Brokerages Set Compass Minerals International, Inc. (NYSE:CMP) Price Target at $22.00

Compass Minerals International, Inc. (NYSE:CMP) has been given an average recommendation of “Hold” by the five analysts that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $22.00.

Several equities analysts recently issued reports on CMP shares. Deutsche Bank Aktiengesellschaft dropped their price target on Compass Minerals International from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass Minerals International in a research note on Wednesday, January 21st. Zacks Research upgraded Compass Minerals International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Compass Point set a $22.00 price target on Compass Minerals International in a report on Tuesday, December 16th. Finally, Wall Street Zen raised shares of Compass Minerals International from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CMP. Martingale Asset Management L P boosted its holdings in Compass Minerals International by 1.7% in the 4th quarter. Martingale Asset Management L P now owns 36,832 shares of the basic materials company’s stock valued at $723,000 after purchasing an additional 606 shares in the last quarter. CWM LLC lifted its holdings in shares of Compass Minerals International by 95.0% in the 2nd quarter. CWM LLC now owns 1,363 shares of the basic materials company’s stock valued at $27,000 after buying an additional 664 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Compass Minerals International by 11.2% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 7,863 shares of the basic materials company’s stock valued at $158,000 after buying an additional 791 shares during the period. Comerica Bank boosted its stake in shares of Compass Minerals International by 80.0% in the fourth quarter. Comerica Bank now owns 1,868 shares of the basic materials company’s stock valued at $37,000 after buying an additional 830 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Compass Minerals International by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,665 shares of the basic materials company’s stock worth $192,000 after acquiring an additional 858 shares during the period. 99.78% of the stock is owned by hedge funds and other institutional investors.

Compass Minerals International Stock Down 0.1%

CMP stock opened at $24.65 on Monday. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -26.79 and a beta of 1.15. The company has a fifty day moving average price of $23.30 and a 200 day moving average price of $20.22. The company has a debt-to-equity ratio of 3.39, a current ratio of 2.59 and a quick ratio of 1.53. Compass Minerals International has a 12 month low of $8.60 and a 12 month high of $27.00.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings data on Wednesday, February 4th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.32. Compass Minerals International had a negative net margin of 2.82% and a positive return on equity of 8.69%. The company had revenue of $396.10 million for the quarter, compared to the consensus estimate of $329.23 million. During the same period last year, the firm posted ($0.55) EPS. Compass Minerals International’s revenue for the quarter was up 28.9% on a year-over-year basis. Sell-side 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.