Compass Minerals International Inc. (CMP) Trading 2.1% Higher
Compass Minerals International Inc. (NYSE:CMP) shares traded up 2.1% during mid-day trading on Tuesday . The stock traded as high as $73.34 and last traded at $73.22, with a volume of 365,891 shares. The stock had previously closed at $71.68.
Several research analysts recently issued reports on the stock. Cantor Fitzgerald reissued a “hold” rating and set a $98.00 target price on shares of Compass Minerals International in a report on Sunday, June 5th. KeyCorp cut shares of Compass Minerals International from an “overweight” rating to a “sector weight” rating in a report on Wednesday, June 15th. Zacks Investment Research upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Tuesday, June 28th. Stifel Nicolaus initiated coverage on shares of Compass Minerals International in a research report on Tuesday, July 12th. They set a “buy” rating and a $90.00 price target on the stock. Finally, TheStreet lowered shares of Compass Minerals International from a “buy” rating to a “hold” rating in a research report on Monday, July 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $76.25.
The company has a market cap of $2.44 billion and a price-to-earnings ratio of 17.37. The stock’s 50 day moving average is $71.90 and its 200 day moving average is $73.40.
Compass Minerals International (NYSE:CMP) last issued its earnings results on Monday, July 25th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. The company earned $169.50 million during the quarter, compared to analyst estimates of $177.56 million. The company’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.39 EPS. Equities research analysts forecast that Compass Minerals International Inc. will post $2.79 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be issued a $0.695 dividend. This represents a $2.78 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend is Tuesday, August 30th.
Other hedge funds have added to or reduced their stakes in the company. Mutual of America Capital Management LLC increased its stake in Compass Minerals International by 0.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 22,421 shares of the company’s stock valued at $1,688,000 after buying an additional 68 shares during the period. Bank of Montreal Can increased its stake in Compass Minerals International by 325.5% in the fourth quarter. Bank of Montreal Can now owns 39,091 shares of the company’s stock valued at $2,943,000 after buying an additional 29,903 shares during the period. RS Investment Management Co. LLC acquired a new stake in Compass Minerals International during the fourth quarter valued at approximately $3,244,000. Finally, Dimensional Fund Advisors LP increased its stake in Compass Minerals International by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 743,628 shares of the company’s stock valued at $55,973,000 after buying an additional 24,489 shares during the period.
Compass Minerals International, Inc is a holding company. The Company, through its subsidiaries, is engaged in producing and marketing essential minerals, including salt, sulfate of potash (SOP) specialty fertilizer, magnesium chloride and micronutrients. It operates through two segments, which include salt and plant nutrition.
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