Compass Minerals International, Inc. (NYSE:CMP) Receives $28.80 Consensus Target Price from Brokerages

Compass Minerals International, Inc. (NYSE:CMP) has earned a consensus recommendation of “Hold” from the five research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $28.80.

A number of analysts have weighed in on the stock. Wall Street Zen downgraded shares of Compass Minerals International from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research lowered Compass Minerals International from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. upgraded shares of Compass Minerals International from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $20.00 to $30.00 in a research report on Thursday, May 14th. Weiss Ratings lowered shares of Compass Minerals International from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $35.00 price target on shares of Compass Minerals International in a research report on Wednesday, May 27th.

Compass Minerals International Trading Up 0.2%

Shares of NYSE:CMP opened at $31.53 on Wednesday. The firm has a fifty day moving average of $27.96 and a two-hundred day moving average of $24.25. Compass Minerals International has a 12-month low of $16.40 and a 12-month high of $34.50. The firm has a market capitalization of $1.32 billion, a P/E ratio of 210.21 and a beta of 1.23. The company has a quick ratio of 1.34, a current ratio of 2.06 and a debt-to-equity ratio of 2.60.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.59 by $0.04. Compass Minerals International had a net margin of 0.55% and a return on equity of 8.99%. The company had revenue of $453.20 million for the quarter, compared to analyst estimates of $418.97 million. During the same quarter in the prior year, the business posted $0.63 EPS. Compass Minerals International’s quarterly revenue was down 8.4% on a year-over-year basis. On average, equities analysts expect that Compass Minerals International will post 0.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Compass Minerals International

Several institutional investors and hedge funds have recently modified their holdings of CMP. GSA Capital Partners LLP boosted its stake in shares of Compass Minerals International by 357.0% in the 3rd quarter. GSA Capital Partners LLP now owns 63,742 shares of the basic materials company’s stock valued at $1,224,000 after purchasing an additional 49,793 shares in the last quarter. O Keefe Stevens Advisory Inc. increased its stake in shares of Compass Minerals International by 4.2% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 593,887 shares of the basic materials company’s stock valued at $11,664,000 after acquiring an additional 23,860 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Compass Minerals International in the 3rd quarter valued at $1,012,000. American Century Companies Inc. grew its position in Compass Minerals International by 35.0% in the 3rd quarter. American Century Companies Inc. now owns 1,236,884 shares of the basic materials company’s stock valued at $23,748,000 after purchasing an additional 320,796 shares during the period. Finally, SG Americas Securities LLC grew its position in Compass Minerals International by 105.9% in the 4th quarter. SG Americas Securities LLC now owns 45,228 shares of the basic materials company’s stock valued at $888,000 after purchasing an additional 23,261 shares during the period. 99.78% of the stock is currently owned by institutional investors and hedge funds.

About Compass Minerals International

Compass Minerals International, Inc is a global producer of essential mineral-based products, primarily known for its salt and plant nutrition portfolios. The company’s deicing salts are used by municipalities and commercial customers across North America to maintain safer roadways in winter months. In addition, its water conditioning salts serve both residential and industrial users, supporting water treatment systems that remove hard minerals to protect plumbing and equipment.

Beyond conventional salt products, Compass Minerals has developed a specialty plant nutrition business focused on sulfate of potash (SOP), a premium fertilizer that provides both potassium and sulfur to crops.