Compass Minerals International, Inc. (NYSE:CMP) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Compass Minerals International, Inc. (NYSE:CMPGet Free Report) have earned an average rating of “Hold” from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $31.00.

Several brokerages have commented on CMP. BMO Capital Markets dropped their price target on shares of Compass Minerals International from $25.00 to $20.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 26th. Loop Capital raised shares of Compass Minerals International from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $26.00 to $23.00 in a research note on Friday, April 26th.

View Our Latest Research Report on Compass Minerals International

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. grew its position in Compass Minerals International by 80.5% in the 3rd quarter. Victory Capital Management Inc. now owns 11,939 shares of the basic materials company’s stock worth $334,000 after purchasing an additional 5,326 shares during the last quarter. Swiss National Bank boosted its position in shares of Compass Minerals International by 1.2% during the 3rd quarter. Swiss National Bank now owns 76,950 shares of the basic materials company’s stock valued at $2,151,000 after acquiring an additional 900 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Compass Minerals International by 6.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 10,600 shares of the basic materials company’s stock valued at $296,000 after acquiring an additional 603 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Compass Minerals International by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 515,299 shares of the basic materials company’s stock valued at $14,403,000 after purchasing an additional 10,039 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in Compass Minerals International by 12.0% during the 3rd quarter. Deutsche Bank AG now owns 18,418 shares of the basic materials company’s stock valued at $515,000 after purchasing an additional 1,975 shares during the last quarter. Institutional investors own 99.78% of the company’s stock.

Compass Minerals International Stock Performance

Shares of CMP stock opened at $13.38 on Friday. The stock has a market capitalization of $553.05 million, a price-to-earnings ratio of -6.40, a PEG ratio of 0.64 and a beta of 1.17. Compass Minerals International has a one year low of $11.85 and a one year high of $39.78. The company’s 50-day simple moving average is $13.28 and its 200-day simple moving average is $19.15. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.15 and a current ratio of 2.98.

Compass Minerals International (NYSE:CMPGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The basic materials company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $0.23 by $1.26. Compass Minerals International had a negative net margin of 7.47% and a positive return on equity of 22.03%. The firm had revenue of $364.00 million for the quarter, compared to analyst estimates of $386.97 million. During the same quarter in the prior year, the business earned ($0.46) earnings per share. Compass Minerals International’s quarterly revenue was down 11.5% on a year-over-year basis. Equities analysts anticipate that Compass Minerals International will post 0.52 earnings per share for the current fiscal year.

About Compass Minerals International

(Get Free Report

Compass Minerals International, Inc, provides essential minerals in the United States, Canada, the United Kingdom, and internationally. It operates through two segments, Salt and Plant Nutrition. The Salt segment produces, markets, and sells 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 sodium chloride to produce specialty products.

Further Reading

Analyst Recommendations for Compass Minerals International (NYSE:CMP)

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