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

Compass Minerals International, Inc. (NYSE:CMP – Get Free Report) has been assigned an average recommendation of “Reduce” from the five analysts that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $27.00.

CMP has been the topic of a number of recent analyst reports. BMO Capital Markets reaffirmed a “market perform” rating on shares of Compass Minerals International in a report on Tuesday, October 6th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $27.00 price target (down from $30.00) on shares of Compass Minerals International in a research note on Monday, August 10th. Compass Point set a $27.00 target price on Compass Minerals International in a research report on Monday, August 10th. Weiss Ratings raised Compass Minerals International from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 28th. Finally, Wall Street Zen lowered shares of Compass Minerals International from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd.

Get Our Latest Stock Analysis on Compass Minerals International

Compass Minerals International Stock Performance

Shares of CMP stock opened at $21.83 on Tuesday. The company’s fifty day moving average price is $24.06 and its two-hundred day moving average price is $27.03. The company has a debt-to-equity ratio of 2.72, a current ratio of 2.01 and a quick ratio of 0.98. The firm has a market capitalization of $916.34 million, a P/E ratio of 29.68 and a beta of 1.25. Compass Minerals International has a 12 month low of $16.40 and a 12 month high of $34.50.

Compass Minerals International (NYSE:CMP – Get Free Report) last released its earnings results on Wednesday, August 5th. The basic materials company reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $207.75 million. During the same period in the previous year, the firm posted ($0.39) EPS. Compass Minerals International’s revenue for the quarter was up .3% on a year-over-year basis. On average, research analysts anticipate that Compass Minerals International will post 0.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Compass Minerals International

Hedge funds have recently bought and sold shares of the business. SailingStone Capital Partners LLC lifted its stake in Compass Minerals International by 6.1% during the fourth quarter. SailingStone Capital Partners LLC now owns 5,414,067 shares of the basic materials company’s stock worth $106,332,000 after purchasing an additional 308,957 shares during the period. Engine Capital Management LP boosted its stake in shares of Compass Minerals International by 275.4% in 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 purchasing an additional 1,055,740 shares in the last quarter. Irenic Capital Management LP bought a new position in Compass Minerals International during the 1st quarter valued at about $33,520,000. Bank of America Corp DE boosted its position in Compass Minerals International by 692.8% in the first quarter. Bank of America Corp DE now owns 1,253,045 shares of the basic materials company’s stock valued at $29,259,000 after buying an additional 1,094,987 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Compass Minerals International by 18.2% during the first quarter. Dimensional Fund Advisors LP now owns 913,683 shares of the basic materials company’s stock worth $21,333,000 after buying an additional 140,918 shares in the last quarter. 99.78% of the stock is owned by hedge funds and other institutional investors.

About Compass Minerals International

(Get Free Report)

Compass Minerals International, Inc is a producer of essential minerals serving the transportation, agriculture, consumer products and industrial markets. The company’s principal businesses are salt and plant nutrition, with operations and customers primarily in North America.

Compass Minerals produces highway deicing salt used by transportation agencies and municipalities to help keep roads clear during winter weather. It also supplies salt for food processing, water treatment, animal feed, chemical manufacturing and other industrial and consumer applications.

Further Reading

Analyst Recommendations for Compass Minerals International (NYSE:CMP)

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