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

Shares of Compass Minerals International, Inc. (NYSE:CMP) have been given a consensus recommendation of “Reduce” by the five ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $22.00.

A number of research analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Compass Minerals International in a research report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft dropped their target price 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. Loop Capital set a $24.00 price target on shares of Compass Minerals International in a report on Tuesday, December 30th. Compass Point set a $22.00 price objective on shares of Compass Minerals International in a research note on Tuesday, December 16th. Finally, BMO Capital Markets boosted their price objective on shares of Compass Minerals International from $20.00 to $25.00 and gave the company a “market perform” rating in a research report on Monday, January 5th.

Compass Minerals International Trading Up 0.3%

Shares of CMP stock opened at $21.83 on Thursday. The stock has a market cap of $913.20 million, a P/E ratio of -23.72 and a beta of 1.17. Compass Minerals International has a 1 year low of $8.60 and a 1 year high of $27.00. The company has a current ratio of 2.59, a quick ratio of 0.98 and a debt-to-equity ratio of 3.39. The stock has a 50 day simple moving average of $21.57 and a 200 day simple moving average of $19.75.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings data on Wednesday, February 4th. The basic materials company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.32. The firm had revenue of $396.10 million during the quarter, compared to analysts’ expectations of $329.23 million. Compass Minerals International had a positive return on equity of 8.69% and a negative net margin of 2.82%.The company’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.55) EPS. On average, research analysts predict that Compass Minerals International will post -0.53 earnings per share for the current fiscal year.

Institutional Trading of Compass Minerals International

Several institutional investors and hedge funds have recently modified their holdings of the business. Ewing Morris & Co. Investment Partners Ltd. grew its position in Compass Minerals International by 201.7% in the second quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 1,280,648 shares of the basic materials company’s stock valued at $25,728,000 after acquiring an additional 856,149 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Compass Minerals International by 4,579.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 776,303 shares of the basic materials company’s stock valued at $15,247,000 after purchasing an additional 759,715 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Compass Minerals International by 379.4% in the 3rd quarter. Millennium Management LLC now owns 522,108 shares of the basic materials company’s stock valued at $10,024,000 after purchasing an additional 413,205 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Compass Minerals International by 14.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,775,116 shares of the basic materials company’s stock valued at $53,282,000 after purchasing an additional 354,960 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Compass Minerals International by 57.6% during the 2nd quarter. American Century Companies Inc. now owns 916,088 shares of the basic materials company’s stock worth $18,404,000 after purchasing an additional 334,857 shares in the last quarter. 99.78% of the stock is currently owned by institutional investors.

Compass Minerals International Company Profile

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.