Compass Minerals International, Inc. (NYSE:CMP) Receives $20.00 Average Price Target from Analysts

Shares of Compass Minerals International, Inc. (NYSE:CMP) have earned an average rating of “Reduce” from the five analysts that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $20.00.

CMP has been the subject of a number of recent analyst reports. Wall Street Zen cut Compass Minerals International from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. JPMorgan Chase & Co. restated an “underweight” rating and set a $18.00 price objective (up previously from $15.00) on shares of Compass Minerals International in a report on Wednesday, August 13th. Zacks Research raised shares of Compass Minerals International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass Minerals International in a report on Wednesday, October 8th.

Compass Minerals International Trading Up 0.8%

NYSE CMP opened at $17.88 on Friday. Compass Minerals International has a 12 month low of $8.60 and a 12 month high of $22.69. The stock has a 50-day simple moving average of $18.19 and a 200 day simple moving average of $19.31. The company has a current ratio of 2.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.30. The company has a market capitalization of $745.48 million, a PE ratio of -6.12 and a beta of 1.13.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. raised its position in shares of Compass Minerals International by 3.2% during the first quarter. Envestnet Asset Management Inc. now owns 49,191 shares of the basic materials company’s stock worth $457,000 after purchasing an additional 1,535 shares during the period. Assetmark Inc. grew its position in shares of Compass Minerals International by 27.4% in the 1st quarter. Assetmark Inc. now owns 38,283 shares of the basic materials company’s stock valued at $356,000 after purchasing an additional 8,233 shares during the period. Corton Capital Inc. increased its stake in Compass Minerals International by 65.4% during the 1st quarter. Corton Capital Inc. now owns 18,690 shares of the basic materials company’s stock worth $174,000 after purchasing an additional 7,390 shares in the last quarter. Federated Hermes Inc. acquired a new stake in Compass Minerals International during the 1st quarter worth approximately $40,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Compass Minerals International by 28.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 487,937 shares of the basic materials company’s stock valued at $4,533,000 after buying an additional 107,366 shares in the last quarter. 99.78% of the stock is owned by institutional investors and hedge funds.

About Compass Minerals International

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.