Compass Minerals International (NYSE:CMP) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Compass Minerals International (NYSE:CMP) had its price target upped by Deutsche Bank Aktiengesellschaft from $14.00 to $22.00 in a research note published on Monday,Benzinga reports. They currently have a buy rating on the basic materials company’s stock.

A number of other equities research analysts have also issued reports on the company. Wall Street Zen upgraded Compass Minerals International from a “buy” rating to a “strong-buy” rating in a research note on Sunday, June 8th. BMO Capital Markets upped their price target on Compass Minerals International from $15.00 to $20.00 and gave the stock a “market perform” rating in a report on Monday, May 12th.

Compass Minerals International Price Performance

Compass Minerals International stock opened at $19.49 on Monday. The firm has a fifty day moving average of $17.45 and a 200-day moving average of $13.43. Compass Minerals International has a 52-week low of $7.51 and a 52-week high of $20.96. The company has a quick ratio of 1.12, a current ratio of 1.84 and a debt-to-equity ratio of 3.37. The firm has a market capitalization of $808.84 million, a P/E ratio of -5.47 and a beta of 1.11.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.24. Compass Minerals International had a negative net margin of 12.15% and a negative return on equity of 24.24%. The firm had revenue of $494.60 million during the quarter, compared to analysts’ expectations of $413.96 million. Compass Minerals International’s revenue for the quarter was up 35.9% on a year-over-year basis. As a group, analysts predict that Compass Minerals International will post -0.53 EPS for the current year.

Institutional Trading of Compass Minerals International

Several large investors have recently modified their holdings of the business. Koch Inc. acquired a new position in shares of Compass Minerals International in the fourth quarter worth about $79,139,000. SailingStone Capital Partners LLC increased its holdings in Compass Minerals International by 13.7% during the 4th quarter. SailingStone Capital Partners LLC now owns 5,427,142 shares of the basic materials company’s stock worth $61,055,000 after purchasing an additional 652,129 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in Compass Minerals International by 642.5% during the 4th quarter. Nuveen Asset Management LLC now owns 1,058,551 shares of the basic materials company’s stock worth $11,909,000 after purchasing an additional 915,983 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Compass Minerals International by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 785,676 shares of the basic materials company’s stock valued at $8,842,000 after purchasing an additional 2,865 shares in the last quarter. Finally, Lightrock Netherlands B.V. boosted its stake in shares of Compass Minerals International by 33.6% during the 1st quarter. Lightrock Netherlands B.V. now owns 755,373 shares of the basic materials company’s stock valued at $7,029,000 after buying an additional 189,786 shares during the last quarter. 99.78% of the stock is currently owned by institutional investors and hedge funds.

Compass Minerals International Company Profile

Compass Minerals International, Inc, provides essential minerals in the United States, Canada, the United Kingdom, and internationally. It operates through two segments, Salt and Plant Nutrition. The Salt segment produces, markets, and sells sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with sodium chloride to produce specialty products.