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

Shares of Compass Minerals International, Inc. (NYSE:CMP) have been assigned an average rating of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $22.00.

CMP has been the subject of a number of recent research reports. Loop Capital set a $24.00 target price on Compass Minerals International in a research note on Tuesday, December 30th. BMO Capital Markets increased their price target on Compass Minerals International from $20.00 to $25.00 and gave the company a “market perform” rating in a report on Monday, January 5th. Zacks Research raised Compass Minerals International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Compass Minerals International in a report on Monday.

Compass Minerals International Price Performance

CMP stock opened at $25.36 on Tuesday. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.53 and a current ratio of 2.59. Compass Minerals International has a 1 year low of $11.88 and a 1 year high of $27.15. The firm has a market cap of $1.06 billion, a P/E ratio of -27.56 and a beta of 1.16. The stock has a 50-day simple moving average of $23.92 and a 200-day simple moving average of $21.44.

Compass Minerals International (NYSE:CMP) last posted its earnings results on Wednesday, February 4th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.32. Compass Minerals International had a positive return on equity of 8.69% and a negative net margin of 2.82%.The business had revenue of $396.10 million during the quarter, compared to analyst estimates of $329.23 million. During the same quarter last year, the firm earned ($0.55) earnings per share. The company’s revenue for the quarter was up 28.9% compared to the same quarter last year. On average, equities analysts predict that Compass Minerals International will post 0.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP boosted its holdings in Compass Minerals International by 357.0% in the third quarter. GSA Capital Partners LLP now owns 63,742 shares of the basic materials company’s stock valued at $1,224,000 after purchasing an additional 49,793 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new position in Compass Minerals International in the third quarter valued at about $806,000. SG Americas Securities LLC purchased a new position in Compass Minerals International in the third quarter valued at about $422,000. O Keefe Stevens Advisory Inc. boosted its holdings in Compass Minerals International by 4.2% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 593,887 shares of the basic materials company’s stock valued at $11,664,000 after purchasing an additional 23,860 shares during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in Compass Minerals International by 8,417.1% in the third quarter. Federated Hermes Inc. now owns 335,061 shares of the basic materials company’s stock valued at $6,433,000 after purchasing an additional 331,127 shares during the last quarter. Hedge funds and other institutional investors own 99.78% of the company’s stock.

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.