Compass Minerals International Rating Increased to Neutral at Zacks (CMP)
Compass Minerals International (NYSE:CMP) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a note issued to investors on Tuesday, AR Network reports. The firm currently has a $77.30 price objective on the stock. Zacks‘ price objective indicates a potential upside of 1.13% from the stock’s previous close.
A number of other analysts have also recently weighed in on CMP. Analysts at Credit Suisse cut their price target on shares of Compass Minerals International (NYSE:CMP) from $77.00 to $68.00 in a research note to investors on Tuesday, August 13th. They now have an “underperform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Compass Minerals International (NYSE:CMP) from an “underweight” rating to a “neutral” rating in a research note to investors on Wednesday, July 31st. Finally, analysts at BMO Capital Markets upgraded shares of Compass Minerals International (NYSE:CMP) from an “underperform” rating to a “market perform” rating in a research note to investors on Wednesday, July 31st. They now have a $73.00 price target on the stock, down previously from $75.00. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Compass Minerals International presently has an average rating of “Hold” and a consensus price target of $73.46.
Shares of Compass Minerals International (NYSE:CMP) traded up 0.22% on Tuesday, hitting $76.44. The stock had a trading volume of 260,599 shares. Compass Minerals International has a 1-year low of $64.24 and a 1-year high of $91.88. The stock’s 50-day moving average is $74.73 and its 200-day moving average is $81.54. The company has a market cap of $2.557 billion and a price-to-earnings ratio of 26.56.
Compass Minerals International (NYSE:CMP) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.40 by $0.09. The company had revenue of $173.80 million for the quarter, compared to the consensus estimate of $177.44 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. Analysts expect that Compass Minerals International will post $3.73 EPS for the current fiscal year.
Compass Minerals International, Inc (NYSE:CMP) is a producer of minerals, including salt, sulfate of potash specialty fertilizer (SOP) and magnesium chloride.
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