Compass Minerals International’s (CMP) Buy Rating Reiterated at Deutsche Bank Aktiengesellschaft

Compass Minerals International (NYSE:CMP)‘s stock had its “buy” rating reissued by equities research analysts at Deutsche Bank Aktiengesellschaft in a note issued to investors on Monday, MarketBeat reports. They presently have a $22.00 price objective on the basic materials company’s stock, up from their previous price objective of $14.00. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 12.88% from the company’s current price.

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

Compass Minerals International Trading Down 0.9%

Shares of CMP stock opened at $19.49 on Monday. 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 has a twelve month low of $7.51 and a twelve month high of $20.96. The stock’s fifty day simple moving average is $17.45 and its 200 day simple moving average is $13.43.

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

Hedge Funds Weigh In On Compass Minerals International

A number of hedge funds have recently added to or reduced their stakes in CMP. New York State Common Retirement Fund boosted its position in shares of Compass Minerals International by 35.9% during the fourth quarter. New York State Common Retirement Fund now owns 7,189 shares of the basic materials company’s stock valued at $81,000 after buying an additional 1,900 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Compass Minerals International by 44.1% in the fourth quarter. Jones Financial Companies Lllp now owns 18,111 shares of the basic materials company’s stock valued at $204,000 after purchasing an additional 5,544 shares during the last quarter. Assetmark Inc. boosted its holdings in Compass Minerals International by 6,121.5% during the fourth quarter. Assetmark Inc. now owns 30,050 shares of the basic materials company’s stock worth $338,000 after purchasing an additional 29,567 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Compass Minerals International in the 4th quarter valued at about $1,439,000. Finally, Ironwood Investment Management LLC lifted its position in shares of Compass Minerals International by 6.2% during the 4th quarter. Ironwood Investment Management LLC now owns 29,842 shares of the basic materials company’s stock worth $336,000 after buying an additional 1,738 shares in the last quarter. Institutional investors and hedge funds own 99.78% of the company’s stock.

About Compass Minerals International

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.