Compass Minerals International Inc. (CMP) PT Set at $63.00 by Monness Crespi & Hardt
Compass Minerals International Inc. (NYSE:CMP) has been assigned a $63.00 price objective by stock analysts at Monness Crespi & Hardt in a report released on Wednesday. The firm currently has a a “sell” rating on the stock. Monness Crespi & Hardt’s price objective indicates a potential downside of 15.46% from the company’s previous close.
CMP has been the subject of several other reports. Zacks Investment Research upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a report on Tuesday, September 27th. TheStreet lowered shares of Compass Minerals International from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. KeyCorp lowered shares of Compass Minerals International from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, June 15th. Finally, Stifel Nicolaus assumed coverage on shares of Compass Minerals International in a research note on Tuesday, July 12th. They issued a “buy” rating and a $90.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Compass Minerals International currently has a consensus rating of “Hold” and an average price target of $76.25.
Compass Minerals International (NYSE:CMP) opened at 74.52 on Wednesday. The company has a market cap of $2.52 billion, a P/E ratio of 17.92 and a beta of 0.62. Compass Minerals International has a 52 week low of $66.30 and a 52 week high of $86.41. The company’s 50-day moving average is $73.24 and its 200-day moving average is $74.01.
Compass Minerals International (NYSE:CMP) last issued its quarterly earnings data on Monday, July 25th. The company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. Compass Minerals International had a net margin of 13.63% and a return on equity of 21.37%. The business earned $169.50 million during the quarter, compared to analyst estimates of $177.56 million. During the same period in the prior year, the business earned $0.39 EPS. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. On average, analysts anticipate that Compass Minerals International will post $2.78 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a dividend of $0.695 per share. The ex-dividend date was Tuesday, August 30th. This represents a $2.78 dividend on an annualized basis and a yield of 3.73%. Compass Minerals International’s dividend payout ratio is currently 66.83%.
A number of hedge funds have recently added to or reduced their stakes in CMP. Commonwealth Equity Services Inc raised its stake in Compass Minerals International by 58.1% in the first quarter. Commonwealth Equity Services Inc now owns 12,475 shares of the company’s stock worth $884,000 after buying an additional 4,586 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Compass Minerals International by 470.5% in the first quarter. IFP Advisors Inc now owns 1,626 shares of the company’s stock worth $115,000 after buying an additional 1,341 shares during the last quarter. BlackRock Inc. increased its stake in shares of Compass Minerals International by 24.8% in the first quarter. BlackRock Inc. now owns 47,026 shares of the company’s stock worth $3,333,000 after buying an additional 9,342 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Compass Minerals International by 3.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,011,248 shares of the company’s stock worth $71,657,000 after buying an additional 29,772 shares during the last quarter. Finally, Motley Fool Wealth Management LLC bought a new stake in shares of Compass Minerals International during the first quarter worth about $2,219,000. Institutional investors and hedge funds own 97.03% of the company’s stock.
Compass Minerals International Company Profile
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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