TheStreet Upgrades Compass Minerals International (CMP) to “B”
Compass Minerals International (NYSE:CMP) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b” rating in a research note issued to investors on Thursday.
A number of other brokerages have also recently weighed in on CMP. BidaskClub upgraded Compass Minerals International from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 23rd. Stifel Nicolaus reiterated a “buy” rating and issued a $84.00 target price on shares of Compass Minerals International in a report on Wednesday, November 1st. Credit Suisse Group set a $63.00 target price on Compass Minerals International and gave the company a “hold” rating in a report on Wednesday, August 9th. Monness Crespi & Hardt upgraded Compass Minerals International from a “neutral” rating to a “buy” rating and set a $76.00 target price on the stock in a report on Monday, October 2nd. Finally, Zacks Investment Research cut Compass Minerals International from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $73.60.
Compass Minerals International (NYSE:CMP) traded down $0.60 during mid-day trading on Thursday, hitting $69.15. The stock had a trading volume of 283,223 shares, compared to its average volume of 291,496. Compass Minerals International has a 1-year low of $59.72 and a 1-year high of $84.40. The company has a quick ratio of 1.18, a current ratio of 2.52 and a debt-to-equity ratio of 1.70. The firm has a market capitalization of $2,359.47, a PE ratio of 28.59 and a beta of 0.51.
Compass Minerals International (NYSE:CMP) last posted its quarterly earnings data on Monday, October 30th. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.20). Compass Minerals International had a return on equity of 11.52% and a net margin of 10.72%. The business had revenue of $290.70 million for the quarter, compared to analyst estimates of $323.76 million. During the same quarter last year, the business earned $0.27 EPS. Compass Minerals International’s revenue for the quarter was up 61.9% compared to the same quarter last year. sell-side analysts forecast that Compass Minerals International will post 2.62 EPS for the current year.
Institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC purchased a new position in Compass Minerals International in the second quarter valued at about $73,452,000. BlackRock Inc. raised its position in Compass Minerals International by 22.8% in the second quarter. BlackRock Inc. now owns 3,532,489 shares of the basic materials company’s stock valued at $230,671,000 after purchasing an additional 656,762 shares during the period. State Street Corp raised its position in Compass Minerals International by 23.3% in the second quarter. State Street Corp now owns 1,615,191 shares of the basic materials company’s stock valued at $105,474,000 after purchasing an additional 305,111 shares during the period. Morningstar Investment Services LLC raised its position in Compass Minerals International by 28.3% in the second quarter. Morningstar Investment Services LLC now owns 1,065,984 shares of the basic materials company’s stock valued at $69,609,000 after purchasing an additional 235,138 shares during the period. Finally, Nuance Investments LLC raised its position in Compass Minerals International by 42.4% in the second quarter. Nuance Investments LLC now owns 484,532 shares of the basic materials company’s stock valued at $31,640,000 after purchasing an additional 144,173 shares during the period.
About Compass Minerals International
Compass Minerals International, Inc (CMI) is a provider of essential minerals that solve nature’s challenges, including salt for winter roadway safety and other consumer, industrial and agricultural uses; specialty plant nutrition minerals for the quality and yield of crops, and specialty chemicals for water treatment and other industrial processes.
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