Compass Minerals International, Inc. (NYSE:CMP) Stock Has Consensus Target Price of $27.00

Shares of Compass Minerals International, Inc. (NYSE:CMP) have received a consensus recommendation of “Reduce” from the five brokerages that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $27.00.

A number of analysts recently weighed in on CMP shares. Wall Street Zen downgraded Compass Minerals International from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. BMO Capital Markets reissued a “market perform” rating on shares of Compass Minerals International in a report on Tuesday, October 6th. JPMorgan Chase & Co. cut Compass Minerals International from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $30.00 to $27.00 in a research note on Monday, August 10th. Compass Point set a $27.00 target price on shares of Compass Minerals International in a research report on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Compass Minerals International from $35.00 to $32.00 and set a “buy” rating for the company in a report on Monday, August 31st.

Compass Minerals International Price Performance

NYSE CMP opened at $22.89 on Friday. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.98 and a current ratio of 2.01. The firm’s 50 day moving average price is $23.22 and its 200-day moving average price is $25.90. The company has a market cap of $960.80 million, a PE ratio of 53.23 and a beta of 1.26. Compass Minerals International has a 52-week low of $16.40 and a 52-week high of $34.50.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings data on Wednesday, August 5th. The basic materials company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.08). Compass Minerals International had a return on equity of 12.75% and a net margin of 1.42%. The company had revenue of $215.30 million for the quarter, compared to analyst estimates of $207.75 million. During the same quarter in the prior year, the firm earned ($0.39) EPS. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Sell-side analysts forecast that Compass Minerals International will post 0.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Irenic Capital Management LP purchased a new position in shares of Compass Minerals International in the first quarter worth $33,520,000. Bank of America Corp DE boosted its holdings in Compass Minerals International by 692.8% during the first quarter. Bank of America Corp DE now owns 1,253,045 shares of the basic materials company’s stock worth $29,259,000 after buying an additional 1,094,987 shares in the last quarter. Engine Capital Management LP lifted its holdings in shares of Compass Minerals International by 275.4% during the 1st quarter. Engine Capital Management LP now owns 1,439,065 shares of the basic materials company’s stock valued at $33,602,000 after acquiring an additional 1,055,740 shares in the last quarter. Hennessy Advisors Inc. bought a new position in Compass Minerals International during the 2nd quarter valued at $10,755,000. Finally, Renaissance Technologies LLC boosted its holdings in Compass Minerals International by 994.4% during the first quarter. Renaissance Technologies LLC now owns 172,911 shares of the basic materials company’s stock valued at $4,037,000 after acquiring an additional 157,111 shares during the period. 99.78% of the stock is owned by institutional investors.

Compass Minerals International Company Profile

Compass Minerals International, Inc (NYSE:CMP) is a producer of essential minerals used in transportation, agriculture, water treatment, and industrial applications. The company primarily operates through its Salt and Plant Nutrition businesses.

Its Salt business produces and distributes highway deicing salt, rock salt, evaporated salt, solar salt, magnesium chloride, and calcium chloride. These products are sold to government agencies, commercial customers, industrial users, and consumers for roadway safety, water treatment, food processing, and other applications.