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

Shares of Compass Minerals International, Inc. (NYSE:CMP) have been assigned an average recommendation of “Hold” from the five analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $22.00.

CMP has been the subject of several research analyst reports. Wall Street Zen upgraded Compass Minerals International from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Compass Point set a $22.00 price objective on Compass Minerals International in a report on Tuesday, December 16th. Loop Capital set a $24.00 target price on Compass Minerals International in a research report on Tuesday, December 30th. BMO Capital Markets raised their target price on shares of Compass Minerals International from $20.00 to $25.00 and gave the company a “market perform” rating in a report on Monday, January 5th. Finally, Zacks Research upgraded shares of Compass Minerals International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th.

Compass Minerals International Stock Up 0.1%

Shares of CMP stock opened at $23.08 on Friday. The company’s fifty day simple moving average is $23.81 and its two-hundred day simple moving average is $20.71. Compass Minerals International has a 52 week low of $8.60 and a 52 week high of $27.00. The stock has a market cap of $965.96 million, a P/E ratio of -25.08 and a beta of 1.15. The company has a quick ratio of 1.53, a current ratio of 2.59 and a debt-to-equity ratio of 3.39.

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 for the quarter, beating analysts’ consensus estimates of $0.11 by $0.32. The firm had revenue of $396.10 million during the quarter, compared to analyst estimates 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 business’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.55) earnings per share. Analysts predict that Compass Minerals International will post -0.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Compass Minerals International

A number of institutional investors and hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP lifted its holdings in shares of Compass Minerals International by 357.0% in the 3rd quarter. GSA Capital Partners LLP now owns 63,742 shares of the basic materials company’s stock valued at $1,224,000 after acquiring an additional 49,793 shares during the last quarter. Nomura Holdings Inc. purchased a new position in Compass Minerals International in the second quarter worth about $5,168,000. Hussman Strategic Advisors Inc. bought a new stake in Compass Minerals International during the third quarter worth approximately $806,000. American Century Companies Inc. increased its stake in Compass Minerals International by 57.6% during the second quarter. American Century Companies Inc. now owns 916,088 shares of the basic materials company’s stock worth $18,404,000 after acquiring an additional 334,857 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Compass Minerals International during the third quarter valued at approximately $422,000. 99.78% of the stock is owned by hedge funds and other 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.