Compass Minerals International, Inc. (NYSE:CMP) Receives $20.00 Consensus Price Target from Analysts

Shares of Compass Minerals International, Inc. (NYSE:CMP) have earned an average rating of “Reduce” from the five research firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $20.00.

A number of research firms have issued reports on CMP. JPMorgan Chase & Co. reissued an “underweight” rating and set a $18.00 target price (up from $15.00) on shares of Compass Minerals International in a research note on Wednesday, August 13th. Zacks Research lowered shares of Compass Minerals International from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. Wall Street Zen lowered shares of Compass Minerals International from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Compass Minerals International in a research note on Wednesday, October 8th.

Compass Minerals International Stock Down 0.6%

Shares of NYSE:CMP opened at $17.23 on Tuesday. The stock has a market capitalization of $718.40 million, a price-to-earnings ratio of -5.90 and a beta of 1.13. Compass Minerals International has a 1-year low of $8.60 and a 1-year high of $22.69. The company’s fifty day moving average is $18.62 and its two-hundred day moving average is $18.86. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.15 and a current ratio of 2.15.

Compass Minerals International (NYSE:CMP) last issued its earnings results on Monday, August 11th. The basic materials company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.26). The business had revenue of $214.60 million for the quarter, compared to analyst estimates of $208.60 million. Compass Minerals International had a negative return on equity of 16.70% and a negative net margin of 9.87%.The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the company posted ($1.05) earnings per share. Compass Minerals International has set its FY 2025 guidance at EPS. Equities analysts anticipate that Compass Minerals International will post -0.53 EPS for the current year.

Institutional Investors Weigh In On Compass Minerals International

Several large investors have recently made changes to their positions in the company. Federated Hermes Inc. grew its position in Compass Minerals International by 8,417.1% in the 3rd quarter. Federated Hermes Inc. now owns 335,061 shares of the basic materials company’s stock valued at $6,433,000 after buying an additional 331,127 shares in the last quarter. Hussman Strategic Advisors Inc. bought a new position in Compass Minerals International in the 3rd quarter valued at about $806,000. Strs Ohio grew its position in Compass Minerals International by 30.9% in the 3rd quarter. Strs Ohio now owns 19,500 shares of the basic materials company’s stock valued at $374,000 after buying an additional 4,600 shares in the last quarter. New York State Teachers Retirement System bought a new position in Compass Minerals International in the 3rd quarter valued at about $60,000. Finally, State of Alaska Department of Revenue bought a new position in Compass Minerals International in the 3rd quarter valued at about $31,000. Institutional investors and hedge funds own 99.78% of the company’s stock.

Compass Minerals International Company Profile

Compass Minerals International, Inc, provides essential minerals in the United States, Canada, the United Kingdom, and internationally. It operates through two segments, Salt and Plant Nutrition. The Salt segment produces, markets, and sells 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 sodium chloride to produce specialty products.