Compass Minerals International, Inc. (CMP) Given Average Recommendation of “Hold” by Brokerages
Compass Minerals International, Inc. (NYSE:CMP) has been assigned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $73.60.
A number of equities research analysts have commented on CMP shares. BidaskClub downgraded Compass Minerals International from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Credit Suisse Group set a $63.00 target price on Compass Minerals International and gave the company a “hold” rating in a report on Wednesday, August 9th. J P Morgan Chase & Co raised Compass Minerals International from a “neutral” rating to an “overweight” rating and set a $70.00 target price for the company in a report on Monday, September 25th. Zacks Investment Research downgraded Compass Minerals International from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, Monness Crespi & Hardt raised Compass Minerals International from a “neutral” rating to a “buy” rating and set a $76.00 target price for the company in a report on Monday, October 2nd.
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Institutional investors have recently added to or reduced their stakes in the business. Bruderman Asset Management LLC acquired a new stake in Compass Minerals International in the second quarter valued at $146,000. LS Investment Advisors LLC raised its stake in shares of Compass Minerals International by 20.3% during the 2nd quarter. LS Investment Advisors LLC now owns 2,786 shares of the basic materials company’s stock worth $182,000 after buying an additional 470 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Compass Minerals International during the 2nd quarter worth $206,000. Legg Mason Asset Management Japan Co. Ltd. acquired a new position in shares of Compass Minerals International during the 2nd quarter worth $229,000. Finally, CFO4Life Group LLC raised its stake in shares of Compass Minerals International by 20.1% during the 2nd quarter. CFO4Life Group LLC now owns 3,593 shares of the basic materials company’s stock worth $235,000 after buying an additional 602 shares during the last quarter.
Compass Minerals International (CMP) opened at 65.35 on Monday. Compass Minerals International has a 1-year low of $59.72 and a 1-year high of $84.40. The firm has a market capitalization of $2.21 billion, a PE ratio of 18.26 and a beta of 0.44. The company has a 50 day moving average of $66.64 and a 200 day moving average of $66.61.
Compass Minerals International (NYSE:CMP) last posted its quarterly earnings data on Monday, August 7th. The basic materials company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.12). Compass Minerals International had a net margin of 9.83% and a return on equity of 10.01%. The firm had revenue of $228.00 million during the quarter, compared to analysts’ expectations of $261.13 million. During the same quarter last year, the business earned $0.18 earnings per share. The business’s quarterly revenue was up 34.5% on a year-over-year basis. Analysts forecast that Compass Minerals International will post $2.57 EPS for the current year.
Compass Minerals International Company Profile
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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