8% during the 1st quarter. Meadow Creek Investment Management LLC now owns 1,988 shares of the basic materials company’s stock worth $135,000 after buying an additional 420 shares during the last quarter. Bruderman Asset Management LLC purchased a new stake in Compass Minerals International during the 2nd quarter worth about $146,000. Archford Capital Strategies LLC lifted its holdings in Compass Minerals International by 42.4% during the 1st quarter. Archford Capital Strategies LLC now owns 2,612 shares of the basic materials company’s stock worth $177,000 after buying an additional 778 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in Compass Minerals International by 20.3% during the 2nd quarter. LS Investment Advisors LLC now owns 2,786 shares of the basic materials company’s stock worth $182,000 after buying an additional 470 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in Compass Minerals International during the 2nd quarter worth about $206,000.
Shares of Compass Minerals International (CMP) opened at 64.15 on Thursday. Compass Minerals International has a 52 week low of $59.72 and a 52 week high of $84.40. The stock has a market capitalization of $2.17 billion, a PE ratio of 17.92 and a beta of 0.46. The company’s 50 day moving average price is $67.05 and its 200-day moving average price is $67.16.
Compass Minerals International (NYSE:CMP) last issued its quarterly earnings data on Monday, August 7th. The basic materials company reported ($0.19) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.12). Compass Minerals International had a net margin of 9.83% and a return on equity of 10.01%. The firm had revenue of $228.00 million during the quarter, compared to analyst estimates of $261.13 million. During the same period in the previous year, the firm posted $0.18 earnings per share. The company’s quarterly revenue was up 34.5% compared to the same quarter last year. Equities research analysts predict that Compass Minerals International will post $2.79 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date was Wednesday, August 30th. Compass Minerals International’s dividend payout ratio (DPR) is 80.45%.
About Compass Minerals International
Compass Minerals International, Inc (CMI) is a provider of essential minerals that solve nature’s challenges, including salt for winter roadway safety and other consumer, industrial and agricultural uses; specialty plant nutrition minerals for the quality and yield of crops, and specialty chemicals for water treatment and other industrial processes.
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