Compass Minerals International, Inc. (NYSE:CMP) Receives $22.00 Consensus Price Target from Analysts

Compass Minerals International, Inc. (NYSE:CMP) has been given a consensus rating of “Reduce” by the five ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $22.00.

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Compass Minerals International from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Compass Minerals International in a report on Wednesday, October 8th. Zacks Research raised Compass Minerals International from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Compass Point set a $22.00 price objective on Compass Minerals International in a research note on Tuesday, December 16th. Finally, BMO Capital Markets lifted their target price on Compass Minerals International from $20.00 to $25.00 and gave the company a “market perform” rating in a research note on Monday, January 5th.

Institutional Trading of Compass Minerals International

Hedge funds have recently made changes to their positions in the company. Nomura Holdings Inc. purchased a new position in Compass Minerals International in the second quarter worth $5,168,000. American Century Companies Inc. increased its holdings in shares of Compass Minerals International by 57.6% in the 2nd quarter. American Century Companies Inc. now owns 916,088 shares of the basic materials company’s stock valued at $18,404,000 after purchasing an additional 334,857 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new position in shares of Compass Minerals International in the 2nd quarter valued at about $302,000. Assetmark Inc. lifted its stake in shares of Compass Minerals International by 98.5% in the second quarter. Assetmark Inc. now owns 75,974 shares of the basic materials company’s stock valued at $1,526,000 after purchasing an additional 37,691 shares during the period. Finally, Pacer Advisors Inc. purchased a new stake in Compass Minerals International during the third quarter worth about $5,572,000. Institutional investors and hedge funds own 99.78% of the company’s stock.

Compass Minerals International Stock Up 2.2%

Compass Minerals International stock opened at $22.99 on Friday. The company has a market capitalization of $961.23 million, a P/E ratio of -11.97 and a beta of 1.17. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.98 and a current ratio of 2.15. Compass Minerals International has a fifty-two week low of $8.60 and a fifty-two week high of $23.66. The stock has a 50-day simple moving average of $19.18 and a 200-day simple moving average of $19.39.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings data on Monday, December 8th. The basic materials company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02). The firm had revenue of $227.50 million during the quarter, compared to analysts’ expectations of $223.72 million. Compass Minerals International had a negative net margin of 6.42% and a negative return on equity of 8.22%. Compass Minerals International’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.77) EPS. Equities research analysts expect that Compass Minerals International will post -0.53 earnings per share for the current year.

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.