Compass Minerals International, Inc. (NYSE:CMP) Given Consensus Rating of “Hold” by Brokerages

Shares of Compass Minerals International, Inc. (NYSE:CMP) have been given a consensus rating of “Hold” by the five brokerages that are currently covering the firm, MarketBeat Ratings 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 issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $22.00.

A number of analysts recently weighed in on the stock. Loop Capital set a $24.00 price target on shares of Compass Minerals International in a research note on Tuesday, December 30th. Zacks Research upgraded shares of Compass Minerals International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. BMO Capital Markets increased their price target on shares of Compass Minerals International from $20.00 to $25.00 and gave the stock a “market perform” rating in a research note on Monday, January 5th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass Minerals International in a research note on Wednesday, January 21st.

Compass Minerals International Trading Up 0.3%

Shares of Compass Minerals International stock opened at $25.40 on Tuesday. The company has a fifty day simple moving average of $23.76 and a 200-day simple moving average of $21.33. Compass Minerals International has a 12-month low of $11.12 and a 12-month high of $27.00. The company has a current ratio of 2.59, a quick ratio of 1.53 and a debt-to-equity ratio of 3.39. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -27.60 and a beta of 1.16.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings results on Wednesday, February 4th. The basic materials company reported $0.43 earnings per share 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 analysts’ expectations of $329.23 million. Compass Minerals International had a negative net margin of 2.82% and a positive return on equity of 8.69%. Compass Minerals International’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.55) EPS. On average, equities analysts forecast that Compass Minerals International will post 0.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Compass Minerals International

A number of large investors have recently bought and sold shares of the company. Martingale Asset Management L P raised its position in Compass Minerals International by 1.7% during the 4th quarter. Martingale Asset Management L P now owns 36,832 shares of the basic materials company’s stock worth $723,000 after buying an additional 606 shares during the last quarter. Comerica Bank raised its position in Compass Minerals International by 80.0% during the 4th quarter. Comerica Bank now owns 1,868 shares of the basic materials company’s stock worth $37,000 after buying an additional 830 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Compass Minerals International by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,665 shares of the basic materials company’s stock worth $192,000 after buying an additional 858 shares during the last quarter. Deutsche Bank AG raised its position in Compass Minerals International by 4.5% during the 4th quarter. Deutsche Bank AG now owns 26,692 shares of the basic materials company’s stock worth $524,000 after buying an additional 1,141 shares during the last quarter. Finally, Swiss National Bank raised its position in Compass Minerals International by 2.0% during the 4th quarter. Swiss National Bank now owns 69,950 shares of the basic materials company’s stock worth $1,374,000 after buying an additional 1,400 shares during the last quarter. Hedge funds and other institutional investors 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.