Compass Minerals International, Inc. (NYSE:CMP) Receives Average Recommendation of “Hold” from Brokerages

Compass Minerals International, Inc. (NYSE:CMPGet Rating) has earned a consensus rating of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $64.33.

Several brokerages have issued reports on CMP. CL King increased their target price on shares of Compass Minerals International from $65.00 to $67.00 in a report on Thursday, March 3rd. BMO Capital Markets increased their target price on shares of Compass Minerals International from $60.00 to $63.00 and gave the stock a “market perform” rating in a report on Monday, April 18th. StockNews.com began coverage on shares of Compass Minerals International in a report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research cut shares of Compass Minerals International from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 3rd. Finally, JPMorgan Chase & Co. cut shares of Compass Minerals International from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $57.00 to $52.00 in a report on Thursday, February 10th.

Shares of NYSE CMP traded down $2.86 during mid-day trading on Tuesday, reaching $42.82. The company had a trading volume of 5,290 shares, compared to its average volume of 450,903. The business’s 50-day moving average is $61.33 and its 200-day moving average is $58.04. The company has a current ratio of 2.96, a quick ratio of 1.41 and a debt-to-equity ratio of 3.49. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of -142.48 and a beta of 1.43. Compass Minerals International has a 52 week low of $45.02 and a 52 week high of $75.44.

Compass Minerals International (NYSE:CMPGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The basic materials company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.60). The company had revenue of $448.50 million during the quarter, compared to the consensus estimate of $422.32 million. Compass Minerals International had a positive return on equity of 1.52% and a negative net margin of 0.72%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.95 earnings per share. As a group, equities research analysts forecast that Compass Minerals International will post 0.97 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 21st. Stockholders of record on Thursday, March 10th were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, March 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.40%. Compass Minerals International’s payout ratio is -193.54%.

A number of large investors have recently made changes to their positions in the stock. Pittenger & Anderson Inc. purchased a new stake in Compass Minerals International during the 1st quarter worth approximately $38,000. Ellevest Inc. lifted its stake in shares of Compass Minerals International by 1,673.7% during the first quarter. Ellevest Inc. now owns 674 shares of the basic materials company’s stock worth $42,000 after buying an additional 636 shares during the period. Clearstead Advisors LLC grew its holdings in shares of Compass Minerals International by 56.4% during the third quarter. Clearstead Advisors LLC now owns 907 shares of the basic materials company’s stock valued at $58,000 after buying an additional 327 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of Compass Minerals International by 595.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 904 shares of the basic materials company’s stock valued at $71,000 after acquiring an additional 774 shares during the period. Finally, Concord Wealth Partners raised its stake in Compass Minerals International by 13.8% in the 4th quarter. Concord Wealth Partners now owns 1,828 shares of the basic materials company’s stock worth $93,000 after acquiring an additional 222 shares during the last quarter. 94.99% of the stock is currently owned by institutional investors.

Compass Minerals International Company Profile (Get Rating)

Compass Minerals International, Inc, produces and sells essential minerals primarily in the United States, Canada, Brazil, the United Kingdom, and internationally. 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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Analyst Recommendations for Compass Minerals International (NYSE:CMP)

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