Compass Minerals International (NYSE:CMP) Given New $55.00 Price Target at Deutsche Bank Aktiengesellschaft

Compass Minerals International (NYSE:CMPGet Rating) had its price objective lowered by equities research analysts at Deutsche Bank Aktiengesellschaft from $73.00 to $55.00 in a research note issued to investors on Monday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 26.90% from the stock’s previous close.

Several other research firms have also weighed in on CMP. StockNews.com initiated coverage on Compass Minerals International in a research report on Thursday, March 31st. They set a “hold” rating on the stock. BMO Capital Markets boosted 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. TheStreet cut shares of Compass Minerals International from a “c-” rating to a “d+” rating in a research note on Wednesday, May 18th. Zacks Investment Research upgraded shares of Compass Minerals International from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 12th. Finally, JPMorgan Chase & Co. downgraded shares of Compass Minerals International from a “neutral” rating to an “underweight” rating and cut their target price for the company from $57.00 to $52.00 in a research note on Thursday, February 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Compass Minerals International currently has a consensus rating of “Hold” and a consensus target price of $58.83.

NYSE CMP opened at $43.34 on Monday. The firm’s 50 day moving average is $58.33 and its 200-day moving average is $56.47. The company has a quick ratio of 1.39, a current ratio of 2.33 and a debt-to-equity ratio of 3.22. The company has a market capitalization of $1.48 billion, a PE ratio of -139.80 and a beta of 1.43. Compass Minerals International has a 12-month low of $40.20 and a 12-month high of $75.44.

Compass Minerals International (NYSE:CMPGet Rating) last released its earnings results on Thursday, May 5th. The basic materials company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.60). Compass Minerals International had a negative net margin of 0.72% and a positive return on equity of 1.42%. The business had revenue of $448.50 million during the quarter, compared to the consensus estimate of $422.32 million. During the same period last year, the business posted $0.95 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, sell-side analysts expect that Compass Minerals International will post 0.51 EPS for the current year.

Several institutional investors have recently bought and sold shares of CMP. Segall Bryant & Hamill LLC increased its position in Compass Minerals International by 18.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 1,316,457 shares of the basic materials company’s stock worth $84,781,000 after buying an additional 208,238 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Compass Minerals International by 23.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,284 shares of the basic materials company’s stock worth $117,000 after acquiring an additional 434 shares during the period. First Foundation Advisors raised its holdings in Compass Minerals International by 82.2% in the 3rd quarter. First Foundation Advisors now owns 15,554 shares of the basic materials company’s stock valued at $1,002,000 after acquiring an additional 7,015 shares in the last quarter. Clifford Capital Partners LLC lifted its position in shares of Compass Minerals International by 3.1% during the 3rd quarter. Clifford Capital Partners LLC now owns 44,065 shares of the basic materials company’s stock valued at $2,838,000 after acquiring an additional 1,333 shares during the period. Finally, Blueshift Asset Management LLC acquired a new stake in shares of Compass Minerals International during the 3rd quarter worth $1,266,000. 94.99% of the stock is currently owned by institutional investors.

About Compass Minerals International (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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