Compass Minerals International, Inc. (NYSE:CMP) Receives $28.80 Average Target Price from Brokerages

Compass Minerals International, Inc. (NYSE:CMP) has been assigned a consensus rating of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $28.80.

CMP has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $35.00 target price on shares of Compass Minerals International in a research note on Wednesday, May 27th. Compass Point set a $30.00 price objective on Compass Minerals International in a research report on Thursday, May 14th. Weiss Ratings cut Compass Minerals International from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. raised Compass Minerals International from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $20.00 to $30.00 in a research report on Thursday, May 14th. Finally, Wall Street Zen cut Compass Minerals International from a “buy” rating to a “hold” rating in a research report on Saturday.

Compass Minerals International Trading Up 4.4%

Shares of NYSE CMP opened at $31.53 on Wednesday. Compass Minerals International has a twelve month low of $16.40 and a twelve month high of $34.50. The company has a current ratio of 2.06, a quick ratio of 1.34 and a debt-to-equity ratio of 2.60. The stock has a fifty day simple moving average of $27.96 and a 200-day simple moving average of $24.21. The stock has a market capitalization of $1.32 billion, a PE ratio of 210.21 and a beta of 1.23.

Compass Minerals International (NYSE:CMP) last released its earnings results on Wednesday, May 6th. The basic materials company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.59 by $0.04. Compass Minerals International had a return on equity of 8.99% and a net margin of 0.55%.The firm had revenue of $453.20 million during the quarter, compared to analysts’ expectations of $418.97 million. During the same period in the previous year, the firm posted $0.63 EPS. Compass Minerals International’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, equities analysts forecast that Compass Minerals International will post 0.82 earnings per share for the current year.

Institutional Trading of Compass Minerals International

Institutional investors and hedge funds have recently made changes to their positions in the company. Martingale Asset Management L P grew its stake in shares of Compass Minerals International by 1.7% during the fourth quarter. Martingale Asset Management L P now owns 36,832 shares of the basic materials company’s stock valued at $723,000 after purchasing an additional 606 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in Compass Minerals International by 5.2% in the first quarter. Quantinno Capital Management LP now owns 13,670 shares of the basic materials company’s stock valued at $319,000 after buying an additional 674 shares during the period. Comerica Bank lifted its holdings in Compass Minerals International by 80.0% in the fourth quarter. Comerica Bank now owns 1,868 shares of the basic materials company’s stock valued at $37,000 after buying an additional 830 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Compass Minerals International by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,665 shares of the basic materials company’s stock valued at $192,000 after buying an additional 858 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in Compass Minerals International by 94.4% in the first quarter. PNC Financial Services Group Inc. now owns 2,216 shares of the basic materials company’s stock valued at $52,000 after buying an additional 1,076 shares during the period. 99.78% of the stock is owned by hedge funds and other institutional investors.

About Compass Minerals International

Compass Minerals International, Inc is a global producer of essential mineral-based products, primarily known for its salt and plant nutrition portfolios. The company’s deicing salts are used by municipalities and commercial customers across North America to maintain safer roadways in winter months. In addition, its water conditioning salts serve both residential and industrial users, supporting water treatment systems that remove hard minerals to protect plumbing and equipment.

Beyond conventional salt products, Compass Minerals has developed a specialty plant nutrition business focused on sulfate of potash (SOP), a premium fertilizer that provides both potassium and sulfur to crops.