Compass Minerals International Inc. (NYSE:CMP) Given Consensus Recommendation of “Hold” by Brokerages
Compass Minerals International Inc. (NYSE:CMP) has been assigned an average rating of “Hold” from the eleven analysts that are currently covering the company. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $75.00.
Several research analysts recently weighed in on CMP shares. Stifel Nicolaus started coverage on shares of Compass Minerals International in a research note on Tuesday, July 12th. They issued a “buy” rating and a $90.00 target price for the company. KeyCorp downgraded shares of Compass Minerals International from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, June 15th. Zacks Investment Research raised shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Tuesday, June 28th. TheStreet downgraded shares of Compass Minerals International from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $98.00 price objective on shares of Compass Minerals International in a research note on Sunday, June 5th.
Shares of Compass Minerals International (NYSE:CMP) traded up 0.664% on Wednesday, reaching $72.015. 224,685 shares of the company were exchanged. The stock has a market capitalization of $2.43 billion, a PE ratio of 17.315 and a beta of 0.71. Compass Minerals International has a 1-year low of $66.30 and a 1-year high of $86.41. The company has a 50-day moving average price of $72.34 and a 200 day moving average price of $73.96.
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Compass Minerals International (NYSE:CMP) last announced its earnings results on Monday, July 25th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. Compass Minerals International had a net margin of 13.63% and a return on equity of 21.37%. The firm earned $169.50 million during the quarter, compared to the consensus estimate of $177.56 million. During the same quarter in the previous year, the company posted $0.39 EPS. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. On average, analysts forecast that Compass Minerals International will post $2.79 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend was Tuesday, August 30th. Compass Minerals International’s dividend payout ratio (DPR) is presently 66.83%.
Hedge funds have recently bought and sold shares of the company. Loomis Sayles & Co. L P increased its stake in Compass Minerals International by 14.5% in the first quarter. Loomis Sayles & Co. L P now owns 207,887 shares of the company’s stock worth $14,731,000 after buying an additional 26,306 shares during the period. UBS Group AG increased its stake in Compass Minerals International by 17.9% in the first quarter. UBS Group AG now owns 77,630 shares of the company’s stock worth $5,501,000 after buying an additional 11,763 shares during the period. State Street Corp increased its stake in Compass Minerals International by 15.7% in the first quarter. State Street Corp now owns 1,163,425 shares of the company’s stock worth $82,435,000 after buying an additional 157,777 shares during the period. BB&T Securities LLC increased its stake in Compass Minerals International by 56.1% in the first quarter. BB&T Securities LLC now owns 61,807 shares of the company’s stock worth $4,379,000 after buying an additional 22,206 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Compass Minerals International during the first quarter worth about $5,910,000. 97.03% of the stock is owned by hedge funds and other institutional investors.
Compass Minerals International Company Profile
Compass Minerals International, Inc is a holding company. The Company, through its subsidiaries, is engaged in producing and marketing essential minerals, including salt, sulfate of potash (SOP) specialty fertilizer, magnesium chloride and micronutrients. It operates through two segments, which include salt and plant nutrition.
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