Compass Minerals International, Inc. (NYSE:CMP) Receives $22.00 Average PT from Analysts

Shares of Compass Minerals International, Inc. (NYSE:CMP) have received a consensus recommendation of “Hold” from the five analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $22.00.

CMP has been the topic of several research analyst reports. Compass Point set a $22.00 price target on Compass Minerals International in a research note on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft reduced their price objective on Compass Minerals International from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Loop Capital set a $24.00 target price on Compass Minerals International in a report on Tuesday, December 30th. Wall Street Zen upgraded Compass Minerals International from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass Minerals International in a report on Wednesday, January 21st.

Compass Minerals International Trading Down 2.1%

NYSE:CMP opened at $23.35 on Monday. The company has a market capitalization of $977.50 million, a P/E ratio of -25.38 and a beta of 1.15. The company has a current ratio of 2.59, a quick ratio of 1.53 and a debt-to-equity ratio of 3.39. Compass Minerals International has a 12 month low of $8.60 and a 12 month high of $27.00. The firm has a fifty day simple moving average of $23.44 and a 200-day simple moving average of $20.29.

Compass Minerals International (NYSE:CMP) last released its earnings results on Wednesday, February 4th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.32. The firm had revenue of $396.10 million for the quarter, compared to the consensus estimate 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 firm’s revenue was up 28.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.55) EPS. On average, equities research analysts anticipate that Compass Minerals International will post -0.53 earnings per share for the current year.

Institutional Trading of Compass Minerals International

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Gumshoe Capital Management LLC purchased a new position in shares of Compass Minerals International during the 4th quarter valued at about $24,842,000. Ewing Morris & Co. Investment Partners Ltd. boosted its stake in shares of Compass Minerals International by 201.7% in the second quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 1,280,648 shares of the basic materials company’s stock worth $25,728,000 after buying an additional 856,149 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Compass Minerals International by 4,579.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 776,303 shares of the basic materials company’s stock worth $15,247,000 after buying an additional 759,715 shares during the last quarter. Millennium Management LLC grew its stake in shares of Compass Minerals International by 379.4% during the 3rd quarter. Millennium Management LLC now owns 522,108 shares of the basic materials company’s stock worth $10,024,000 after purchasing an additional 413,205 shares during the period. Finally, Engine Capital Management LP acquired a new stake in Compass Minerals International during the fourth quarter valued at $7,529,000. Institutional investors and hedge funds own 99.78% of the company’s stock.

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.