Compass Minerals International Inc. (CMP) Trading 2.2% Higher
Compass Minerals International Inc. (NYSE:CMP) shares traded up 2.2% on Tuesday . The stock traded as high as $75.32 and last traded at $75.09, with a volume of 458,202 shares. The stock had previously closed at $73.50.
Several research analysts recently weighed in on the stock. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $98.00 target price on shares of Compass Minerals International in a report on Sunday, June 5th. KeyCorp downgraded shares of Compass Minerals International from an “overweight” rating to a “sector weight” rating in a report on Wednesday, June 15th. Zacks Investment Research raised shares of Compass Minerals International from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th. Stifel Nicolaus assumed coverage on shares of Compass Minerals International in a report on Tuesday, July 12th. They issued a “buy” rating and a $90.00 target price for the company. Finally, TheStreet downgraded shares of Compass Minerals International from a “buy” rating to a “hold” rating in a report on Monday, July 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Compass Minerals International currently has a consensus rating of “Hold” and a consensus price target of $76.25.
The stock’s 50 day moving average is $71.84 and its 200 day moving average is $73.49. The firm has a market cap of $2.54 billion and a PE ratio of 18.11.
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, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. During the same period last year, the business earned $0.39 EPS. The business had revenue of $169.50 million for the quarter, compared to analysts’ expectations of $177.56 million. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. On average, equities analysts anticipate that Compass Minerals International Inc. will post $2.79 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be issued a dividend of $0.695 per share. The ex-dividend date is Tuesday, August 30th. This represents a $2.78 annualized dividend and a dividend yield of 3.69%.
A hedge fund recently raised its stake in Compass Minerals International stock. Dimensional Fund Advisors LP raised its stake in Compass Minerals International Inc. (NYSE:CMP) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 743,628 shares of the company’s stock after buying an additional 24,489 shares during the period. Dimensional Fund Advisors LP owned 2.21% of Compass Minerals International worth $55,973,000 at the end of the most recent reporting 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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