Compass Minerals International, Inc. (NYSE:CMP) Receives Consensus Recommendation of “Hold” from Analysts

Compass Minerals International, Inc. (NYSE:CMP) has been given a consensus recommendation of “Hold” by the five analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $22.00.

Several research analysts have recently issued reports on the company. Zacks Research upgraded Compass Minerals International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. BMO Capital Markets increased their target price on Compass Minerals International from $20.00 to $25.00 and gave the company a “market perform” rating in a research note on Monday, January 5th. Loop Capital set a $24.00 target price on Compass Minerals International in a report on Tuesday, December 30th. Deutsche Bank Aktiengesellschaft decreased their target price on Compass Minerals International from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. Finally, Wall Street Zen raised Compass Minerals International from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th.

Institutional Investors Weigh In On Compass Minerals International

Several large investors have recently bought and sold shares of CMP. Gumshoe Capital Management LLC acquired a new stake in Compass Minerals International in the fourth quarter worth $24,842,000. Ewing Morris & Co. Investment Partners Ltd. increased its position in shares of Compass Minerals International by 201.7% in the 2nd quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 1,280,648 shares of the basic materials company’s stock valued at $25,728,000 after buying an additional 856,149 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Compass Minerals International by 4,579.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 776,303 shares of the basic materials company’s stock valued at $15,247,000 after buying an additional 759,715 shares in the last quarter. Millennium Management LLC raised its stake in 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 buying an additional 413,205 shares during the period. Finally, Engine Capital Management LP bought a new position in Compass Minerals International during the fourth quarter worth about $7,529,000. Institutional investors own 99.78% of the company’s stock.

Compass Minerals International Trading Down 2.8%

Shares of NYSE CMP opened at $23.82 on Friday. Compass Minerals International has a fifty-two week low of $8.60 and a fifty-two week high of $27.00. The firm has a market capitalization of $997.22 million, a P/E ratio of -25.89 and a beta of 1.15. The company has a debt-to-equity ratio of 3.39, a current ratio of 2.59 and a quick ratio of 1.53. The company’s 50 day simple moving average is $23.82 and its 200 day simple moving average is $20.65.

Compass Minerals International (NYSE:CMP) last released its earnings results on Wednesday, February 4th. The basic materials company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.32. The firm had revenue of $396.10 million during the quarter, compared to analyst estimates of $329.23 million. Compass Minerals International had a negative net margin of 2.82% and a positive return on equity of 8.69%. The business’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.55) EPS. On average, analysts predict that Compass Minerals International will post -0.53 EPS for the current year.

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.