Compass Minerals International, Inc. (NYSE:CMP) has earned a consensus rating of “Hold” from the eight brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $73.60.
Several research firms have recently commented on CMP. Zacks Investment Research upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Tuesday. TheStreet upgraded Compass Minerals International from a “c+” rating to a “b” rating in a research note on Thursday, November 30th. Stifel Nicolaus reaffirmed a “buy” rating and set a $84.00 price objective on shares of Compass Minerals International in a report on Wednesday, November 1st. Monness Crespi & Hardt raised Compass Minerals International from a “neutral” rating to a “buy” rating and set a $76.00 price objective on the stock in a report on Monday, October 2nd. Finally, JPMorgan Chase & Co. raised Compass Minerals International from a “neutral” rating to an “overweight” rating and set a $70.00 price objective on the stock in a report on Monday, September 25th.
A number of hedge funds have recently made changes to their positions in CMP. Janus Henderson Group PLC acquired a new position in Compass Minerals International during the second quarter worth $73,452,000. BlackRock Inc. grew its holdings in Compass Minerals International by 22.8% during the second quarter. BlackRock Inc. now owns 3,532,489 shares of the basic materials company’s stock worth $230,671,000 after acquiring an additional 656,762 shares during the period. State Street Corp grew its holdings in Compass Minerals International by 23.3% during the second quarter. State Street Corp now owns 1,615,191 shares of the basic materials company’s stock worth $105,474,000 after acquiring an additional 305,111 shares during the period. River Road Asset Management LLC grew its holdings in Compass Minerals International by 19.6% during the third quarter. River Road Asset Management LLC now owns 871,528 shares of the basic materials company’s stock worth $56,562,000 after acquiring an additional 142,884 shares during the period. Finally, Epoch Investment Partners Inc. grew its holdings in Compass Minerals International by 33.5% during the second quarter. Epoch Investment Partners Inc. now owns 497,557 shares of the basic materials company’s stock worth $32,490,000 after acquiring an additional 124,866 shares during the period.
Compass Minerals International (NYSE:CMP) last released its quarterly earnings results on Monday, October 30th. The basic materials company reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.20). Compass Minerals International had a return on equity of 11.52% and a net margin of 10.72%. The company had revenue of $290.70 million for the quarter, compared to analysts’ expectations of $323.76 million. During the same quarter last year, the company earned $0.27 EPS. Compass Minerals International’s revenue for the quarter was up 61.9% compared to the same quarter last year. research analysts forecast that Compass Minerals International will post 2.62 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date was Thursday, November 30th. Compass Minerals International’s dividend payout ratio is presently 67.76%.
WARNING: “Compass Minerals International, Inc. (CMP) Receives Consensus Recommendation of “Hold” from Analysts” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://www.americanbankingnews.com/2018/01/06/compass-minerals-international-inc-cmp-receives-consensus-recommendation-of-hold-from-analysts.html.
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.
Receive News & Ratings for Compass Minerals International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compass Minerals International and related companies with MarketBeat.com's FREE daily email newsletter.