Shares of Compass Minerals International, Inc. (NYSE:CMP) have earned an average rating of “Hold” from the six analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $56.52.

CMP has been the subject of a number of research reports. BMO Capital Markets set a $60.00 target price on shares of Compass Minerals International and gave the stock a “hold” rating in a research note on Thursday, May 2nd. Zacks Investment Research cut shares of Compass Minerals International from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. Finally, Deutsche Bank cut their target price on shares of Compass Minerals International from $60.00 to $55.00 and set a “hold” rating for the company in a research note on Tuesday, August 13th.

A number of hedge funds and other institutional investors have recently made changes to their positions in CMP. Invesco Ltd. grew its stake in Compass Minerals International by 1,843.5% during the 2nd quarter. Invesco Ltd. now owns 1,300,205 shares of the basic materials company’s stock valued at $71,446,000 after acquiring an additional 1,233,306 shares in the last quarter. Norges Bank purchased a new stake in Compass Minerals International during the 4th quarter valued at about $10,894,000. Nuveen Asset Management LLC purchased a new stake in Compass Minerals International during the 2nd quarter valued at about $10,392,000. Lodge Hill Capital LLC purchased a new stake in Compass Minerals International during the 2nd quarter valued at about $7,495,000. Finally, Wells Fargo & Company MN grew its stake in Compass Minerals International by 31.7% during the 2nd quarter. Wells Fargo & Company MN now owns 458,686 shares of the basic materials company’s stock valued at $25,206,000 after acquiring an additional 110,302 shares in the last quarter. 93.85% of the stock is owned by institutional investors.

Shares of CMP stock traded up $1.62 on Tuesday, reaching $50.36. 183,700 shares of the company were exchanged, compared to its average volume of 405,503. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 26.09 and a beta of 1.33. The business has a 50-day moving average price of $54.11 and a 200 day moving average price of $54.25. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.14 and a current ratio of 2.26. Compass Minerals International has a 1 year low of $38.19 and a 1 year high of $70.40.

Compass Minerals International (NYSE:CMP) last released its earnings results on Tuesday, August 6th. The basic materials company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.13). The company had revenue of $245.20 million for the quarter, compared to analysts’ expectations of $250.99 million. Compass Minerals International had a return on equity of 11.01% and a net margin of 4.09%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.23) EPS. As a group, equities analysts anticipate that Compass Minerals International will post 2.58 earnings per share for the current year.

Compass Minerals International Company Profile

Compass Minerals International, Inc, produces and sells salt, and specialty plant nutrition and chemical products primarily in the United States, Canada, Brazil, and the United Kingdom. It operates through three segments: Salt, Plant Nutrition North America, and Plant Nutrition South America. The Salt segment offers sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with salt to produce specialty products.

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