Compass Minerals International’s (CMP) Buy Rating Reaffirmed at Stifel Nicolaus
Compass Minerals International, Inc. (NYSE:CMP)‘s stock had its “buy” rating reissued by equities research analysts at Stifel Nicolaus in a research report issued on Thursday. They currently have a $84.00 price target on the basic materials company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 20.09% from the company’s previous close.
A number of other equities research analysts also recently commented on the company. BidaskClub raised Compass Minerals International from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 23rd. Zacks Investment Research raised Compass Minerals International from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Finally, Credit Suisse Group set a $63.00 target price on Compass Minerals International and gave the stock a “hold” rating in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $75.60.
Compass Minerals International (NYSE:CMP) last released its earnings results on Monday, August 7th. The basic materials company reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.12). Compass Minerals International had a return on equity of 10.01% and a net margin of 9.83%. The firm had revenue of $228.00 million for the quarter, compared to analyst estimates of $261.13 million. During the same period last year, the firm earned $0.18 EPS. The company’s revenue for the quarter was up 34.5% compared to the same quarter last year.
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A number of large investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Compass Minerals International by 22.8% in the second quarter. BlackRock Inc. now owns 3,532,489 shares of the basic materials company’s stock valued at $230,671,000 after acquiring an additional 656,762 shares during the period. Vanguard Group Inc. lifted its holdings in Compass Minerals International by 1.4% in the second quarter. Vanguard Group Inc. now owns 3,040,104 shares of the basic materials company’s stock valued at $198,519,000 after acquiring an additional 41,002 shares during the period. Parnassus Investments CA lifted its holdings in Compass Minerals International by 0.9% in the first quarter. Parnassus Investments CA now owns 3,035,178 shares of the basic materials company’s stock valued at $200,566,000 after acquiring an additional 27,998 shares during the period. Perkins Investment Management LLC lifted its holdings in Compass Minerals International by 12.3% in the third quarter. Perkins Investment Management LLC now owns 2,249,226 shares of the basic materials company’s stock valued at $165,768,000 after acquiring an additional 245,669 shares during the period. Finally, State Street Corp lifted its holdings in Compass Minerals International by 23.3% in the second quarter. State Street Corp now owns 1,615,191 shares of the basic materials company’s stock valued at $105,474,000 after acquiring an additional 305,111 shares during the period.
About Compass Minerals International
Compass Minerals International, Inc (CMI) is a provider of essential minerals that solve nature’s challenges, including salt for winter roadway safety and other consumer, industrial and agricultural uses; specialty plant nutrition minerals for the quality and yield of crops, and specialty chemicals for water treatment and other industrial processes.
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