Compass Minerals International (NYSE:CMP) Price Target Increased to $60.00 by Analysts at JPMorgan Chase & Co.

Compass Minerals International (NYSE:CMP) had its target price raised by research analysts at JPMorgan Chase & Co. from $55.00 to $60.00 in a report released on Thursday, Stock Target Advisor reports. The brokerage currently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 5.26% from the company’s current price.

A number of other research analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Compass Minerals International from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Monday. ValuEngine upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Wednesday. BMO Capital Markets reduced their price objective on shares of Compass Minerals International to $55.00 and set a “market perform” rating for the company in a research note on Thursday. Finally, Deutsche Bank reduced their price objective on shares of Compass Minerals International from $60.00 to $55.00 and set a “hold” rating for the company in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Compass Minerals International presently has an average rating of “Hold” and an average price target of $56.61.

Compass Minerals International stock traded up $0.46 during mid-day trading on Thursday, reaching $57.00. The company’s stock had a trading volume of 146,018 shares, compared to its average volume of 195,353. Compass Minerals International has a 12-month low of $38.19 and a 12-month high of $60.14. The company has a market capitalization of $2.00 billion, a P/E ratio of 29.53 and a beta of 1.36. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.14 and a current ratio of 2.26. The firm’s fifty day moving average price is $56.39 and its two-hundred day moving average price is $54.51.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.37). Compass Minerals International had a net margin of 3.89% and a return on equity of 10.90%. The business had revenue of $341.30 million during the quarter, compared to analysts’ expectations of $351.89 million. During the same quarter in the prior year, the firm posted $0.37 earnings per share. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. On average, research analysts predict that Compass Minerals International will post 2.53 EPS for the current fiscal year.

In other news, insider Kevin S. Crutchfield purchased 2,000 shares of Compass Minerals International stock in a transaction dated Friday, August 16th. The stock was purchased at an average cost of $49.46 per share, for a total transaction of $98,920.00. Following the transaction, the insider now directly owns 2,000 shares of the company’s stock, valued at $98,920. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.60% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cardinal Capital Management grew its position in shares of Compass Minerals International by 2.0% during the 3rd quarter. Cardinal Capital Management now owns 9,711 shares of the basic materials company’s stock valued at $548,000 after purchasing an additional 189 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Compass Minerals International by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,706 shares of the basic materials company’s stock worth $753,000 after acquiring an additional 194 shares during the last quarter. NEXT Financial Group Inc lifted its holdings in shares of Compass Minerals International by 10.8% during the 2nd quarter. NEXT Financial Group Inc now owns 2,057 shares of the basic materials company’s stock worth $113,000 after acquiring an additional 200 shares during the last quarter. Atria Investments LLC lifted its holdings in shares of Compass Minerals International by 3.4% during the 2nd quarter. Atria Investments LLC now owns 6,606 shares of the basic materials company’s stock worth $331,000 after acquiring an additional 218 shares during the last quarter. Finally, We Are One Seven LLC lifted its holdings in shares of Compass Minerals International by 2.2% during the 3rd quarter. We Are One Seven LLC now owns 10,527 shares of the basic materials company’s stock worth $595,000 after acquiring an additional 224 shares during the last quarter. Hedge funds and other institutional investors own 92.26% of the company’s stock.

About Compass Minerals International

Compass Minerals International, Inc, produces and sells salt, and specialty plant nutrition and chemical products primarily in the United States, Canada, Brazil, and the United Kingdom. It operates through three segments: Salt, Plant Nutrition North America, and Plant Nutrition South America. The Salt segment offers sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with salt to produce specialty products.

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